Tuesday, April 23

Tag: digital payments

Paytm Payments Bank In Early Talks To Partner With Full-Service Banks
1Sep By AnkitaNo Comments
BUSINESS

Paytm Payments Bank In Early Talks To Partner With Full-Service Banks

India’s Paytm Payments Bank is in talks to partner with full-service banks to offer services such as loans and term deposits which it cannot do on its own due to regulatory restrictions, its chief executive told Reuters. Payments banks are niche banks that were allowed by the Reserve Bank of India in a bid to expand access to financial services in Asia’s third-largest economy where millions don’t have a bank account. RELATED Paytm Starts Payments Bank, Will Offer 4% Interest Rate     The payments banks can take savings deposits and remittances but are not permitted to lend. “Anything which we cannot offer, we will be partnering with the banks. Whether it’s going to be a loan, or a credit card, or a term deposit, and other services,” said Renu Satti, CEO o...
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Airtel Payments Bank opens 10,000+ savings accounts in 2 days
27Nov By NitishNo Comments
News

Airtel Payments Bank opens 10,000+ savings accounts in 2 days

Payments Bank said over 10,000 customers have opened savings accounts with it within two days of going live with a pilot project in Rajasthan. Majority of these accounts have been opened by customers in semi-urban and rural areas, underlining the potential for growth of banking services in such areas, Airtel Payments Bank said in a statement. Last week, Airtel Payments Bank became the first Payments Bank to go live in the country with the rollout of pilot services in Rajasthan. "We are offering the highest interest rate on savings account deposits in the country along with personal insurance of Rs 1 lakh and may look at sweetening the value proposition further and introduce more benefits in the coming days to accelerate the onboarding," Shashi Arora, MD and CEO, Airtel Payments Ba...
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Freecharge Now India’s Fastest Growing Payments App
30May By AnkitaNo Comments
News

Freecharge Now India’s Fastest Growing Payments App

The reach of the digital payments platform Freecharge has grown from 17% to 30% in the period from October 2015 to April 2016 in India -- the highest growth in app usage for any payments app in the country, a Nielsen study revealed on Monday.   Freecharge also emerged as the most engaging app in the category with the average time spent on the app per month -- increasing from 28 minutes to 55 minutes in the period October 2015 to April 2016, said the data from Nielsen Informate Smartphone Panel.   Freecharge core philosophy is focused on making transactions swifter and more secure. A number of features such as On the Go Pin (patent pending), Speed Pay (making transactions within 10 seconds), first of its kind Social Pay services like Chat n Pay, payments throug...
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Users can Now Pay With Single Touch Using ‘Ola Money’
22Mar By AnkitaNo Comments
News

Users can Now Pay With Single Touch Using ‘Ola Money’

Ola Money, the popular digital payment solution from Ola, India's leading mobile app for transportation, today announced that it has partnered with Mumbai Metro, which will enable commuters to recharge their prepaid metro cards by using the Ola Money app. Ola Money is also the exclusive digital payment partner for RSRTC- the Rajasthan State Road Transport Corporation, where users booking tickets online on http://rsrtc.rajasthan.gov.in/ or offline during their bus ride, can pay using Ola Money. The Ola Money app can also be used for prepaid mobile phone recharge across all network operators in India and for sending money to friends and family within minutes. Additionally, Ola Money has recently partnered with Cafe Coffee Day, Cleartrip and Stayglad over and above existing partners ...
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FreeCharge Partners With Cinepolis To Provide Secure Digital Payments
3Mar By NitishNo Comments
BUSINESS

FreeCharge Partners With Cinepolis To Provide Secure Digital Payments

FreeCharge wallet has partnered with Mexican movie theatre chain, Cinepolis to provide a platform for secure and easy digital payments. The partnership will start in the second week of March and customers can pay for movie tickets and food and beverages across 38 Cinepolis theatres in 28 Cities. FreeCharge is the first digital wallet partner for Cinepolis, which claims to be the world's 4th largest chain of movie theatre. Movie goers will be able to pay using their registered mobile numbers with FreeCharge at the existing card machine's available at the payment counter. The transactions will get completed in a secure manner within 10 seconds using the dynamic 'On-The-Go-Pin'. The partnership will further help Cinepolis get access to FreeCharge's robust partner network and bring more ...
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