August 23rd, 2018The digital payments space is growing at a great pace these days and Google Tez has been a predominant player along with many other companies. Google is now planning to rename Tez to Pay and integrate it under the global payment umbrella of Google Pay.
Being Google’s payments app, Tez gained a lot of attraction and also has hit...
August 17th, 2018The emerging digital payments player PhonePe which is owned by Flipkart announced that it has teamed up with Indian Railway Catering and Tourism Corporation (IRCTC) to make digital payments easier and smoother through PhonePe on the IRCTC Rail connect Android app.
This partnership will ensure the ease of payment with the help of...
August 16th, 2018Following a number of delays and a few hurdles, the updated version of UPI which is commonly called UPI 2.0 is set to be introduced to the people by the National Payments Corp of India. The UPI 2.0 will be launched today at an event in Mumbai.
Urjit Patel, the Governor of The Reserve Bank of India along with Rajnish Kumar, State...
July 12th, 2018Ahmedabad-based e-commerce conglomerate Infibeam has launched a new UPI App Intent for the acceptance of payments and flow for CCAvenue payment gateway merchants.
UPI App Intent processes the transactions on native mobile apps with the help of existing UPI supported apps such as Tez, BHIM, PhonePe etc that are downloaded on the...
July 4th, 2018According to the data available with the National Payments Corporation of India (NPCI), India's unified payments interface (UPI) payments received 30 percent growth, over 246 million users in June month.
A total of 246.37 million UPI transactions were conducted in June this year, as against 189.48 million in May 2018, recording the...
June 11th, 2018The well-known messaging app Whatsapp has stated that it shares only limited data of payment service with its owner firm Facebook and the parent company does not utilize the data for the commercial purpose.
The messaging app has been lately working on its payment feature had to postpone the launch due to the ongoing Facebook data...
May 25th, 2018The Indian digital financial service platform, MobiKwik has announced to launch Unified Payments Interface (UPI) on its platform through its own VPA handle called “@ikwik” for making payments unlike the one offered by non-banking entities.
The company has also assured its users about safety being given utmost priority so that...
May 14th, 2018Adding another feature to its Kitty, Digital Payment Major Paytm has come up with an automatic recurring payments feature that will allow recurring, high-value payment and other monthly expenses to happen in an instant.
Titled as "My Payments", the feature enables bank transfers from/to bank account making it easier to make payments...
May 7th, 2018Paytm, the digital payments giant is ready to bring its service to the next level with investment plans of over $745.16 Mn (INR 5,000 crore) in its central business.
In an interview with ET, Founder and CEO of Paytm, Vijay Shekhar Sharma announced that the company is targeting to double the amount of transactions it records every...
March 3rd, 2018Despite February being the shortest of the month, UPI (Unified Payments Interface) has seen a massive rise in the use of service. Indeed, in India alone, 170 million transactions has been made across the multiple mobile payment platforms available. UPI allows individuals to perform instant money transfer across different banks through...
February 16th, 2018Whatsapp has finally rolled out its much awaited payments feature across the country which is giving a huge boost to digital payments in India. Pixr8 also today published that digital payments in India will soon touch $1 trillion by 2023, which is for sure is good news for 'Digital India'.
However, this is not the first time when...
February 16th, 2018After Paytm, Google Tez, Hike and PhonePe like platforms that provide online peer to peer transactions and more, have rolled out, millions of users have moved to electronic payment interface thus expanding the Digital Payment Space.
But what is expected to make Digital Payments in India to progress to $1 trillion from $51,756 million...
