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Paytm Q4 FY24 loss widens to Rs 550 crore

The Reserve Bank of India (RBI) barred Paytm Payments Bank Limited (PPBL) from accepting deposits, credit transactions or top-upsNew Delhi: Fintech firm One97 Communications, which owns the Paytm brand, on Wednesday said its loss in the fourth quarter...

Visa appoints Sujai Raina as India Country Manager

In addition to his responsibilities as Country Manager, he will continue to lead business development for Visa in IndiaNew Delhi: Digital payments platform Visa on Tuesday said it has appointed Sujai Raina as the country manager for India.Besides, Sandeep...

Razorpay announces ‘UPI Switch’ in partnership with Airtel Payments Bank

The 'UPI Switch' will also enable 5 times faster access to UPI (Unified Payments Interface) innovations for businessesNew Delhi: Fintech company Razorpay on Tuesday launched its own UPI infrastructure with 'UPI Switch', a cloud-based innovation in partnership with Airtel...

Majority of users to stop using UPI if it attracts transaction fee: Survey

LocalCircles on Sunday said the survey received over 34,000 responses from citizens in over 364 districts, comprising 67% of male respondents and 33% of womenNew Delhi: A majority of people will stop using UPI if a transaction fee is levied...

Amid Paytm Payments crisis, Google Pay announces expansion of Soundpods

The development comes at a time when RBI has ordered Paytm Payments Bank Limited (PPBL) to stop accepting any money after March 15 for transactions.New Delhi: Fintech firm Google Pay Thursday announced the expansion of sound pods for merchants...

RBI asks Visa, Mastercard to stop card-based commercial payments

The development comes on the heels of the RBI initiating regulatory actions against Paytm Payments BankNew Delhi: The Reserve Bank has asked international payments major Visa and Mastercard to stop card-based commercial payments made by small and large businesses...

Paytm sees Rs 300-500 crore blow with disruption of Payments Bank services

The central bank on Wednesday barred PPBL from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024New Delhi: Fintech firm Paytm sees an impact of Rs 300-500 crore on...

UPI, Credit to further drive digital payments in e-commerce: Experts

According to experts speaking at the Internet Commerce Summit, international adoption of UPI, increase in transaction limits and credit offered by e-commerce players are the hallmarks of the digital payments evolution Bengaluru: Notable changes are on the cards for Unified Payments...

Consumer electronics startup Seven launches 7 Ring, a wearable payment solution

7 Ring is an open-loop contactless payment wearable solution powered by the RuPay network New Delhi: Homegrown consumer electronic startup Seven has unveiled a new smart ring called 7 Ring, a contactless payment solution device, the company announced in a...

Alternative payments account for 60% of e-commerce market in India: Report

Over the last five years, alternative payment solutions like Amazon Pay, Google Pay, and Paytm have consistently risen in popularity among Indian consumers Bengaluru: With a market-share of about 58%, alternative payment methods such as mobile and digital wallets have...

Digital payment via UPI spikes on person-to-merchant transaction growth: Report

The number of UPI transactions in January 2018 was 151 million, and it reached 9.3 billion in June 2023, primarily driven by the growth in P2M transactionsNew Delhi: Digital payment through Unified Payments Interface (UPI) has seen a multi-fold jump...

G20 nations commit to promote faster, transparent cross-border payments

The leaders committed to achieving global targets for faster, cheaper, more transparent and inclusive cross-border payments by 2027 and welcome the initiatives undertaken by international organisations in this directionNew Delhi: The G20 nations on Saturday resolved to promote faster,...

Paytm unveils indigenously made soundbox with card payment option

The company has deployed soundbox at around 8.5 crore point of sales and expect to match the same pace of deployment for the new devices.New Delhi, Sep 4 (PTI) Fintech firm Paytm on Monday launched a soundbox device that lets...

Tapping into the co-branded retail credit cards in India

The top four banks in India claim 75% share of the country’s credit card market offering more than 70 co-branded credit cards. To learn more about the top cards launched with retail brands, swipe down… New Delhi: According to credit...

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From vending machines to café chain: Roastea eyes 100 outlets in 5 years, Rs 350 crore in 3 years

Founded in 2019, the brand closed FY 2024 with revenue of approximately Rs 60 crore and aims to double...
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