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PhonePe launches one-stop POS solution for merchant partners

The device will enable merchants to accept payments via debit cards, credit cards and UPI and it is built on the Android platform New Delhi: Walmart-owned digital payment company PhonePe has launched a point-of-sale (POS) device that will enable merchants to...

PayU India biz grows 31 pc to $399 million in FY23

The Dutch investment firm recognised a loss of $77 million on account of losing influence on BYJU'SNew Delhi: Fintech firm PayU India's business grew 31 per cent to USD 399 million in FY23, its parent Prosus said on Tuesday.The Dutch...

Amazon Pay accepts Rs 2,000 notes during doorstep delivery

In order to avail the facility, customers have to complete video KYC on the Amazon app, which takes about 5-10 minutesNew Delhi: Amazon customers can now use their Rs 2,000 notes to top up their Amazon Pay balances during...

Walmart ties up with payment company PingPong

International sellers selling on Walmart’s marketplace can now choose PingPong to receive their payments Bengaluru: Multinational retail corporation Walmart has partnered with online payment processing platform PingPong, the tech company said in a press release on Monday. International sellers selling on...

Chennai city ranks among top 5 in digital payment transactions in 2022: Report

Bengaluru emerged on top with 29 million transactions worth $65 billion followed by New Delhi 19.6 million transactions worth $50 billion Chennai: Chennai has emerged as one of the top digital payment transactions cities in 2022 in the country, a...

Paytm clocks 40% GMV growth to Rs 3.62 lakh crore in March 2023 quarter

The company had recorded a total GMV of Rs 2.59 lakh crore a year ago in the same quarterNew Delhi: Digital financial services firm One97 Communications, which operates under the Paytm brand, has recorded 40 per cent growth in...

How digital payments are driving India’s e-commerce

The rampant increase in smartphone users and easy accessibility to the Internet are some major boosters for this expansion. Keeping in line with the Digital India movement, more and more companies are building a presence online to reach the...

RBI publishes list of 54 existing online payment aggregators

The list includes Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments, which can continue to operate as Online Payment Aggregators (PAs)Mumbai: The Reserve Bank on Wednesday released a list of 54 entities, including Amazon (Pay)...

Alibaba sells nearly half of its direct stake in Paytm at Rs 535.9 per share

Chinese group Alibaba sold 2,59,930 shares of Paytm at Rs 535.90 worth Rs 13.93 croreNew Delhi: Chinese conglomerate Alibaba is learnt to have sold a 3.1 per cent stake - nearly half of its direct shareholding -...

PhonePe completes separation from Flipkart

After the complete separation of Flipkart and PhonePe, both entities will continue to operate under US-based retail giant WalmartNew Delhi: Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a...

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Zepto achieves 120% revenue growth in FY24, reports strong financial performance

Zepto reduced its absolute losses, with PAT as a percentage of revenue improving significantly from -63% in FY23 to...
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