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India to see retail digital payments to double to $7tn by 2030: Report

The report said co-branded credit cards are gaining momentum. "Emerging methods such as buy now, pay later (BNPL)New Delhi: With digital adoption fast gaining currency, India is likely to see retail digital payments double to $7 trillion by 2030...

Digital payments to surge by 88 % by 2026: Shiprocket Report

While digital payments will surge, cash transactions are expected to decrease by 34% as per a comprehensive report on Indian eCommerce ecosystem released by e-commerce enablement unicorn Shiprocket at Shiprocket SHIVIR 2023New Delhi: By 2026, digital payments are anticipated...

Credit card spending hits record high at Rs 1.4 lakh crore in May; cards in use at 87.4 million

Similarly, the number of cards in use has also jumped by more than 5 million since January and crossed 87.4 million in the reporting month, making this also an all-time high in May, according to the RBI dataMumbai: Credit...

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...
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AbCoffee opens 50th outlet in just two years

The homegrown takeaway coffee chain reached the milestone by opening four new outlets in MumbaiMumbai: Tech-enabled grab-and-go coffee chain...
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