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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...

We do not worry about market share in UPI; focus on opportunity before us: Amazon Pay

The company surveyed over 6,000 respondents in the top 120 cities witnessing the highest number of e-commerce transactions.New Delhi: Amazon Pay India does not worry about its market shares in the UPI ecosystem and is more focused on the...

India Quotient-backed Pop launches UPI payments service

The company built its UPI stack in partnership with financial firms such as Yes Bank and JuspayBengaluru: Bengaluru-based startup Pop has received approval as a third-party application provider (TPAP) from the National Payments Corporation of India (NPCI) to offer...

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...

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...

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...

Digital payments rise 10.94% annually at September-end 2023: RBI data

The central bank announced the construction of a composite RBI-DPI in March 2018 as a base to capture the extent of digitisation of payments across the countryNew Delhi: Digital payments across the country registered a growth of 10.94% in...

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...

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...
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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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