Tag: Digital payments
17 Results
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G Pay spent Rs 1,028 crore on cash rewards in FY 2019
Google Pay said that the company had spent around 67 million on monthly active users with an annual gross transaction run-rate of $110 billion.
October 29, 2019 -
Digital payments annual growth at 12.7 per cent in India: KPMG
A KPMG report said that the mobile payment revolution in the country has led to a boom in the number of merchants adopting digital payments with close to 1.5 million digital payment acceptance locations in 2016-17.
August 29, 2019 -
Paytm partners Clix Finance to offer instant digital loans
The company would offer loans to Paytm customers and merchants through "Deferred Payment or Postpaid" and "Merchant Lines" facilities.
July 23, 2019 -
Paytm to dole out incentives for merchants at kirana stores
The company is targeting to partner with over 20 million retail kirana stores, enabling them to accept all digital payment modes including UPI, wallet and cards.
June 20, 2019 -
Paytm dominates UPI merchant payment with 60% share
The firm has also enabled its 1.2 crore partner merchants so far to accept payments through Paytm BHIM UPI.
June 10, 2019 -
Banks and No Banking
In the event, the singular achievement is the five-day break ~ or nearly so ~ in the season of jollity. It beggars belief that for all the proud boasts of growth and development, the country has to make do without banking for close to a week. That very thought would be anathema in any civilised society.
December 23, 2018 -
Digital payments to be trillion-dollar market by 2023: NITI Aayog
According to the study, growth momentum of digital payments in volume and value sustained post demonetization with "spectacular growth" in new products like Unified Payments Interface (UPI).
July 31, 2018 -
Samsung Pay in India adds utility bill payment options for users
Samsung Pay users can pay their mobile, landline telephone, electricity, gas, water and DTH bills using the feature.
December 21, 2017 -
RBI, EC have no info on bonds for political parties funding
The Reserve Bank of India and the Election Commission have no information on electoral bonds, which were announced about nine months back for the funding of political parties, according to an RTI reply. “We have no information to furnish,” the central bank said in its reply to the RTI query. The RBI was asked details …
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November 24, 2017 -
PayPal digital payments service launches operations in India
Global digital payments major PayPal on Wednesday announced its India operations, after offering cross-border payments in the country for close to a decade, the company said. In a statement issued here PayPal Holdings, Inc, said: “At launch, Indian consumers can use PayPal to shop online at some of India’s most popular businesses. “Merchants offering PayPal …
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November 8, 2017 -
Demonetisation may increase economic inequalities: Manmohan Singh
Former Prime Minister Manmohan Singh has called demonetisation a “catastrophic economic policy” that may aggravate inequalities and prove to be a “far greater social malaise” in a diverse country like India, and asked Prime Minister Narendra Modi to accept the “blunder” and work towards a consensus to rebuild the economy. “Demonetisation has proved to be …
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November 6, 2017 -
Convenient shopping
It looks like any other corporate township. Roads are well laid-out, Neat rows of houses are inhabited by the company employees and all facilities are there ~ shopping centre, schools, canteens, hospital, sports complex and other such establishments. But what set the Gujarat Narmada Fertilizers and Chemicals Ltd (GNFC) township at Bharuch, in Gujarat, was …
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October 12, 2017 -
Kolkata’s yellow taxis to soon receive digital payments
Kolkata’s iconic yellow taxis are going digital and would soon start receiving fares through a digital payment solution, cab associations’ officials said on Wednesday. The digital transactions can be made via an app-based solution through smartphones, and also by installing a device which will accept payments through all digital wallets, debit and credit cards. “About …
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August 31, 2017 -
Senior citizens get digital payments lessons at The Statesman event
Hundreds of people enthusiastically participated in the sixth edition of the "Digital Education Programme for Senior Citizens" organized by The Statesman. It was held at the meeting hall of Abhinav apartment, Vasundhra Enclave. The Statesman, in collaboration with the Ministry of Electronics and Information Technology, took the initiative to empower senior citizens in banking and …
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July 16, 2017 -
Digital payments shoot up by 55 per cent in 2016-17: NITI Aayog
The number of digital payments shot up by around 55 per cent in 2016-17 fuelled by demonetisation, NITI Aayog said on Monday. This steep rise in a single year is in sharp contrast to the 28 per cent increase over a five-year period ending 2015-16, NITI Aayog's Principal Advisor Ratan P. Watal said during a …
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July 3, 2017 -
100 more less cash townships in 3 months: GNFC
Hundred more establishments of oil companies, security personnel, fertiliser companies and others are expected to become less cash townships in next three months, a top official of Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) said. A township of GNFC at Bharuch has been declared as India's first 100 per cent cashless town and the government …
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April 16, 2017 -
Digital payments up nearly 23 times since demonetisation: Government
There has been nearly 23-fold increase in the number of digital payments since the November 8 demonetisation, the government said on April 13. The transactions using various digital payment modes went up to 63.80 lakh with a total transaction value of Rs.2,425 crore till March this year, as against 2,80,000 transactions and Rs.101 crore till …
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April 14, 2017