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FreeCharge witnesses 12x growth in food orders post demonetization

Digital wallet firm FreeCharge today announced that food orders using FreeCharge have grown 12 times in the last 30 days since demonetization happened. Additionally, the company says that it has also added F&B outlets in over 110 cities since demonetization...

New authentication rule no threat to payment companies, will only accelerate digital payment adoption

After increasing the limit on mobile wallet spends, RBI has now eased card payments by removing the two-factor authentication for online card transactions involving sums up to Rs 2,000. The move aims to simplify and encourage electronic payments adoption at...

Snapdeal Unbox Cash-Free Sale: 75 per cent orders placed using digital payments

Snapdeal, India’s largest online marketplace, revealed key trends from its on-going 2-day Unbox Cash-Free sale. This is the first e-commerce sale, post the demonetization announcement by the Government on November 8, 2016. The response to the sale indicates that users...

Demonetization: Online shopping surges; Paytm, CoD via bank cards preferred payment methods

On November 8, Prime Minister Narendra Modi announced the replacement of 86 per cent of India’s cash by announcing demonetization Rs 500 and Rs 1,000 notes as a part of legal tender in India in a bid to cut corruption, counterfeit...

Plastic money ideal for ease of accounting, efficiency: The Beer Café's Rahul Singh

The Government's decision to withdraw Rs 1,000 and Rs 500 notes as legal tender has impacted the consumer life in a big way. As a result, instead of spending on luxuries, consumers today are spending cautiously on necessities. Reduced consumer...

Mobile wallet players laud RBI move to raise spend limits

Digital wallet companies on Wednesday welcomed the RBI's decision to increase the limits on mobile wallets spend to Rs 20,000 for users and to Rs 50,000 for merchant bank transfers in view of the cash crunch following demonetization of...

Freecharge's Wallet on Delivery crosses 100,000 delivery mark

Snapdeal-owned mobile transactions platform Freecharge today announced that its recently launched 'Wallet on Delivery' option has been used for 100,000 Snapdeal deliveries, within the first week of its launch. The company said that this might be the start of a...

Post demonetization, Freecharge wallet growing 12 times a day

Within the first 24 hours of the announcement of demonetization, the wallet loads of Snapdeal-owned mobile transactions platform Freecharge grew 12 times and has been increasing by the same average since then. "Within the first 24 hours, wallet loads grew...

Currency Ban: Restaurateurs say bringing home the bacon tough only for short time

The landmark move by the Modi Government to demonetize high-value currency notes to stamp out black money is expected to mark a short-time dent in the income of the restaurateurs. Many restaurant owners have accepted that they are already witnessing...

Freecharge sees 10X jump in merchant sign-up queries post demonetization

The Government’s recent demonetization action has spurred the digital payments sector in a massive way with sellers reaching out to wallet companies in order to immediately sign up to start accepting digital payments. Owing to the surge in usage and...
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PhonePe users can now make UPI payments in UAE via Neopay Terminals

Neopay Terminals is available across a wide array of retail stores, dining outlets, as well as tourist and leisure...
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