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Kiko Live introduces cash-on-delivery for online grocery orders, driving 30% surge in kirana revenues

The feature, introduced after a successful pilot, led to a 30% increase in daily online orders and a corresponding 30% boost in online revenues for participating Kirana stores New Delhi: Kiko Live, a quick commerce platform empowering Kirana stores, has...

Paytm expects to turn profitable from next quarter: Vijay Shekhar Sharma

The company achieved operational profit of Rs 81 crore after excluding ESOP costs in the March quarter as per the guidance New Delhi: Fintech firm One97 Communications, the owner of Paytm brand, expects to turn profitable from the next quarter,...

Amazon onboards BRISKPE as PSP; platform to help to Indian sellers scale globally

With this launch, BRISKPE moves beyond just powering payouts to building a full-stack ecosystem that helps sellers scale like global brands New Delhi: Amazon has recognised BRISKPE as a Payment Service Provider (PSP) and authorised it to provide cross-border payments on...

UPI transactions touches record high of Rs 24.77 lakh crore in March

The UPI transaction value was Rs 21.96 lakh crore in February New Delhi: Transactions through popular Unified Payments Interface (UPI) touched a record high of Rs 24.77 lakh crore in March, recording a growth of 12.7 per cent over the...

UPI transactions in Jan surpass 16.99 billion, highest recorded in any month

UPI remains the cornerstone of India's digital payment ecosystem, contributing to 80 per cent of the retail payments across the country New Delhi: UPI transactions in January surpassed 16.99 billion and the value exceeded Rs  23.48 lakh crore, marking the...

Walmart’s PhonePe starts preparations for a public listing in India

The company was valued at $12 billion during its last funding round held in 2023 New Delhi: India's biggest fintech firm PhonePe has started preparing for its potential initial public offering (IPO) for listing on the country's bourses, the company...

Sebi proposes safe, efficient UPI payment mechanism for registered intermediaries

The Securities and Exchange Board of India (Sebi) has sought public comments on the proposals by February 21 New Delhi: Markets regulator Sebi on Friday proposed a new mechanism to ensure secure and efficient payments in the securities market through...

Flipkart expands Flipkart Pay with credit card bill payment feature

With this new offering, Flipkart further strengthens its Recharges and Bill Payments platform New Delhi: Flipkart, India’s leading e-commerce marketplace, has introduced a credit card bill payment feature on Flipkart Pay, further strengthening its position as a comprehensive digital payment...

Paytm to focus on merchant services in overseas foray, expects to be profitable by June

The company has set up three overseas step-down subsidiaries of Paytm Cloud Technologies in the United Arab Emirates, Saudi Arabia and Singapore New Delhi: Fintech firm One97 Communications, which owns the Paytm brand, will primarily focus on financial services for...

NPCI International partners with Magnati to expand UPI acceptance in UAE

The collaboration aims to expand the QR-based merchant payment network in the UAE by enabling more merchants to provide UPI as a payment. New Delhi: NPCI International Payments Limited (NIPL) on Wednesday announced a partnership with UAE-based payment solution provider...

The future of digital wallets in India’s retail ecosystem

The rapid adoption of digital wallets in India is revolutionising shopping, transactions, and financial management, driving a major shift toward a cashless economy Digital wallets have transformed the way people in India shop and transact. As more consumers embrace cashless...

UPI transactions rises 8% to 16.73 bn in Dec: NPCI data

In November, the UPI transaction count was 15.48 billion New Delhi: Transactions through the popular Unified Payments Interface (UPI) touched a record 16.73 billion in December, recording a growth of 8 per cent over the preceding month, according to data...

NPCI extends market cap deadline for UPI apps for another two years till 2026

This is the third time that the NPCI has extended the deadline New Delhi: In a relief to major players like PhonePe and Google Pay, NPCI has extended the deadline for implementing a 30 per cent volume cap on third-party...

WhatsApp Pay can now extend UPI Services to all users in India

Previously, NPCI had permitted WhatsApp Pay to expand its UPI user base in a phased manner New Delhi: National Payments Corporation of India (NPCI) has lifted the limit from onboarding UPI users for the third-party app provider WhatsApp Pay with...

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Home furnishings brand OBEETEE launches new outlet in Ahmedabad

Located at Bodakdev, the new outlet is the only OBEETEE store to house its complete furniture range Bengaluru: Handcrafted carpets...
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