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UPI takes lead, while COD stays strong in tier 2, 3 cities

Despite the digital boom, Cash on Delivery (COD) continues to dominate in tier 2 and 3 cities, where trust in online payments is still developing.IndiaRetailing Insights: In India’s rapidly evolving retail and payment landscape, the Unified Payments Interface (UPI)...

Paytm arm approves sale of stake in Japanese firm Paypay valued around Rs 2,000 cr

Paytm holds a 7.2% stake in PayPay Corporation.New Delhi: Fintech firm One97 Communications, which owns the Paytm brand, has approved the sale of a stake in Softbank group's fintech firm PayPay Corporation, the company said in a regulatory filing...

UPI Lite: RBI raises limit of wallet to Rs 5,000, per transaction to Rs 1,000

UPI Lite transactions are offline to the extent that an Additional Factor of Authentication (AFA) is not required, and transaction alerts are not sent in real-timeNew Delhi: The Reserve Bank on Wednesday increased the UPI Lite wallet limit to...

Paytm UPI goes global; app users can make payments at select international locations

Indian travelers can now use their Paytm app at destinations where UPI is accepted, including popular spots in the UAE, Singapore, France, Mauritius, Bhutan, and NepalNew Delhi: One97 Communications (OCL), that owns Paytm brand, on Tuesday said Paytm users...

VasyERP launches V-checkout, a counterless self-checkout solution 

With this, VasyERP aims to revolutionize festive shopping in India New Delhi: Gujarat-based cloud-based ERP platform VasyERP has introduced V-Checkout, a self-checkout system that promises to ease the shopping experience during India’s bustling festive season, a release by the company said...

UPI transactions volume rises 52% to 78.97 billion in Jan-Jun: Report

In its India Digital Payments Report for the first half of 2024 (January to June), payment technology service provider Worldline said on Thursday that UPI continues to rule the payment market and is rapidly expanding its reach.New Delhi: Indian instant...

Mastercard collaborates with Boat

The collaboration will enable Mastercard cardholders to enable the tap and pay functionality on their Boat smartwatch Bengaluru: Indian audio wearables brand Boat has collaborated with multinational payment card services corporation Mastercard to enable tap and pay functionality on its...

Zoho launches payment gateway

Zoho Payments is a product of Zoho Payment Technologies, a wholly-owned subsidiary of Zoho CorporationNew Delhi: Global technology firm Zoho on Thursday launched Zoho Payments, a unified payment solution to enable businesses to securely accept payments from their customers...

We are now focusing on making UPI, RuPay truly global: RBI Guv Das

Das said strengthening financial infrastructure, including cross-border payment systems, will be key focus areas as IndiaNew Delhi: Reserve Bank Governor Shaktikanta Das on Wednesday said the central bank is focused on making the UPI and RuPay 'truly global' and...

Flipkart unifies its payment and fintech offerings as Flipkart Pay

Flipkart Pay will include Flipkart UPI, recharges and bill payments, Flipkart Pay Later, Flipkart Axis Bank co-branded credit card, insurance, gift cards, and EMIs Bengaluru: Homegrown e-commerce marketplace Flipkart has consolidated its bouquet of financial and payment offerings on the app...

Paytm partners with Axis Bank to offer POS solutions, card payment devices

Through this partnership, Paytm expects its technology to reach a wider merchant base via Axis Bank, thereby enhancing the capabilities of both entitiesNew Delhi: Fintech firm One 97 Communications, which owns the brand Paytm, has partnered with Axis Bank...

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...

Flipkart expands digital payment offerings with five new categories

The expansion includes recharge and bill payment categories, including FasTag, DTH recharges, landline, broadband, and mobile postpaid bill payments, on the Flipkart appNew Delhi: Indian e-commerce major Flipkart on Wednesday said it has partnered with payment solutions company BillDesk...

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...

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Zepto achieves 120% revenue growth in FY24, reports strong financial performance

Zepto reduced its absolute losses, with PAT as a percentage of revenue improving significantly from -63% in FY23 to...
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