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Consumer Durables & IT

Consumer electronics startup Seven launches 7 Ring, a wearable payment solution

Indiaretailing Bureau -
7 Ring is an open-loop contactless payment wearable solution powered by the RuPay network New Delhi: Homegrown consumer electronic startup Seven has unveiled a new smart ring called 7 Ring, a contactless payment solution device, the company announced in a...
Latest News

Paytm narrows loss to Rs 292 crore in Jul-Sept qtr

PTI -
Paytm's contribution profit grew 69 per cent during the reported quarter to Rs 1,426 crore from Rs 843 crore in September 2022 New Delhi: Fintech company One97 Communications, which operates under the Paytm brand, on Friday reported a narrowing of consolidated...
In Focus

Alternative payments account for 60% of e-commerce market in India: Report

Indiaretailing Bureau -
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...
Payments

Digital payment via UPI spikes on person-to-merchant transaction growth: Report

PTI -
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 transactions New Delhi: Digital payment through Unified Payments Interface (UPI) has seen a multi-fold jump...
fintech

PayU India to power payments on WhatsApp Business

Indiaretailing Bureau -
PayU will offer 150+ payment options, including cards, UPI, and net banking, all directly within the WhatsApp platform without the need for redirection New Delhi: Payment solutions provider PayU has announced its partnership with WhatsApp to provide online payment experiences...
Latest News

Razorpay acquires digital invoicing startup BillMe

PTI -
Founded in 2018 by Kuber Pritmani, Jai Hemrajani and Rupam Jain, BillMe has served over 4,000 businesses and 15,000 retail Points Of Sale  New Delhi: Fintech platform Razorpay on Tuesday said it has acquired Mumbai-based digital invoicing and customer engagement startup...
Payments

G20 nations commit to promote faster, transparent cross-border payments

PTI -
The leaders committed to achieving global targets for faster, cheaper, more transparent and inclusive cross-border payments by 2027 and welcome the initiatives undertaken by international organisations in this direction New Delhi: The G20 nations on Saturday resolved to promote faster,...
fintech

Paytm unveils indigenously made soundbox with card payment option

PTI -
The company has deployed soundbox at around 8.5 crore point of sales and expect to match the same pace of deployment for the new devices. New Delhi, Sep 4 (PTI) Fintech firm Paytm on Monday launched a soundbox device that lets...
In Focus

Tapping into the co-branded retail credit cards in India

Shiv Joshi -
The top four banks in India claim 75% share of the country’s credit card market offering more than 70 co-branded credit cards. To learn more about the top cards launched with retail brands, swipe down… New Delhi: According to credit...
Latest News

Simpl introduces AI-powered checkout suite to minimise CoD losses

Indiaretailing Bureau -
Simpl aims to replace CoD with an alternate system by working with ecosystem partners and through its AI-powered offerings Bengaluru: Checkout network Simpl has introduced artificial intelligence (AI) enabled checkout suite with an aim to reduce losses from cash on delivery...
Latest News

Paytm monthly users increase by 19% to 9.3 crore

PTI -
Payment volumes for merchants or Gross Merchandise Values (GMV) rose 39 per cent on-year at Rs 1.47 lakh crore New Delhi: Fintech company Paytm on Thursday said its average monthly users rose by 19 per cent on-year to 9.3 crore. Merchant subscriptions...
Latest News

PhonePe launches one-stop POS solution for merchant partners

Indiaretailing Bureau -
The device will enable merchants to accept payments via debit cards, credit cards and UPI and it is built on the Android platform New Delhi: Walmart-owned digital payment company PhonePe has launched a point-of-sale (POS) device that will enable merchants to...
Latest News

PayU India biz grows 31 pc to $399 million in FY23

PTI -
The Dutch investment firm recognised a loss of $77 million on account of losing influence on BYJU'S New Delhi: Fintech firm PayU India's business grew 31 per cent to USD 399 million in FY23, its parent Prosus said on Tuesday. The Dutch...
Payments

Amazon Pay accepts Rs 2,000 notes during doorstep delivery

PTI -
In order to avail the facility, customers have to complete video KYC on the Amazon app, which takes about 5-10 minutes New Delhi: Amazon customers can now use their Rs 2,000 notes to top up their Amazon Pay balances during...
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E-CommerceIndiaretailing Bureau -

ONDC announces Build for Bharat initiative 

The initiative intends to tap into India’s technological and entrepreneurial potential with an expected participation of over 2,00,000 participants...
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