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Amid Paytm Payments crisis, Google Pay announces expansion of Soundpods

The development comes at a time when RBI has ordered Paytm Payments Bank Limited (PPBL) to stop accepting any money after March 15 for transactions. New Delhi: Fintech firm Google Pay Thursday announced the expansion of sound pods for merchants...

RBI asks Visa, Mastercard to stop card-based commercial payments

The development comes on the heels of the RBI initiating regulatory actions against Paytm Payments Bank New Delhi: The Reserve Bank has asked international payments major Visa and Mastercard to stop card-based commercial payments made by small and large businesses...

Paytm sees Rs 300-500 crore blow with disruption of Payments Bank services

The central bank on Wednesday barred PPBL from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024 New Delhi: Fintech firm Paytm sees an impact of Rs 300-500 crore on...

Paytm to invest Rs 100 cr in GIFT City

New Delhi: Fintech firm One97 Communications, which owns Paytm brand, plans to invest Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem, the company said on Wednesday. The company will make the investment...

Mandatory linking of e-invoice with e-way bill may cause operational disruption: Experts

The move was initiated after the mismatch in e-way bills and e-invoice statements was noticed in several cases Kolkata: Mandatory linking of e-invoice with e-way bill, applicable from March 1 for certain types of transactions, may cause disruption in operation...

UPI, Credit to further drive digital payments in e-commerce: Experts

According to experts speaking at the Internet Commerce Summit, international adoption of UPI, increase in transaction limits and credit offered by e-commerce players are the hallmarks of the digital payments evolution Bengaluru: Notable changes are on the cards for Unified Payments...

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

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...

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

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...

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

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...

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

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...

PayU India to power payments on WhatsApp Business

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...

Razorpay acquires digital invoicing startup BillMe

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...

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

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,...

Paytm unveils indigenously made soundbox with card payment option

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...

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Mahindra Logistics profit falls 55% to Rs 10.15 crore in April-June

The revenue during the quarter under review, however, rose 10 per cent to Rs 1,156.66 crore from Rs 1,050.92...
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