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Digital payments

Chennai city ranks among top 5 in digital payment transactions in 2022: Report

Bengaluru emerged on top with 29 million transactions worth $65 billion followed by New Delhi 19.6 million transactions worth $50 billion Chennai: Chennai has emerged as one of the top digital payment transactions cities in 2022 in the country, a...

How digital payments are driving India’s e-commerce

The rampant increase in smartphone users and easy accessibility to the Internet are some major boosters for this expansion. Keeping in line with the Digital India movement, more and more companies are building a presence online to reach the...

Walmart pays most of tax bill arising from shifting of PhonePe headquarters to India

Walmart Inc and other PhonePe shareholders faced nearly USD 1 billion as capital gains tax after the digital payments company shifted its headquarters to IndiaNew Delhi: US retail giant Walmart has paid the taxes arising from the shifting of the...

PhonePe completes separation from Flipkart

After the complete separation of Flipkart and PhonePe, both entities will continue to operate under US-based retail giant WalmartNew Delhi: Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a...

Privately-owned new umbrella entities to disrupt retail payment space in India: Report

The approval of new umbrella entities (NUE) licensing by the Reserve Bank of India (RBI) will lead to increased private participation in the Indian digital payments space, which is currently dominated by state-owned National Payments Corporation of India (NPCI)...

COVID-19 accelerates shift to digital payments in Singapore, says GlobalData

The COVID-19 pandemic has accelerated Singapore's push to digital payments, with rise in card payments and decline in cash usage, according to GlobalData, a leading data and analytics company. GlobalData estimates total card transactions (POS and ATM) in Singapore to...

Transacting Safely in Times of Coronavirus: How the pandemic has fuelled digital payments

The novel coronavirus (COVID-19) outbreak has traversed around the globe and has infected over 1.7 million people. What started as a supposed epidemic quickly emerged into a pandemic, leading to a public health and economic crisis of epic proportions....

74 pc Indian consumers to prefer digital payments in 6-9 months: Report

Around 74 percent of consumers in India will prefer carrying out payments through the digital medium in the next six to nine months, according to a report by Capgemini Research Institute. The change comes in view of the coronavirus pandemic....

Digital payments to jump 45 pc and hit US$ 6.7 trillion value by 2023

Coronavirus has caused a significant impact on the way consumers shop and make payments. With social distancing rules in place, many of them have embraced contactless payments and digital wallets as a safer way to manage their money. According to...

42 pc Indians have increased use of digital payments in lockdown: Report

The nationwide lockdown has benefited digital payment platforms as 42 percent Indians have increased the use of digital means for payments in the last three weeks, a report said. As per a PTI report, buying essentials and mobile recharges...
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Smartsters opens shop-in-shop store at Crossword in Pune

Currently, the company plans to open over 10 shop-in-shop locations pan India Bengaluru: Kids’ furniture brand Smartsters has launched its...
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