Digital Payment Latest News, Photos and Videos

WhatsApp to launch payments service in India after Brazil blow

Business | Jun 25, 2020, 11:03 AM IST

After Brazil suspended newly launched WhatsApp’s payments service to “preserve competitive environment” just after a week of its launch, the Facebook-owned messaging platform said it is committed to launching the digital payment service in India, a process that has been in the works since over two years now.

MobiKwik sees growth returning by Aug-Sep, to hire 100 people in FY21

Business | Jun 21, 2020, 08:28 PM IST

Fintech major MobiKwik on Sunday said it expects to get back to growth trajectory around August-September as digital transactions pick up at offline retailers, and demand in categories like travel returns.

Digital payments fraud concerns up in India amid COVID-19

Business | May 13, 2020, 03:00 PM IST

Almost half of Indian consumers are more concerned about digital payments fraud now than when COVID-19 first emerged, said a survey on Wednesday. Nearly one third have been recent victims of card or digital payments fraud or know someone among their immediate family or friends who has, said the study conducted by YouGov and US-based electronic payments company ACI Worldwide.

42% Indians say have increased use of digital payments during lockdown: Report

India | Apr 14, 2020, 05:00 PM IST

The nationwide lockdown has benefited digital payment platforms as 42 per cent Indians have increased the use of digital means for payments in the last three weeks, a report said.

Hefty fine for not using digital payments by January 31, 2020

Business | Dec 31, 2019, 02:49 PM IST

Shops, business firms or companies with an annual turnover of Rs 50 crore or more and required to provide digital payment facilities to customers as part of government's stride towards a less-cash economy, will not have to pay any penalty till January 31 for not installing the system.

Want to shop for Rs 10,000? RBI proposes new prepaid card for digital transactions

Business | Dec 05, 2019, 03:17 PM IST

The Reserve Bank on Thursday proposed to introduce a prepaid payment instrument (PPI) that could be used only for transactions of goods and services worth up to Rs 10,000. PPIs have been playing an important role in promoting digital payments and bringing in the new PPI will further facilitate its usage, as per an RBI statement issued post announcement of the monetary review on Thursday.

Paytm, PhonePe Users Alert! RBI to set up internal

RBI to set up internal ombudsman for digital payment service providers

Business | Oct 14, 2019, 03:28 PM IST

Use of mobile wallets or digital payment has been grown rapidly in the past few months. Following which, the Reserve Bank of India (RBI) is to set-up an internal ombudsman for digital payment or mobile wallet service providers, including Paytm, PhonePe, Amazon Pay and others.

NPCI reduces merchant discount rate on RuPay debit cards

Business | Sep 13, 2019, 09:32 PM IST

The card-based QR transactions (Bharat QR) MDR also has been reduced to 0.50 per cent with a maximum cap of Rs 150 per transaction, to boost asset lite infrastructure for digital payments.

BHIM UPI user ALERT! Digital payments to get cheaper, ZERO

Alert! Are you BHIM UPI user? Then here's good news for you; check details

Business | Sep 01, 2019, 06:51 AM IST

BHIM UPI Charges: In a move to boost digital payments in small and large merchants' transactions across the country, National Payments Corporation of India (NPCI) has revised BHIM UPI charges for large ticket transactions.

Digital payments growing in India at 12.7% CAGR: KPMG

Business | Aug 29, 2019, 06:02 PM IST

A KPMG report said that the mobile payment revolution in the country has led to a boom in the number of merchants adopting digital payments with close to 1.5 million digital payment acceptance locations in 2016-17. Besides, the number of merchants accepting digital payments modes has increased to over 10 million in a short span of two to three years.

Wary of fake apps, many shopkeepers shy away from digital payment

India | Jul 04, 2019, 10:20 PM IST

With the growing popularity of payment apps based on Unified Payments Interface (UPI), a subsidiary of National Payments Corporation of India (NPCI), scamsters are on the hunt. The phenomenon of fake Paytm apps ripping off shopkeepers has become frequent in recent times.