digital payments - Latest News, Analysis, Opinion

RBI guidelines for regulation of payment aggregators (PAs) requires their business to be regulated and run by a separate company, after obtaining the license from RBI.

Digital Payments Up 30.2 % In FY21: RBI Data

The Reserve Bank had earlier announced construction of a composite Reserve Bank of India - Digital Payments Index (RBI-DPI) with March 2018 as base to capture the extent of digitisation of payments across the country.

Paytm Looking To Launch Rs 16,600-Cr IPO By October

Paytm plans to earmark Rs 2,000 crore for business initiatives, acquisitions and strategic partnerships and up to 25 per cent of the total fund raised through the IPO for general corporate purposes.

Paytm Lending Biz Disburses 53 Times More Loans In Jan-Mar 2021 Over Last Year

Banking & Finance Regulations

Paytm disbursed 1.4 million loans in the fourth quarter of financial year 2020-21, almost 53 times higher than the number of loans (26,000) disbursed during the same period the previous year.

Contactless Payment Transactions See Big Growth

Avishek Banerjee

In the past eight to nine months, the Indian digital payments and payment gateways industry saw robust growth because of the outbreak.

Paytm Extends Deadline For Shareholders To Submit Documents For Share Sale To Jun 30

Paytm has plans to raise up to Rs 12,000 crore by issuing fresh equity for which it will seek shareholder's nod in an Extraordinary General Meeting (EGM) on July 12.

Online Donations Grow by 575% in Lockdown 2.0: Report

Year on year, there has been a 52 per cent increase in the number of transactions and a 76per cent increase in expenditure (May 2020 vs. May 2021).

Blockchain, Cryptocurrency Can Help Democratise Financial Services: PayPal CTO

The infrastructure we are building will not only support digital currencies, which we are already beginning to do, but the intent over time is to also support all of the central bank digital currencies as well, as a form of digital money

Challenges To India's Digital Payment Revolution

RAJEEV AGRAWAL

Several structural and technological challenges such as cyber-frauds, transaction costs, communication infrastructure, awareness and adoption need to be overcome to bring about the true realization of the potential of digital payments.

Paytm To Make Available 21,000 Oxygen Concentrators From May 1st Week

India is struggling with the second wave of the coronavirus infection and hospitals in several states are reeling under shortage of medical oxygen and beds in view of rising number of COVID-19 cases.

Making Digital Work For Women: Receive-Only UPI Handle Innovation

Sriraman Jagannathan

Banks also need to build capabilities of their last mile delivery agents such as Parvati’s Banking Correspondent, who can guide women users in the initial stages.

Paytm 30% Larger Than Nearest Competition In Digital Payments: Company's VP

PhonePe platform led in UPI transactions by recording over 975 million transactions. It was followed by Google Pay with over 88 million transactions.

RBI Extends Timeline To Comply With Directions On Recurring Online Transactions

RBI had directed all banks including RRBs, NBFCs, and payment gateways to comply with AFA for automatic recurring payment by March 31, 2021, in order to make digital transaction safe and protect customers from fraudulent transactions.

Automatic Recurring Payment To Comply With RBI Direction From April 1