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Posts Tagged ‘ BHIM ’

Budget 2017: BHIM at centre stage, not digital payment startups

Wednesday, February 1, 2017 | More »

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Union budget 2017 has clearly put the spotlight on digitisation, but that hasn’t really got players in the digital payment space excited as they feel the government’s emphasis is on promoting its own BHIM app rather than strengthening the entire ecosystem. In his budget speech, finance m...

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Budget 2017: Govt goes the whole hog on digitisation

Ever since the Modi government came to power in 2014, union budgets have had a sharp focus on digitisation and infusion of technology in everyday life. With budget 2017, comes as it on the back of a decisive cashless push, the government has indeed gone the whole nine yards—it appears “digit...

1 February, 2017 | More »

In U-turn, NPCI tells PhonePe to adhere to UPI norms

In U-turn, NPCI tells Flipkart’s PhonePe to adhere to UPI norms

Making a U-turn in the tussle between private-sector lender ICICI Bank and Flipkart’s digital wallet PhonePe, National Payments Corporation of India (NPCI) on Friday said PhonePe doesn’t adhere to interoperability norms of the Unified Payments Interface (UPI). NPCI, the umbrella organisation...

20 January, 2017 | More »

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ICICI Bank rejects NPCI call to unblock PhonePe

The tussle between ICICI Bank and online retailer Flipkart’s digital wallet, PhonePe, isn’t likely to end soon with the private-sector lender again refusing to allow transactions through the payment app. The latest refusal comes after National Payments Corporation of India (NPCI), an umbrell...

20 January, 2017 | More »

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The next big disruption is coming

‘Discipline’ was the defining word for the venture capital community in 2016. Even as early stage investments kept pace throughout the year, the number of late-stage VC funded startups reduced substantially. According to VCCEdge data, VC firms invested $1,355 million across 928 deals in 2016 as ...

16 January, 2017 | More »

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Will digital wallets survive the UPI onslaught?

In the last two months that demonetisation has dominated dinner-table conversations, digital wallet Paytm has had a dream run, clocking unprecedented numbers. TechCircle recently reported that Hero Corporate Services chairman Sunil Munjal was reportedly looking to buy a stake in the digital wallet f...

6 January, 2017 | More »

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BHIM app review: Simple, secure and intuitive

It’s not even been a week since the BHIM (Bharat Interface for Money) app was launched by Prime Minister Narendra Modi, and it has already crossed 3 million downloads. It has also facilitated half a million transactions, according to a tweet by NITI Aayog chief executive officer Amitabh Kant. ...

4 January, 2017 | More »