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Posts Tagged ‘ online payments ’

Why Freecharge badly needs a recharge

Thursday, October 13, 2016 | More »

Freecharge-Investment_Shah-Junaid2
The news report last week that Japanese telecom and internet conglomerate Softbank Group Corp is in talks to invest in FreeCharge was the third in as many months speaking of fund-raise efforts by ecommerce company Snapdeal for its digital payments arm. Around a month ago, two people in the know of d...

Citrus

Online payments firm PayU to buy rival Citrus Pay for $130 mn

Online payments company PayU, owned by South African Internet conglomerate Naspers, has agreed to buy Mumbai-based rival Citrus Pay for $130 million (Rs 865 crore) in one of the largest takeover deals in India’s nascent but rapidly growing fintech sector. The deal will increase PayU’s India cust...

14 September, 2016 | More »

Jitendra-Gupta,-Founder,-Citrus-Pay4

Naspers set to acquire Citrus Pay for up to $180 mn

South African media and Internet conglomerate Naspers Ltd is set to acquire Mumbai-based online payments company Citrus Payments Solutions Pvt. Ltd in an all-cash deal, at least two media reports said. The deal size could be between Rs 1,000 crore and Rs 1,200 crore ($150-180 million), according to ...

8 August, 2016 | More »

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Digital Payments: Pursuit of the Holy Grail

The brief lull in e-commerce interest since the start of 2012 seems to have driven people to focus on ways to expand the market as opposed to merely spending more marketing dollars to gain wallet share of the existing base of users transacting online. An area garnering considerable interest from e-c...

11 June, 2012 | More »

Online Payments & Loyalty Conference: A Ringside Look At Emerging Trends

A bustling e-commerce industry in India has naturally thrown up a vast market for e-payments. Although the presence of a huge consumer base without plastic money means new modes of offline payment have cropped up, e-payment is certainly the way to go as the market matures. Techcircle’s Online Paym...

2 February, 2012 | More »

Online Payments & Loyalty Conference: A Ringside Look At Emerging Trends

A bustling e-commerce industry in India has naturally thrown up a vast market for e-payments. Although the presence of a huge consumer base without plastic money means new modes of offline payment have cropped up, e-payment is certainly the way to go as the market matures. Techcircle’s Online Paym...

2 February, 2012 | More »

From L: Naveen Surya, M. Sukumar, Rajat Kathuria, SS Tarapore, Mayur Patel

Digital Payment Industry Needs Multiple Models To Push Financial Inclusion

The vast number of unbanked families, the growth of debit and credit cards and rising usage of prepaid cards is indicative of the potential for digital payments industry in India. Players in the ecosystem including prepaid card providers ItzCash Card and Oxigen Services India, banks such as HDFC and...

13 September, 2011 | More »

Online Payment Market Growing At 60-70%: Srinivasu MN, Director, BillDesk

On Tuesday, a media report said that American Express was planning to acquire a significant majority stake in one of India’s largest payment gateway BillDesk for Rs 600 crore. BillDesk, which offers online payment services for telephone bills, electricity bills, cell-phone bills, credit card bills...

2 August, 2011 | More »

One97 Enables DTH Recharge On PayTM

Mobile value added services firm One97 Communications Ltd’s subsidiary Paytm now allows DTH (Direct To Home) TV subscribers to pay for their services online. It has added the recharge facility for DTH services such as Tata Sky, Dish TV, Airtel Digital TV, Sun Direct, Reliance Digital TV and Vi...

7 July, 2011 | More »

Facebook To Launch Virtual Currency ‘Credits’ On July 1

Facebook has announced that it will introduce Facebook Credits, a new payment mechanism on the network for developers, from July. Facebook Credits will be in the form of virtual currency, and will be rolled out in 13 countries in Asia and Latin America, including India soon. With credits, users purc...

20 June, 2011 | More »