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Posts Tagged ‘ UPI ’

Flipkart-owned PhonePe crosses 10 million downloads in two months

Wednesday, January 11, 2017 | More »

PhonePe
Mobile payments entity PhonePe Internet Pvt. Ltd has crossed the 10 million downloads mark on the Google Play Store. The Flipkart-owned PhonePe, which launched its app based on the unified payment interface (UPI) platform about two months back, gained traction after the government’s demonetisation...

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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 »

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Paytm Payments Bank gets RBI’s final approval

Digital payments firm Paytm has finally got regulatory approval to launch its much-awaited payments bank. “Today, the Reserve Bank of India gave permission to formally launch Paytm Payments Bank. We can’t wait to bring it in front of you,” founder Vijay Shekhar Sharma wrote in a blogpost o...

3 January, 2017 | More »

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Govt to incentivise district administration to boost cashless payments

The government of India has introduced a series of measures to provide incentives to the district administration in order to boost cashless payments across districts, talukas, and panchayats. This comes at a time when there is a cash crunch after Prime Minister Narendra Modi abolished Rs 500 and Rs ...

5 December, 2016 | More »

Govind Rajan

We’ll focus on being a mobile payments firm, says FreeCharge’s Rajan

FreeCharge, the digital payments platform of Snapdeal, is increasingly playing an important role in the e-commerce company’s overall business strategy with both the entities cross-selling on each other’s platform. According to a Nielsen report, FreeCharge holds the second position– after P...

30 May, 2016 | More »

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It may not be a cakewalk for mobile wallet firms, warn panellists at Techcircle forum

Following the introduction of unified payments interface (UPI)—that empowers users to initiate payment requests from a smartphone without using credit or debit card and internet banking—by the Reserve Bank of India (RBI), mobile wallet firms have to collaborate with banks to remain relevant and ...

20 May, 2016 | More »