Reliance Jio deepens fintech play with PoS devices for merchants: Report

Binu Paul

Mukesh Ambani-owned Reliance Jio has reportedly expanded its presence in the fintech space by launching point-of-sale services ....

11 January, 2019

Amazon testing its own UPI handle for new payments product: Report

Vijayakumar Pitchiah

The payments arm of Amazon India has started testing its native unified payments interface (UPI) handle with a closed user group, ....

9 January, 2019
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PayPal India posts 12 times increase in revenue for FY18, loss up a bit

Dearton Thomas Hector

PayPal Payments Pvt. Ltd, the Indian arm of US-based digital payments company PayPal Holdings Inc., posted a little over 12 times ....

3 January, 2019

Indian banks record spike in cyber fraud cases

Anand J

As digital transactions continue to gain traction in India, the country’s central bank has said that there has been a 50% ....

3 January, 2019

Xiaomi launches payments service Mi Pay

Payal Ganguly

Device maker Xiaomi has entered the crowded digital payments space in the country by partnering with ICICI Bank and PayU India. ....

21 December, 2018

Drone makers, digital wallet companies unite to form industry lobby DICE

Payal Ganguly

Private sector stakeholders who represent businesses that straddle emerging technologies have come together to form an industry ....

12 December, 2018
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How Indian banks are using emerging tech to do more than just acquire customers

Shweta Sharma

In a bid to reduce costs, create product and service differentiation, and in turn, gain more market share in a crowded segment, ....

23 November, 2018

PhonePe lost nearly Rs 19 for every rupee in revenues for FY18

Vijayakumar Pitchiah

PhonePe Pvt. Ltd, the in-house payments arm of e-commerce major Flipkart, registered a 14-fold rise in revenues and incurred significant ....

30 October, 2018

Govt push, new tools to drive growth for digital payments in India: BCG report

Payal Ganguly

Rapidly developing economies such as India and China will drive innovation in payments services, according to a report released ....

23 October, 2018

Emerging tech has cut manpower costs by half: Lakshmi Vilas Bank’s Manikandan

Shweta Sharma

Chennai-based mid-sized private sector lender Lakshmi Vilas Bank is in the midst of introducing a new digital banking platform ....

8 October, 2018
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US firm FIS rates Immediate Payment Service as best global fin-tech innovation

Anand J

India’s Immediate Payment Service (IMPS) has been rated the best global fin-tech innovation this year by Fidelity National ....

27 September, 2018

Paytm says rival Google Pay may be using customer data for monetary gains

Payal Ganguly

Google Pay, the flagship digital payments platform of the US-headquartered software giant, is facing questions over whether it ....

21 September, 2018

Data localisation norms deter Apple from launching payments service in India

Shweta Sharma

Tech giant Apple has decided to put off its plans of launching a digital payments service based on Unified Payments Interface ....

6 September, 2018

WhatsApp may hire outgoing Amazon exec Jagannathan for India payments biz

Kavya Kothiyal

Sriraman Jagannathan, who recently resigned from the post of Amazon India’s fin-tech vice-president, may lead WhatsApp Pay ....

24 August, 2018

Google may rebrand Tez as Pay, to consolidate payments biz in India

Shweta Sharma

Tech giant Google is on the verge of renaming its payments platform in India Tez as ‘Pay’ and will bring it under ....

23 August, 2018

What's new as NPCI gives UPI an upgrade after two years

Payal Ganguly

The country’s umbrella body for digital payments on Thursday unveiled an upgraded version of its single-window mobile payment ....

16 August, 2018

PhonePe claims it’s the new king of UPI transactions

Binu Paul

PhonePe, the digital payments arm of e-commerce major Flipkart, claimed on Wednesday that it had overtaken rivals Paytm and Google's ....

1 August, 2018

WhatsApp sheds beta tag for payment service, ties up with two more banks

Shweta Sharma

Instant messaging platform WhatsApp has partnered with private-sector lenders HDFC Bank and Axis Bank to launch its payment services ....

1 August, 2018

Facebook eyes revenue from WhatsApp's payments service as India wait continues

Anand J

Facebook chief executive officer Mark Zuckerberg has said that the social networking giant’s instant messaging platform ....

26 July, 2018

WhatsApp updates privacy policy, may allow payments across UPI apps

Anirban Ghoshal

Facebook-owned instant messaging platform WhatsApp may soon start offering interoperability between other BHIM-UPI apps on its ....

25 June, 2018

Niti Aayog to launch countrywide UPI-like blockchain project

Shweta Sharma

The Indian government will soon float a blockchain project that will function like the unified payments interface (UPI) platform, ....

20 June, 2018