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RBI proposes alternative methods for authentication of digital payments, in addition to SMS-based OTP system

The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechan…

ANI   


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BharatPe acquires 51% stake in Mumbai-based NBFC Trillion Loans

BharatPe Group has acquired a controlling stake in Mumbai-based NBFC Trillion Loans, a provider of …

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2 mins read

Size does matter: Debit cards for large payments & UPI for smaller ones

Indians have gotten habituated to fishing out their phones instead of cards, and that’s been fuelli…

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2 mins read

Amid Paytm Payments Bank crisis, Google announces expansion of Soundpods across India

Fintech firm Google Pay Thursday announced the expansion of soundpods for merchants across India to…

PTI   


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A lot of money is flowing into making 'smart' billing machines in India

The Indian government has set ambitious goals for the country to become a cashless economy. And pus…

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2 mins read

Payments firm Pine Labs raises $600 million as it plans to go public by 2022

Pine Labs has closed a $600 million funding round, as it targets to go for an initial public offeri…

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India’s debit card transactions fall but credit card spends rise further

A look at India’s spending pattern in the first half of 2023 (January to June), reveals an interest…

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2 mins read

MSwipe a nine-year old point-of-sale startup reveals that it has broken even while denying a report that it is up for sale

But Mswipe has now denied the report and, in the process, revealed that the firm has already bro…

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1 min read

Card swiping machines are selling like hot cakes, demand to increase multifold

"We have placed an order for more than 40,000 terminals and will be increasing that number subseque…

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4 mins read

Now RBI Wants Aadhaar Validation For Card-based Transactions

Aadhaar is finally getting its teeth into key financial transactions, going by the central bank’s t…

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3 mins read

Pine Labs is not worried about Paytm – and aims to double down on PoS transactions in a year

Merchants payments platform Pine Labs, which sells point-of-sale terminals, knows the segment is ge…

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1 min read

Pine Labs plans to deploy 1.5 lakh Android POS devices by next fiscal

"Merchants across large, medium and small enterprises have chosen Plutus Smart as their preferred m…

PTI   


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3 mins read

Digital payments in India touch Rs 38.3 lakh cr at over 23 bn transactions

The Unified Payments Interface (UPI), debit and credit cards, prepaid payment instruments like mobi…

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4 mins read

Now, tourists from G20 countries will get to use UPI instead of cash in India

RBI announced that inbound travellers to India from G20 countries will be able to use UPI for merch…

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2 mins read

Government Asks PSU Banks To Issue RuPay Debit Cards To Customers, Install POS Terminals

For the first time in their 30-year existence, Visa and MasterCard, the world's largest payment com…

Economic Times   


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India saw 20.5 billion online transactions worth ₹36 trillion in Q2: report

The online transactions were processed through debit and credit cards, prepaid payment instrumen…

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4 mins read

Radiant Cash Management Services IPO opens on Dec 23; price band at ₹94-99 per share

Radiant Cash Management Services, a Chennai-based cash logistics player, will open its initial publ…

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2 mins read

From average 5 lakh to 1.2 million per day, digital transactions have gone up by 25%, thanks to demonetisation

"From month on month, now we are checking weekly growth data which is showing a jump of around 5 pe…

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4 mins read

UPI is India’s favourite payment mode with transactions worth ₹30.4 trillion in April-June, says report

UPI is India’s favourite payment mode with transactions worth ₹30.4 trillion in April-June, says re…

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2 mins read

Shout out to restaurateurs! Manage food bills, employees, customers on your finger tips

He had invested Rs 20 lakh on his café and was expecting returns up to Rs one lakh every month. But…