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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
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 …
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…
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
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…
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…
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…
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…
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…
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…
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…
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
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…
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…
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
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…
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…
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…
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…
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…