Digital Payments

Paytm Reports 3X growth In Transactions During 12/12 Festival

Alibaba-backed digital payments unicorn Paytm has registered 3x advancement in transactions throughout offline service provider partner stores during the second edition of its 12/12 competition. Held on December 12, the purchasing competition was aimed at driving income for offline service provider partners accepting Paytm. As for each the company’s official assertion, the 12/12 competition contributed…

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After Paytm, PhonePe Partners With SafeGold To Sell Digital Gold

Flipkart-owned electronic payments system PhonePe has solid a partnership with SafeGold to start a electronic gold merchandise. As for every the official statement, consumers will now be in a position to invest in and market certified 24-karat gold by means of the PhonePe app. The enhancement comes approximately eight months following rival Paytm unveiled a…

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Global Digital Payments Startup Stripe Kicks Off Private Beta In India

San Francisco-centered payments startup Stripe is established to launch in India. Anand Balaji, previous Amazon India government who was brought in very last year to lead functions and make a localised product or service broke the news about kicking off Stripe’s private beta in India on the official blog. Anand stated, “Today, we’re starting up…

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UPI Transactions Jump By 38% To 105 Mn In November: NPCI

Following clocking 76.8 Mn transactions in Oct, the Unified Payments Interface (UPI) hit a file large of 105 Mn transactions final thirty day period. According to knowledge introduced by NPCI (Countrywide Payments Corporation of India), the in close proximity to 38% leap has mainly been due to the elevated adoption of UPI centered electronic payments…

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How YES BANK Is Banking On Startups From YES FINTECH Accelerator

It’s been a hectic two days for the innovation programme of Of course Financial institution – Of course FINTECH. At the ISME Ace in Lessen Parel, Mumbai, the leading management of Of course Financial institution have been hectic listening to pitches of in excess of 30 startups on Nov 21 and Nov 22 as they…

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Government Permits Digital Payments For Charging Of Electric Vehicles

In a bid to make sure rapidly and sleek adoption of electric autos, the Federal government of India has declared that buyers will be permitted to pay out for the charging of EVs as a result of electronic payments solutions as BHIM app and Bharat QR Code. As for each sources, the final decision has…

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Paytm Teams Up With ICICI Bank To Offer Short Term, Interest Free Loans

Mumbai-headquartered banking and money providers corporation, ICICI Lender, has partnered with Paytm to start a limited-time period, interest-absolutely free credit history line aptly referred to as Paytm-ICICI Lender Postpaid. As stated in a blogpost, the freshly-solid alliance with ICICI will allow the electronic payments system to supply instant financial loans to customers below its “Get…

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RBI Invites Discussions On The Newly Instituted Digital Payment Norms

A month soon after releasing stricter pointers on the issuance and operation of Prepaid Payment Instruments (PPIs), the RBI has invited notable bankers to deliberate around the affect the newly-instituted norms would have on the country’s electronic payment sector. In a move to introduce interoperability in between PPIs, the Reserve Bank of India just lately…

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10 Indian Startup News That You Don’t Want To Miss This Week [06 -11 Nov]

We provide you the weekly dose of critical Indian startup information of the 7 days. When yet again newsmakers in the Indian startup ecosystem ended up ecommerce behemoths Flipkart and Amazon. Flipkart took a strategic phase and piloted its on the web groceries classification in Bengaluru and announced to start its very own Smartphone Billion…

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