digital payments

LIC’s New Proposal Is Eye-Popping For Digital Payment Companies in India

One of India’s largest and oldest insures LIC aka the Life Insurance Corporation of India has brought forward an opportunity of a lifetime for all the digital payment processing entities in India. In order to digitise and ease the payment...

Reliance Aims To Launch Its Own Version Of UPI-Like Payments Network With Google And Facebook!

The mammoth tech-petroleum conglomerate Reliance aims to create its own version of UPI! According to the latest news, the Mukesh Ambani led RIL has partnered up with internet giants Google and Facebook to set up a "New Umbrella Entity" aka...

New RBI Guidelines Force You To Memorise All Of Your Card Details

It's time to get your brain prepped to do some much-needed homework and commit to memory the 16-digit numbers from all of your debit/credit cards! Why? Because the Reserve Bank of India’s newly issued guidelines might not leave you with...

New Norms For Digital Payments Processors: RBI Wants Them To Improve Security And Compliance!

In a bid to improve governance, India’s central bank has decided to tighten the norms around security and compliance for banks and fintech companies. Aiming to help improve on factors such as security, control and compliance, the Reserve Bank of...

Post-COVID, SMBs To Now Face Build vs Buy Dilemma For Digitisation!

Small retailers and businesses survived the global pandemic that plagued 2020 on the back of rapid digitisation by relying on platforms which helped them power e-commerce, deploy touchless payments and so much more.  But, now that we have entered into...

Exclusive: PhonePe Raises ₹5,000 Crore At A Valuation of ₹45,000 Crore

The digital payment company PhonePe has raised Rs 5,000 crore (approx $690 million) in a fresh round of funding. After the new round of investment, the company is now valued Rs 45,000 crore (post-money valuation) that will help the...

Google Pay Fee On Instant Transfer: An Indication Of Google’s Aggressive Monetisation Strategy?

Google has decided to levy fee on instant payment, starting from the US market. A few days back, Google rolled out a highly revamped version of its payment app Google Pay in the United States. But, it doesn’t come without...

MobiKwik Takes A Dig At Paytm After The Recent App Ban

The ongoing China-India border tension is resulting in more apps getting banned, and every time that happens the Indian startup unicorn Paytm comes under attack, either directly or indirectly. This time the arch-rival of Paytm, MobiKwik has taken a dig...

Ajit Doval Bears Down On Digital Payment Platforms in India

The grass really isn’t always greener on the other side. With the hoopla and convenience that Digital Payment platforms in India have afforded the customers, it has also come out as the perfect exponent of being two-edged swords. The National...

India To Account For 2.2% Of The Global Digital Payment Market by 2023 [REPORT]

The global digital payment market is estimated to grow at 23.8% CAGR in the next five years to become a $12.4 trillion market by 2025. India, one of the fastest-growing internet and smartphone markets in the world, will play...

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Flipkart Acquires 100% Stake In Cleartrip To Diversify Its Offerings!

In a bid to increase the diversification of its offerings, Flipkart is all set to acquire a 100% stake...