Payments Systems

Paytm closes above Rs 1k mark after 3 yrs; firm value crosses Rs 64k cr

Shares of Paytm have rallied nearly 30 per cent in the past one month

Infibeam Avenues profit up 15.7% at Rs 41.4 cr on strong festive season

Meanwhile, the Gandhinagar-based company saw its revenue from operations more than double to Rs 911.9 crore in Q3 FY24, up from Rs 414.7 crore in Q3 FY23

EU suspends 'all payments immediately' to Palestinians post Hamas attack

European Union Commissioner Oliver Varhelyi said Monday the bloc is suspending all payments immediately to the Palestinians because of what he called the scale of terror and brutality during the attacks of Hamas against Israel. The surprise announcement by Varhelyi came just hours after EU officials stressed that no EU money whatsoever was going to Hamas in the first place and that contacts had been frozen for 16 years. The EU considers Hamas a terror group. Queries about what the move entailed and whether it would hit all humanitarian aid to Palestinians were not immediately answered. Varhelyi said that as the biggest donor of the Palestinians, the European Commission is putting its full development portfolio under review, which he said amounted to 691 million euros. It was not immediately clear what funds were included and excluded. Varhelyi said the measures include that all payments (be) immediately suspended. All projects put under review. All new budget proposals... postponed

Statsguru: Six charts explain the UPI's emerging growth challenge

There are more than 7 billion transactions every month using the payment system - more than five transactions for every man, woman and child in the country

Not in a hurry to launch CBDC; have to proceed carefully: RBI Guv Das

Central bank to consider findings of pilot projects before decision, he says

RBI to hold its first-ever hackathon, HARBINGER 2021, on payments system

The hackathon is inviting innovative ideas in the payment and settlement system, registration for which can be done till November 15

Airtel to lean on its 180 mn digital users to propel payments bank business

Airtel Payments Bank has a customer base of around 115 million with a monthly transacting user base of 31 million

Everything you want to know about CBDC

The central bank digital currency will neither substitute nor compete with cryptocurrency; it's just a wallet. Period

UPI logs record 3 bn transactions in July, riding on digital payments

The platform processed transactions worth Rs 6.06 trn in July, up 10.76 per cent from June

Hope to get buyer for consumer biz by Q4: Citi India CEO Ashu Khullar

Despite being a foreign bank, we move 7-10 per cent of the Indian payment systems, says CEO Khullar

UPI handled record 2.23 bn transactions, worth Rs 4 trn, in December

Payments system breached the 2-billion mark in volumes for the third time in December

Wirecard creditors claim at least 12.5 billion euros: German court

The claims were made at a meeting of the creditors

Banks, businesses debate decriminalising dishonouring of cheques

The government wants to change the law, more so in recent months as part of reforms helping business

Another regulatory spat: Govt must insist on independent payments regulator

Following certain recommendations of an inter-ministerial committee, an element of controversy seems to be brewing over the location and leadership of the proposed regulator

RBI releases framework on payments systems

Framework proposes to move India towards a cashless society