Page 2 - Payments

Real-time payments expected to boost India's GDP by $45.9 bn in 2026

The widespread adoption of real-time payments resulted in estimated cost savings of $12.6 billion for Indian businesses and consumers in 2021

Had to pivot many times due to changing rules: NTT Data Payments Svcs CEO

In a Q&A Dewang Neralla dwells on the journey of being an early mover in fintech, innovation in payments and leveraging its data

Biryani, BSE and bills: All about a billion Razorpay transactions in FY22

One of the takeaways from data analysis is that trading activity grew 247% over previous financial year

Future Retail CEO Sadashiv Nayak quits; group entities default on payments

Future Retail is locked in legal battles with US retail major Amazon and has already become a non-performing asset NPA in the current quarter

Digital Rupee with specific end use to improve efficacy: Deloitte

Digital Rupee can play a big role in reducing the cost of cash since the country India has a relatively large proportion of cash in circulation as a percentage of GDP compared to other countries

Ukraine crisis: Payments stopped, Russian firms pressure Indian banks

Banks await RBI, govt's advisory on transactions with Russian companies

Auto-debit payment bounce rates in January lowest since August 2019

Bounce rate has been trending downwards since July 2021, as the second wave of the pandemic receded.

Offline digital payments: What does it mean, and how does this work?

Proximity payments have got a huge leg-up. Tap-and-pay will now be on steroids

For Revolut, payments to be gateway to digital banking licence in India

In the first phase, it plans to launch an offering in the payments segments such as remittances, which has been the flagship offering of the company globally

Google-backed Dotpe adds 55,000 merchants across country in past 20 days

Has not only managed triple-digit growth, but its retail merchants have clocked 139% spurt in orders; firm has already onboarded 7.5 million retailers across tier-1, 2 and 3 cities

There is ambiguity over what is called BNPL: Juspay Technologies CEO

'The impact of tokenisation extends to the entire payment ecosystem', said Vimal Kumar

Visa profit beats quarterly estimates on higher travel, online spending

The world's largest payments processor reported transactions rose 21% to $47.6 billion during the quarter compared with a year earlier

IPO-bound India1 Payments aims to deploy 20,000 ATMs in next 4-5 years

It is the second largest ATM brand in the semi-urban and rural areas after State Bank of India (SBI)

Our mobility card may be better than OysterPay: PayCraft's Ambarish Parekh

'We are implementing a mobile-based QR payment in offline mode in one of our upcoming Metro projects', said Parekh

Digital cash can prevent accidents on the $19 trillion FX highway

CLS is good at preventing mishaps in the foreign-exchange market. The trouble is, it handles only 18 major currencies

RBI caps upper limit of offline payment transaction at Rs 200

An offline payment means a transaction not requiring internet or telecommunication (telecom) connectivity to take effect

Insufficient balance, wrong PIN top reasons for failed digital transactions

Only 1.7 per cent of transactions are declined due to technical reasons such as connectivity issues.

Paytm Lending CEO gets additional role to lead offline payments vertical

The fintech company has elevated Bhavesh Gupta, CEO, Paytm Lending to take on leadership for the offline payments vertical in addition to his existing responsibilities

Physical, digital financial services to co-exist in India: SBI chairman

On the emergence of the co-lending model in India, he said it is an essential mechanism which was initially meant for establishing connections with the last mile

Banks want more time to meet card-on-file tokenisation norms

Tokenisation is the process of replacing the debit and credit card numbers with a set of characters or tokens