digital payments

Google has announced a significant change for its users in the United States - the discontinuation of the standalone Google Pay app. In a recent blog post, the tech giant revealed that the app will no longer be available after June 4, 2024. Instead, users are encouraged to migrate to Google Wallet, which will become the primary platform for managing digital payments and transactions.The decision to sunset the Google Pay app comes with implications for users accustomed to its features. Once the app is removed,…

The Reserve Bank of India is pushing for the wider adoption of an open-source credit disbursal platform similar to the Unified Payments Interface for digital payments, to make it easier for farmers and owners of small businesses to access credit.While disbursal of consumer loans through a digital interface has become common, farmers and people who run small businesses still need to queue up at their local bank branches and the land records department for days to access agriculture loans and take Kisan credit cards.Elevate…

Merchant-focused payments provider, Razorpay, which was recently allowed to start onboarding new merchants, is internally targeting to turn profitable across all business lines in the next two years and eying a domestic listing post that, its cofounder & chief executive Harshil Mathur told ET. To be sure, its online payments business which contributes to 75% of its overall topline is currently breakeven and not losing any money. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM…

Digital payments major Paytm, which is run by One 97 Communications, has seen a stagnation in Unified Payments Interface payments originating from its payments bank over the last six months.Data shared by the National Payments Corporation of India shows that from August 2023, payments originating from Paytm’s own UPI address started falling.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitMITMIT Technology Leadership and…

"Worldline confirms that it has initiated social processes with the relevant employee representative bodies within the Worldline group," it said in a statement. "Worldline confirms that it has initiated social processes with the relevant employee representative bodies within the Worldline group," it said in a statement. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary…

A rags-to-riches tale, Vijay Shekhar Sharma is no stranger to controversy. Now, India's startup king faces arguably his biggest crisis in a race to save his revolutionary digital payments firm that had once counted Warren Buffett as a backer. Sharma has put up a brave face even as nervous investors plundered $2 billion off Paytm's valuation after India's central bank ordered his banking arm to stop most of it operations from March 1 for "persistent non-compliances" and "supervisory concerns".Elevate Your Tech Prowess…

Google Pay and National Payments Corporation of India (NPCI) will work together to expand Unified Payments Interface (UPI), the instant payments system widely used in the country, to international markets, Google and NPCI confirmed Wednesday. A Memorandum of Understanding (MoU) has been signed between Google Pay India and NPCI subsidiary, NPCI International Payments Ltd (NIPL), to bring the instant payment functionality to other countries. UPI has become a widespread mode of digital payment throughout India in recent…

India’s consumer tech sector stood at $100 billion in FY22, something that is expected to go up to $300 billion by 2027, growing at an annual growth rate (CAGR) of around 25%. This was revealed in a recent report released by Chiratae Ventures. In its report titled ‘Cracking the code: Unveiling India’s consumer landscape’, in partnership with Google and 1Lattice, the firm has cast an eye at India’s consumption potential. Here are some key findings.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Hi, this is Pratik Bhakta in Bengaluru with our first edition of Unwrapped for 2024.Firstly, Happy New Year! As we wrap up the year-end festivities, I analyse the creeping land grab by fintech startups in the larger financial service industry.On Wednesday, ET wrote about how fintechs were adding more than 42% of the new investors in mutual funds every month. And this is not unique. Be it wealth management, payments or credit, fintechs are playing an important role in expanding the market and driving adoption…

Digital payments facility Unified Payments Interface (UPI) for secondary market trading is set to go live from January 1, the National Payments Corporation of India (NPCI) said in a release on Friday.This facility is similar to Asba (applications supported by blocked amount), used for blocking funds and undertaking multiple debits, popular among investors to purchase shares during the IPO process. It will now be available for secondary market trading as well.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…