Payment

Avoiding online payment fraud while using UPI apps or e-wallets is becoming increasingly difficult with the growing volume of online transaction in India. Total number of transactions made through the Unified Payments Interface (UPI) in February 2021 was 2.29 billion, according to data provided by the National Payments Corporation of India (NPCI). And as more people make payments using UPI apps and e-wallets in the country, the incidences of online fraud grow. Scammers continue to find new ways to steal the hard-earned…

A Russian law firm on Friday said it had filed a lawsuit against US tech giant Apple seeking RUB 90 million (roughly Rs. 9.7 crore) in damages for consumers affected by Apple withdrawing its payment service from Russia.Apple did not immediately respond to a request for comment.Law firm Chernyshov, Lukoyanov & Partners said Apple had violated Russian consumers' rights after the company restricted the use of its built-in Apple Pay service on March 1 in response to Moscow sending troops into Ukraine.The lawsuit, which it…

JioPhone Next is preloaded with device lock that allows Reliance Jio to restrict access in case you are not able to pay its EMIs. The device lock "feature," as it is called by the company in an onscreen banner, appeared on the early units of the JioPhone Next that have been showcased to the media ahead of its sale. Jio announced the availability of JioPhone Next in collaboration with Google last week. The phone comes with a price tag of Rs. 6,499, though it can be purchased by paying an upfront amount of Rs. 1,999 and the…

Apple has introduced three new payment modes for App Store users in India. The new payment modes include united payments interface (UPI), RuPay, and netbanking. Before this, App Store and even iTunes users could only use credit and debit cards on both the platforms. These payment modes come in handy when you're looking to buy apps on the App Store or make in-app purchases as well. It is also useful when buying music on iTunes.The Cupertino tech giant sent out notifications to App Store users that they can now make…