Payment

Elon Musk recently disclosed his plans to add payments feature to the X app (formerly Twitter) by mid-2024. The multi-billionaire tech mogul has been working towards his goal of transforming X into an ‘everything app' — prior to Musk's takeover of the platform, Twitter was characterised as a microblogging platform. Interestingly, Musk chose to leave out the mention of cryptocurrencies while speaking about his digital payments feature plan for X. Crypto payments remain a much-requested feature on X, especially among the…

The Unified Payments Interface (UPI) is steadily gaining popularity for bill and subscription payments, with a bulk of low-value recurring transactions moving to UPI AutoPay.UPI AutoPay is the recurring payment mandate run by the National Payments Corporation of India (NPCI) on the UPI payment mode. Consumers usually use the feature to pay for their entertainment, newspaper subscriptions and other small-value recurring payments.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian…

Vernacular social media platform ShareChat on Wednesday executed another round of layoffs. This and more in today’s ETtech Top 5.Also in this letter:■ FY23 financials for Euler Motors, Pilgrim■ SoftBank India’s Vikas Agnihotri leaves■ Unicommerce expands board ShareChat lays off about 200 employees across verticals Ankush Sachdeva, cofounder and CEO, ShareChatIn a bid to streamline costs and achieve profitability within 4-6 quarters, vernacular social media platform ShareChat on Wednesday said it has…

Digital payment startups Razorpay and Cashfree have received final approval from the Reserve Bank of India (RBI) to operate as payment aggregators.“We are thrilled to announce that we are now onboarding businesses on Cashfree Payment Gateway,” Cashfree wrote on its LinkedIn page.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisitNorthwestern UniversityKellogg…

There are many ridiculous stories online about landlords trying to scam their tenants. While by no means does this indicate that all people in this business are like this, those few bad apples really ruin the appearance of the whole batch.For example, this Redditor shares how he left his rent check in the mailbox for the landlord, who later informed him that the payment was nowhere to be found and nobody else could’ve taken it. When the man freaked out and started asking questions, it turned out that someone could and…

Canada's print media will receive nearly two-thirds of an annual Can$100 million (US$75 million) payment from Google to the country's news outlets in exchange for distribution of their content, the federal government announced Friday. At the end of November, after months of negotiations, Ottawa and Google announced a "historic" agreement, where the tech giant would pay Canadian media companies compensation for the loss of advertising revenue. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Elon Musk's X has received a money transfer license from yet another state in the US. Now that it has the clearances from 13 states, Musk is very close to enabling X to process money transfer and some bank-like services in the US, similar to what PayPal does…

Softbank-backed Juspay is set to become a payment aggregator (PA), entering the same league as that of Razorpay and PayU.The company recently received an in-principle approval from the Reserve Bank of India to build this business.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitIIM KozhikodeIIMK Senior Management ProgrammeVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitJuspay has been…

All of you must be aware of the famous South Korean Netflix game series, Squid game, and now there is a reality show based on this game series. The players in this game are in financial debt and put their lives at risk to win the highest price of a reality game show. The first season of this game came to an end with the win of 55-year-old Vietnam-born Mai Whelan. She won a cash prize of USD 4.56 million, which is equal to 38 crore 4 lakh 42 thousand. But now there is a twist to this triumph. Mai Whelan still hasn’t…

Folks who have gotten used to using Venmo to pay for goods on Amazon will have to switch to another payment method to renew their Prime membership or order goods. Amazon is ditching Venmo as a direct payment option just 14 months after enabling it.It's no longer possible to add Venmo as an Amazon payment option. Those who already have Venmo enabled in their Amazon wallet can use it to check out until January 10. Amazon told customers that it will still accept Venmo debit and credit cards.Amazon has not disclosed why it's…