Category Added in a WPeMatico Campaign
QNB, a 60-year-old financial institution headquartered in Qatar, is the largest in the Middle East and Africa. This initiative will create numerous opportunities for businesses in Qatar, as UPI will offer a faster and more convenient payment and checkout process, NIPL said in a release.
India’s P2P lending startups, including BharatPe, Cred, and LenDenClub, adjust products amid regulatory scrutiny. Lendbox introduces Per Annum, aiming for an OBPP license. Liquiloans expands offline. Bhuvan Rustagi seeks stable returns. RBI targets asset liability mismatch. Cred Mint’s minimum investment is Rs 2 lakh. LenDenClub’s assets under management dropped to Rs 908 crore since March …
P2P lenders rework products, business to follow RBI diktat Read More »
Users now have access to services like Fastag and DTH recharge, landline, broadband bill payments and mobile phone bill payments on the Flipkart platform, the company said on Wednesday. Flipkart has partnered with BillDesk to bring bill payment services for its users.
This collaboration enables UPI payment acceptance in Qatar through the QNB merchant network. Indian tourists can now use their preferred payment method across retail stores, tourist attractions, leisure sites, duty-free shops, and hotels.
In a statement issued on Wednesday, it said that its regional labour commissioner, Bengaluru resolved the grievance to the satisfaction of both parties with Paytm agreeing not to recover the joining bonus and to pay the notice period payment to the employee and the employee accepting the exit offer made by Paytm.
“We now have about 6 lakh merchants on the platform. On average, we are seeing an increase of about 1 million transactions per month. So, 40 million by the end of this fiscal should be achievable. We are working towards it,” chief executive officer T Koshy told reporters on the sidelines of the CII MSME …
Expecting 30-40 million monthly transactions by March 2025: ONDC CEO T Koshy Read More »
The ‘How Urban India Pays’ report unveils India’s shift to digital payments. 90% prefer digital for online purchases, 50% for in-store. Merchants adapt with 69% transactions digital. Millennials and Gen X driving revolution. UPI leads online, cash still preferred offline. Convenience key motivator for adoption.
Paytm has been awaiting the panel’s approval for approximately two years, and without it, the company would have been forced to shut down its payment services business.
The market forces alone cannot solve social challenges of Financial Inclusion like last mile access and optimising services for the underserved. That is where DPI’s scalability, and shared utilities with regulatory guardrails within the three layers of technology, governance, and market can achieve social and economic inclusion objectives worldwide.
There is a complex interplay of generational preferences and behaviours in the Indian digital payments landscape. GenZ’s dual reliance on UPI and cash underscores the transitional nature of India’s economy, while the preferences of Millennials, GenX and Boomers indicate a growing trust and reliance on digital modes of payments, according to a latest report by …
