Tag: digital payments
Govt to explore new avenues to strengthen India’s position in global financial ecosystem: Finance Ministry
The government will explore new avenues to strengthen India‘s position in the global financial ecosystem and is committed to advancing digital payment solutions that are…
india deposits: FM asks PSBs to launch special drives to push deposits growth
New Delhi: Finance minister Nirmala Sitharaman Monday asked public sector banks, or PSBs, to make concerted efforts to mobilise deposits by conducting special drives to…
Finance Minister Nirmala Sitharaman: FM Sitharaman asks PSBs to push deposit drive by taking ‘concerted efforts’ following RBI’s consistent warnings
Finance Minister Nirmala Sitharaman chaired a meeting to review performances of Public Sector Banks in Delhi on Monday. The meeting was also attended by Dr…
Razorpay featured on ‘Forbes Cloud 100 2024,’ only Indian company on list
Aug 14, 2024 07:32 PM IST Razorpay, with nearly 3,300 employees, and having raised close to $742 million in funding, ranked 70th on the Forbes…
RBI’s new rules for two-factor authentication of digital payments; Check alternative methods proposed
In order to allow the ecosystem to use different forms of authentication, the RBI has announced a draft on “Framework on Alternative Authentication Mechanisms for…
RBI proposes new ways to authenticate e-payments
The regulator, in draft guidelines, said that all digital payment transactions, other than card present transactions, will have to ensure that one of the factors…
india digital payments: Digital payments rise 12.6% at March-end 2024: RBI data
Digital payments across the country registered a 12.6 per cent on-year rise as on March 31, 2024, according to RBI‘s index that measures the adoption…
Indian startups: Indian startups can thrive despite speed bumps, Lightspeed’s Bejul Somaia says
India’s young tech companies are an attractive investment even as the country’s startup economy faces hiccups at high-profile internet firms such as fintech Paytm and…
Razorpay: Razorpay aims overall profitability in next two years, looks to domicile back by FY25 end
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…
Paytm: Paytm’s UPI payments: Two contrasting trends
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…