Digital payments

Simpl aims to replace CoD with an alternate system by working with ecosystem partners and through its AI-powered offerings Bengaluru: Checkout network Simpl has introduced artificial intelligence (AI) enabled checkout suite with an aim to reduce losses from cash on delivery...

Payment volumes for merchants or Gross Merchandise Values (GMV) rose 39 per cent on-year at Rs 1.47 lakh crore New Delhi: Fintech company Paytm on Thursday said its average monthly users rose by 19 per cent on-year to 9.3 crore. Merchant subscriptions...

The device will enable merchants to accept payments via debit cards, credit cards and UPI and it is built on the Android platform New Delhi: Walmart-owned digital payment company PhonePe has launched a point-of-sale (POS) device that will enable merchants to...

The Dutch investment firm recognised a loss of $77 million on account of losing influence on BYJU'S New Delhi: Fintech firm PayU India's business grew 31 per cent to USD 399 million in FY23, its parent Prosus said on Tuesday. The Dutch...

Bengaluru emerged on top with 29 million transactions worth $65 billion followed by New Delhi 19.6 million transactions worth $50 billion Chennai: Chennai has emerged as one of the top digital payment transactions cities in 2022 in the country, a...

The rampant increase in smartphone users and easy accessibility to the Internet are some major boosters for this expansion. Keeping in line with the Digital India movement, more and more companies are building a presence online to reach the...

Walmart Inc and other PhonePe shareholders faced nearly USD 1 billion as capital gains tax after the digital payments company shifted its headquarters to India New Delhi: US retail giant Walmart has paid the taxes arising from the shifting of the...

After the complete separation of Flipkart and PhonePe, both entities will continue to operate under US-based retail giant Walmart New Delhi: Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a...

The approval of new umbrella entities (NUE) licensing by the Reserve Bank of India (RBI) will lead to increased private participation in the Indian digital payments space, which is currently dominated by state-owned National Payments Corporation of India (NPCI)...

The COVID-19 pandemic has accelerated Singapore's push to digital payments, with rise in card payments and decline in cash usage, according to GlobalData, a leading data and analytics company. GlobalData estimates total card transactions (POS and ATM) in Singapore to...