In largest deal in Indian consumer internet space, Naspers-owned payments service to buy Mumbai-based rival with big returns for early inve...

Under the proposal, Mumbai-based Citrus Pay will be absorbed by PayU, the online payments service provider owned and operated by the Cape T...

The RBI gave licence to operate pre-paid wallets to around 26 entities and the last two years have seen a flurry of launches.

Internet payments processor Citrus Pay has decided to waive all fees on online payments made to govt bodies for next 18 months - a move whi...

Data from the Reserve Bank of India shows that close to 4.73 crore transactions valuing Rs 1429 crore were done through mobile wallets.

There are nearly 51 million SMEs in India with only a fraction on them present online. Payment gateways are taking initiatives to help thes...

With rewards-linked loyalty programmes, they are incentivising cash users in these areas to convert their money into wallet money at the ki...

The company, which counts Jet Airways, IndiGo, TinyOwl and Faasos among its clients, has a GMV run rate of $2 billion.

Behind the glamour of being a micro-entrepreneur within the burgeoning ecommerce ecosystem is the handwringing process of tallying and reco...

In 1981, the first credit cards were launched and later, debit cards were issued. As of now Indian banks have issued 57.4 crore debit and c...

Meru also introduced a zero-click option, where the amount will be directly debited from mobile wallets.

Delhi-based Snapdeal has signaled its ambition to build a services platform to stand out in a crowding online marketplace sector.

Payment gateways are taking advantage of India’s organised businesses and even offering them a complementary website if they wish to have a...

Mumbai-based Citrus Pay, is also believed to have had discussions with Quikr. Citrus Pay founder Satyen Kothari declined to confirm this.

"The person-to-person transfer is a precursor to the next phase when the bank will market this app to merchants. "

The move comes weeks after the Reserve Bank of India asked ventures providing services to domestic consumers to follow the two-step authent...

These companies, which offer a range of solutions for mobile users, are sprucing up their offerings.