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PAYMENT LAGS FOR TRANSACTION
Fuelled by lending boom, DPDzero bets big on AI-led debt recoveryAs India’s unsecured lending boom accelerates, collections are emerging as the next major battleground for fintechs and lenders.- PayPal layoffs alert: Why the company plans to cut 20% of jobs under new CEO Enrique Lores as analysts warn of growth challenges - here's what investors need to knowPayPal layoffs strategy under new CEO explained: Paypal is set for a major internal change. The company plans to reduce its workforce by ap...
- Jio Financial Services to scale lending, holds off unsecured creditJio Financial Services is expanding its lending book with property and asset-backed corporate loans. The company prioritizes balance sheet ...
- India mulls payment lags, checks for senior citizens as digital fraud rises, RBI paper showsThe Reserve Bank of India is proposing new rules to combat rising online fraud. High-value digital payments may face a one-hour delay. Extr...
- RBI proposes one-hour delay on high-value digital transfers to curb fraudThe Reserve Bank of India is proposing new rules to fight digital payment fraud. These include delays for certain bank transfers and extra ...
- RBI may soon make you wait an hour before your UPI transfers goes throughThe Reserve Bank of India is exploring new measures to curb digital payment fraud. A key proposal suggests a one-hour pause for large trans...
- UPI spikes in India, but some states are still in the slow laneWhile UPI transaction volumes appear massive nationwide, per-capita data reveals a significant digital divide. Southern and western states ...
- FM unveils real-time forex settlement at GIFT CityFinance Minister Nirmala Sitharaman launched a real-time foreign currency settlement system at GIFT City, replacing a delayed process. This...
- Subsidy on small-value UPI payments cut, banks look for ways to offset costIf India’s “free UPI” policy was already pinching banks, the government’s latest move has turned the screw further. A fresh cut in incentiv...
- Digital payments yet to dethrone cash in priority list of Indians during offline purchases: SurveyA recent report shows that while digital payments are on the rise in India, cash is still the preferred mode for offline transactions, espe...
- Amazon tops up India payments business with Rs 600 croreAmazon Pay India intensified competition with Paytm, PhonePe, and Google Pay, receiving a capital infusion of Rs 600 crore. The company inv...
- Amazon Pay India FY23 revenue growth remains flat at Rs 2,093 crore, losses down 13%The company's net losses dipped 13% to Rs 1,499 crore in FY23, from Rs 1,740 crore in FY22, mostly driven by a reduction in expenses.
- Mutual fund e-mandate limit without AFA increased to Rs 1 lakhThe governor was announcing the decision of the Monetary Policy Committee or MPC. The MPC has decided to hold the policy rate - the Repo Ra...
- RBI seeks ways to make digital currency payments easy as cashThe RBI has also opened a sandbox for startups to test multiple CBDC use cases. As of now, daily transactions linger in the range of tens o...
- Amazon Pay counts on wallets to push payments businessWith interoperability on its wallets and a shortcut on the home screen to aid in discoverability, will Amazon Pay manage to get its mojo ba...
- ET Financial Inclusion Summit: Speed of internet is still a dragIndustrialisation had a role to play and with improved telecom connectivity, the lag will ease out. Industry stakeholders have also raised ...
- India moves up to 28th rank in govt e-payment adoption: SurveyNorway leads the pack in the 73-country ranking, followed by France and Denmark.
- Separate targets for institutions: Govt eyes 30 billion digital payments in FY 2018-19MeitY has set a target of 23.7 bn transactions to be recorded by the banking sector alone. Mobile wallet companies are expected to chip in ...
- Digital payments: India lags China in e-transactionsChina is expected to see stable growth of 36% in digital transactions during 2016-20 while India is expected to grow at an average of 26.2%...
- RBI tells banks to promote e-payment optionsThe Reserve Bank of India, or RBI, has told a bunch of top bank executives to push the use of electronic transactions among customers to tr...
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