Online Payments In India
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Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator
India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.
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Fisherman Loses Rs 96,000 To Fraudsters While Trying To Get Refund In Mumbai: Cops
A 42-year-old fisherman from Mumbai lost Rs 96,870 after he was tricked into logging his details into a digital payment app by fraudsters who posed as executives of an online streaming platform.
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How Digital Payments Changed Consumer Behaviour, Revealed In Kearney Report
The surge in digital payments for online purchases has led to a permanent shift in the behaviour of consumers, a report by Kearney observed in its report titled, " How Urban India Pays" adding that even it is influencing offline transactions as well.
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65% Transactions Now Digital In Small-Town India, Gen X Leads The Charge
About 65 per cent of transactions by consumers in small-town India are now digital, while in larger cities this ratio was around 75 per cent, a new report showed on Tuesday.
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Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
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Delhi Cops Bust Gang Sending Activated SIM Cards To Vietnam For Gaming Apps
Four people have been arrested here for allegedly sending activated SIM cards to Vietnam to be used for gaming and social media applications and they received payments on a cryptocurrency platform banned in India, police said on Sunday.
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Flipkart Launches UPI Service in Partnership With Axis Bank to Counter Third-Party Apps
Flipkart launched the Unified Payments Interface (UPI) service in collaboration with Axis Bank. The Flipkart UPI will be initially available for Android users and can be used for online and offline payments. With the latest update, customers can now pay bills and make fund transfers directly from the Flipkart app.
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Chinese Group Alipay Said to Have Sold 3.4 Percent Stake in Zomato
Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...
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UPI Transactions In India Cross 10 Billion Mark For First Time In August
India's robust online payments platform, unified payments interface (UPI) achieved a remarkable milestone by crossing 10 billion transactions in a month. The total number of UPI transactions reached an all-time high of 10.58 billion in August.
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Fake Call Centre Cheating People In Canada Busted In Maharashtra; 23 Arrested
Police have busted a fake call centre operating in Maharashtra's Palghar district and allegedly cheating people in Canada and threatening them to make payments for online purchases, officials said on Sunday.
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Google Pay UPI Lite Feature for Pin-Free Digital Transactions Announced: Here's How to Use
Google Pay has introduced new UPI Lite services on its platform to make digital transactions a seamless experience. With UPL Lite, users will be able to perform quick digital payments with just one click, without the need to enter the UPI PIN that is used for Google Pay transactions. However, there are a few limitations in order to ensure the money...
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Nokia 110 4G, Nokia 110 2G With Inbuilt UPI App, Wireless FM Radio Launched in India: Price, Specifications
Nokia 110 4G and Nokia 110 2G have been launched in India. The new phones include wireless FM radio support and an inbuild Unified Payments Interface (UPI) payment app. The are available for purchase on the official Nokia India website, as well as online and offline retail stores.
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RBI Permits Banks To Issue RuPay Prepaid Forex Cards
In order to expand payment options for Indians travelling abroad, the Reserve Bank of India on Thursday decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs, PoS machines and online merchants overseas.
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Meesho Employee Gets Scam Message For Payment From Person Posing As CEO
Fortunately, Mr Saxena did not fall prey to the fraud and could identify that it was a fraudster and not his boss.
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SBI Partners With PayNow for Cross-Border Payments Through Bhim App
A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced a partnership with PayNow, the online payment system of the city state, for cross-border payments. The facility is offered through SBI's Bhim SBIPay mobile application and the linkage will al...
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Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator
India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.
-
Fisherman Loses Rs 96,000 To Fraudsters While Trying To Get Refund In Mumbai: Cops
A 42-year-old fisherman from Mumbai lost Rs 96,870 after he was tricked into logging his details into a digital payment app by fraudsters who posed as executives of an online streaming platform.
-
How Digital Payments Changed Consumer Behaviour, Revealed In Kearney Report
The surge in digital payments for online purchases has led to a permanent shift in the behaviour of consumers, a report by Kearney observed in its report titled, " How Urban India Pays" adding that even it is influencing offline transactions as well.
-
65% Transactions Now Digital In Small-Town India, Gen X Leads The Charge
About 65 per cent of transactions by consumers in small-town India are now digital, while in larger cities this ratio was around 75 per cent, a new report showed on Tuesday.
-
Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
-
Delhi Cops Bust Gang Sending Activated SIM Cards To Vietnam For Gaming Apps
Four people have been arrested here for allegedly sending activated SIM cards to Vietnam to be used for gaming and social media applications and they received payments on a cryptocurrency platform banned in India, police said on Sunday.
-
Flipkart Launches UPI Service in Partnership With Axis Bank to Counter Third-Party Apps
Flipkart launched the Unified Payments Interface (UPI) service in collaboration with Axis Bank. The Flipkart UPI will be initially available for Android users and can be used for online and offline payments. With the latest update, customers can now pay bills and make fund transfers directly from the Flipkart app.
-
Chinese Group Alipay Said to Have Sold 3.4 Percent Stake in Zomato
Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...
-
UPI Transactions In India Cross 10 Billion Mark For First Time In August
India's robust online payments platform, unified payments interface (UPI) achieved a remarkable milestone by crossing 10 billion transactions in a month. The total number of UPI transactions reached an all-time high of 10.58 billion in August.
-
Fake Call Centre Cheating People In Canada Busted In Maharashtra; 23 Arrested
Police have busted a fake call centre operating in Maharashtra's Palghar district and allegedly cheating people in Canada and threatening them to make payments for online purchases, officials said on Sunday.
-
Google Pay UPI Lite Feature for Pin-Free Digital Transactions Announced: Here's How to Use
Google Pay has introduced new UPI Lite services on its platform to make digital transactions a seamless experience. With UPL Lite, users will be able to perform quick digital payments with just one click, without the need to enter the UPI PIN that is used for Google Pay transactions. However, there are a few limitations in order to ensure the money...
-
Nokia 110 4G, Nokia 110 2G With Inbuilt UPI App, Wireless FM Radio Launched in India: Price, Specifications
Nokia 110 4G and Nokia 110 2G have been launched in India. The new phones include wireless FM radio support and an inbuild Unified Payments Interface (UPI) payment app. The are available for purchase on the official Nokia India website, as well as online and offline retail stores.
-
RBI Permits Banks To Issue RuPay Prepaid Forex Cards
In order to expand payment options for Indians travelling abroad, the Reserve Bank of India on Thursday decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs, PoS machines and online merchants overseas.
-
Meesho Employee Gets Scam Message For Payment From Person Posing As CEO
Fortunately, Mr Saxena did not fall prey to the fraud and could identify that it was a fraudster and not his boss.
-
SBI Partners With PayNow for Cross-Border Payments Through Bhim App
A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced a partnership with PayNow, the online payment system of the city state, for cross-border payments. The facility is offered through SBI's Bhim SBIPay mobile application and the linkage will al...
