Digital Payment
Is India ready for tokenization this time?
Last year, the RBI directed merchants not to store customer card details on their servers. And the revised implementation date is drawing close now. Is India ready for this big payment system reform?
 "Is India ready for tokenization this time?")
TCS to take decade-long relationship with SBI Cards to a new level
The tech firm will expand the next leg of digital transformation at SBI Cards
 "TCS to take decade-long relationship with SBI Cards to a new level")
PPI rapidly catching on as a bottom-of-the-pyramid transaction system
These PPI options are fast becoming the cards of choice for the vast majority of Indians as per capita income creeps upwards.
 "PPI rapidly catching on as a bottom-of-the-pyramid transaction system")
Pine Labs makes majority investment in payment solution provider Mosambee
The leadership team at Mosambee will continue to operate independently.
 "Pine Labs makes majority investment in payment solution provider Mosambee")
UK's Winvesta offers Indian exporters alternative payment gateway
UK-headquartered Winvesta, a neobank building cross-border banking and wealth management solutions, has launched a foreign payment collections system for Indian exporters.
 "UK's Winvesta offers Indian exporters alternative payment gateway")
'Tap to Pay': Apple announces contactless payments via new iPhones
Tap to Pay on iPhone will be available for payment platforms and app developers to integrate into their iOS apps and offer as a payment option to their business customers in the US first, Apple said
 "'Tap to Pay': Apple announces contactless payments via new iPhones")
Innoviti raises Rs 80 cr in first close of its Series D fund round
Innoviti is looking at raising Rs 400 crore in primary funding in Series D to fuel its growth with a plan for a listing in the next two to three years.
 "Innoviti raises Rs 80 cr in first close of its Series D fund round")
UPI signs off 2021 on a high: Dec transaction value crosses Rs 8 trillion
Record year for UPI, clocked 38 billion transactions worth Rs 71.59 trillion
 "UPI signs off 2021 on a high: Dec transaction value crosses Rs 8 trillion")
Airtel Payments Bank surpasses 1 billion transactions mark in Q2
Airtel Payments Bank crossed one billion transactions volume milestone on its platform during September quarter 2021-22, according to sources
 "Airtel Payments Bank surpasses 1 billion transactions mark in Q2")
Credit card users spent Rs 39,000 cr on digital payments in 2021: Report
Expenditure on food and utility bills remained consistent during all months while food and beverages saw high spending after the lockdown restrictions were eased from July to October
 "Credit card users spent Rs 39,000 cr on digital payments in 2021: Report")
Fintech leading India's banking revolution but it's hampered by old rules
The country's licensing policy for financial institutions is past its sell-by date. Innovative solutions are out there but require regulation.
 "Fintech leading India's banking revolution but it's hampered by old rules")
MeitY concludes Digital Payment Utsav with a challenge to bankers
Minister Ashwini Vaishnaw urges them to create a platform as powerful and seamless as UPI, think of more ways of providing quick and easy credit to MSMEs and people at the bottom of the pyramid
 "MeitY concludes Digital Payment Utsav with a challenge to bankers")
Will double down on India growth in next 6 months: WhatsApp Pay
WhatsApp India on Tuesday said that over the next six months, it will make significant investments regarding digital payments on its platform across the country
 "Will double down on India growth in next 6 months: WhatsApp Pay")
Google to allow alternative payment system from next month in S Korea
Google has announced that it will provide an alternative payment system at its app store in South Korea from next month in an apparent move to follow the country's new law
 "Google to allow alternative payment system from next month in S Korea")
NPCI ties up with leading payments provider PPRO to take UPI global
NPCI International Payments Ltd has collaborated with fintech firm PPRO, a global provider of local payments infrastructure, to expand growth of India's digital payments ecosystem.
 "NPCI ties up with leading payments provider PPRO to take UPI global")
Lesson from note ban and pandemic: Keep a month's expense in cash at home
In addition, have an emergency fund equal to three-six months' expense parked in liquid fund, savings account and sweep-in fixed deposits
 "Lesson from note ban and pandemic: Keep a month's expense in cash at home")
Post demonetisation, notes in circulation on rise; so are digital payments
Five years after the demonetisation, currency notes in circulation continue to rise albeit at a slower pace even as digital payments surge with more and more people embracing cashless payment modes
East or west, we can now raise money from anywhere: Paytm's Vijay Sharma
In conversation with Deepsekhar Choudhury and Neha Alawadhi, Sharma speaks about his journey and the road ahead
 "East or west, we can now raise money from anywhere: Paytm's Vijay Sharma")
Total value of transactions grew 23.3% QoQ to Rs 921,674 cr: PhonePe Pulse
Offline merchant payments grew faster than online merchant payments
 "Total value of transactions grew 23.3% QoQ to Rs 921,674 cr: PhonePe Pulse")
More Paytm employees convert ESOPs to shares after shareholders' approval
An additional 40 current and former employees of Paytm have converted their ESOP grants to shares for monetising them in its upcoming Rs 16,600 crore IPO, the digital payments firm said
 "More Paytm employees convert ESOPs to shares after shareholders' approval")
