Latest Articles in digital payments
India, Singapore inks pact to ease cross-border transactions
“It closely aligns with the G20’s financial inclusion priorities of driving faster, cheaper, and more transparent cross-border payments,” said RBI in an official statement issued.
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Mahindra Rural Housing Finance, India Post Payments Bank Partner for Cash Management Solution
• Mahindra Rural customers can now repay loans at over 136,000 post offices • Partnership with IPPB in keeping with Mahindra’s Rise philosophy
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PayPoint India: Leveraging Robotics, Automation to Enhance Rural Banking Experience
During the pandemic, the Government had rolled out a huge relief package primarily through direct benefit transfer (DBT) in bank accounts. Our retailer-driven assisted model was instrumental in reaching out to this bottom of the pyramid population. Our low-cost tech-enabled platform disbursed more than 10 million subsidies and NEREGA payments to needy people in a span of 90 days “, asserted Ketan Doshi, Managing Director, Paypoint India in conversation with Poulami Chakraborty of BW Businessworld. Excerpts Below:
Read MoreSmart and Sustainable Payments Solutions crucial for the Indian mobility industry
The changing payment landscape in India has raised the bar for technology players as well as solution providers.
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BharatPe announces massive expansion plans: Aims to scale up to 65 cities by December 2020
BharatPe, India’s largest merchant payment company, today announced aggressive expansion plans across tier-1, 2 and 3 cities in the country. The company, that is currently present in 35+ cities, plans to substantially scale up its presence by adding another 30 cities to its list by December 2020.
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Paytm expands financial support to MSMEs, aims to disburse Rs. 1000 crore in loans by Mar'21
• Saves merchants from availing expensive loans by offering a low-interest rate & daily repayment flexibility • Collateral free loans are provided in partnership with leading lenders
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Mahagram Payments Pvt Ltd a Fintech Startup Launched BharatATM - A rural NEO banking platform to deploy 1.2 Mn wireless ATMs this year
Mahagram Payments Private Ltd. a Mumbai-based ‘Fintech’ startup. It is a technology-driven company with expertise in alternate payment technologies. Their mission is to entitle each Indian with a straightforward means that of approach to digital payments.
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Paytm Money turns two, enables wealth management for 66 lakh Indians with 70% being first-time investors
More than 60% of users from smaller towns & cities are experiencing digital financial services for the first time - Recently launched stockbroking registers over 2.5 lakh requests for early access - Achieves total daily investment volume of ~Rs 20 crores in Direct Mutual Funds - Accelerating financial inclusion by enabling technology-driven products & services to democratise wealth
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Google to collaborate with JIO to accelerate India's Digital economy
Google recently inked a pact to invest Rs 33,737 crore ($4.5 billion) in Jio Platforms Ltd, taking a 7.73 percent stake in the company, in a bid to accelerate India's Digital economy.
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Microsoft-Citrix partners to accelerate the Future of Work
Companies join forces to simplify cloud transformation and speed adoption of digital workspaces and virtual desktops to enable greater agility, productivity, and security
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