New Delhi: Retail online transaction platform UPI will likely continue to dominate the digital payments space in the country even as newer methods such as…
Shipments from India to Russia to see an additional boost by $2 mn
India is planning to boost shipments to Russia by an additional $2 billion as the two nations work out a payment system in local currencies…
RBI’s digital currency to speed up transactions, reduce cost of cash
New Delhi: The proposed Central Bank Digital Currency (CBDC) to be issued by the Reserve Bank will play a critical role in improving the speed…
India to opt for alternative payment methods for exporters
New Delhi: India may consider alternative payment mechanisms for exporters if the Russia-Ukraine conflict continues for a long time and key trade sectors, such as…
PhonePe logged a TPV of $651 bn
New Delhi: Fintech major PhonePe on Friday said it has logged an annualized total payment value (TPV) of $ 651 billion in December and reported…
Airtel payments bank receives the “Scheduled Bank” status: RBI
Airtel Payments Bank said on Tuesday that it has been categorized as a ‘Scheduled Bank by the Reserve Bank of India. The new status will…
Razorpay grows by 300%; aims to achieve $90 bn TPV by 2022 end
Fintech unicorn Razorpay has said it grew 300 percent for the second consecutive year and achieved $60 billion TPV (total payment volume) in early December 2021. That…
Phonepe registers a revenue of Rs 690 Cr in FY21; jumps by 85.5%
Digital payments company PhonePe has reported a revenue of ₹690 crores in FY 21, which is about an 85.5 percent jump from ₹372 crore revenue…
Route Mobile, a cloud communications platform, has purchased Masiv, a Latin American business, for $47.5 million
Route Mobile is a cloud-based messaging platform. Masivian S.A.S (“Masiv”), a cloud communication platform service provider for Latin American companies, has been purchased by Route…
India’s overall exports up by 33.99%
New Delhi: India’s overall exports (Merchandise and Services combined) in August 2021 are estimated to be USD 52.20Billion, exhibiting a positive growth of 33.99 percent…