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Online Payment News

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Majority of the payment and fintech companies have jumped in the AI rushto seize the moment.
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Kearney India and Amazon Pay India have released of a comprehensive new report, "How Urban India Pays", in which it has found India's rapid shift towards a cashless economy, driven by a surge in digital payment adoption by both consumers and merchants. 
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IRCTC introduces QR code payment for food items Currently, this facility will be only available on Sampoorna Kranti express trains IRCTC QR code will be available on the menu
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State Bank of India has tweeted a video on safe tips to protect customers from fraudulent transactions SBI tweeted about the protection measures the customers can take in case they have been a victim of the same. Protect yourself from cyber-criminals by staying alert and informed, SBI said.
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The cyber criminals have become very active to exploit the vulnerability of customers in the wake of the coronavirus outbreak.
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The Reserve Bank levies minimum charges on banks for transactions routed through its RTGS meant for large-value instantaneous fund transfers and the NEFT System for other fund transfers. Banks, in turn, levy charges on their customers.
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It is suspected that the man entered his pin on the card machine where the amount was meant to be punched in.
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The apex court had set March 31 as the deadline for the sale and registration of BS-III vehicles.
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Online marketplace Amazon India has secured a licence to operate pre-paid payment instrument (PPI) or mobile wallet in the country as it tries to compete more aggressively against rivals Snapdeal and Paytm.
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LazyPay appears as a payment option at the time of checkout on websites and apps integrating the product.
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Muthoot Securities Limited (MSTL), the broking and wealth management division of The Muthoot Group, has launched an innovative product - iWill that offers online Will writing that can be completed in just 30 minutes.
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Facebook announced Monday a new online payment system that will allow businesses to sell directly to consumers on its Messenger application.
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Oil marketing companies are planning to introduce a a system using which LPG cylinder customers can pay by sending text messages with payment links.
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Consumers can now make online payment for the cooking gas or LPG cylinders at the time of booking.
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Digital payments platform FreeCharge today announced the appointment of Anshul Kheterpal as its chief financial officer.
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Mobile wallet company Mobikwik has said it expects monthly GMV to touch Rs 700-800 crore over the next 12 months with half of it coming from offline channels like mom-and-pop stores and restaurants.
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In order to facilitate e-commerce, RBI Thursday permitted banks to enter into pacts with Online Payment Gateway Service Providers (OPGSPs) for import payments.
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Sequoia Capital-backed Citrus Payment Solutions, which operates online checkout and payment solution Citrus Pay, is looking to double its gross merchandise value (GMV) run rate to about USD 4 billion by the end of the fiscal.






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