Cashless Payments

It has over two years since Uber forged ties with Paytm exclusively to allow wallet payments for cab rides. This was probably the biggest win for Paytm as it allowed the users to make cashless payments and avoid the hassles of cash…

In a major push for seamless cashless transactions, Govt. of India has launched Bharat QR Code, which is world’s first interoperable payment platform. National Payments Corporation of India (NPCI), which is the umbrella organisation…

There has been a growing demand from business community and consumers to bring down the additional expenses related to cashless transactions. Right now, there is an additional surcharge, called MDR or Merchant Discount Rate of 0.75% if…

BHIM App, which was launched on December 30th by PM Modi is making slow but steady progress. In Lok Sabha, Minister of State for Planning Rao Inderjit Singh informed the nation that Rs 361 crore worth of transactions have been…

Apple Pay, Samsung Pay and Google Wallet are some of the largest used payment solutions in the US, Europe and some Asian countries. The simple fact that a payment can be made through NFC and one fingerprint confirmation is luring to the…

In one of the major crackdown on black money hoarders, Govt. of India has directed all banks to furnish PAN card details of all bank holders by February 28th, 2017. Never before in the history of banking, such massive exercise has…

This is indeed a scary situation out here, especially for millions of vehicle owners, who are ready to pay for petrol and diesel using their debit/credit cards; but it seems that the petrol pump owners won’t support card based payments…

If there is one digital wallet giving competition to Paytm, it is MobiKwik. In the past, the company has partnered with IRCTC, Makemytrip & Cleartrip, StoreKing and WHSmith to bring cashless transactions for the customers. Apart…

From the first day of 2017, ten metro stations in Delhi were supposed to go cashless to promote digital transactions and a cashless economy. DMRC had earlier tied-up with Paytm to go completely cashless at these 10 metro stations.…

Paytm, a private company handles around 60-70 lakh transactions a day, while United Payment Interface (UPI), a path-breaking digital payment solution launched by Indian Govt. handles only 70,000 transactions a day. This is certainly…