Investors worldwide got quite a scare from India’s Punjab National Bank (PNB) with the announced discovery of $1.8 billion in fraudulent activity at one of its branches, according to Reuters reports. The bank said in a statement that “a few select account holders” appear to have...
Since demonetization last year, Indian government and regulatory authorities have worked hard to push digital payment methods. But Indian citizens are not quite cooperating just yet and continue to prefer cash for most routine transactions. Get the Full Story Complete the form to unlock this article...
While much ink has been given to the various U.S. companies trying to grab up a foothold in India, this week’s news seems to be flowing the other way across the sea. India’s largest payments player — Paytm — is eying the United States for...
Despite efforts at purging high denomination bank notes last year, new reports indicate 99 percent of the forbidden currencies were actually deposited or exchanged for new currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As Flipkart continues to gear up for what will likely be a protracted fight with Amazon.com, it seems to have gotten some good news. Rival marketplace Snapdeal won’t be a rival much longer — according to interior sources (two of them, according to Reuters), its...
i2c and Australia Post — a delivery, logistics, retail and eCommerce business — have announced plans to expand and modernize their digital payments offerings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Indian digital payments firm Paytm has officially launched a niche payments bank as part of its drive to double its customer base to 500 million over the next three years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Indian digital payments firm Paytm is reportedly in talks with Japan’s SoftBank in the hopes of securing $1.2 to $1.5 billion in cash. If the deal goes through, SoftBank would be one of the Paytm’s biggest shareholders. Get the Full Story Complete the form to...
Facebook-owned instant messaging service WhatsApp may be making a digital payments play in its largest global market — India. This would be the firm’s first such move anywhere on Earth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
