Paytm will be able to participate in India’s instant mobile payments system, Unified Payments Interface (UPI). “Now, officially your Paytm UPI will work,” the company said in a Thursday (March 14) post on X, formerly Twitter. “We have received approval from @NPCI_NPCI to participate in UPI as...
Paytm’s regulatory troubles appear to have pushed Indian consumers to Walmart and Google-owned payments operations. Data released Wednesday (March 5) by the National Payments Council of India (NPCI) showed that the value of Paytm payments made using the country’s Unified Payments Interface (UPI) system fell 14% between January and February. Meanwhile, PhonePe, owned by...
Indian digital payments provider Paytm has announced that it will be cutting back on its business ties with its banking affiliate, Paytm Payments Bank. The company said in a Friday (March 1) filing with the National Stock Exchange of India that its board of directors...
Embattled Indian FinTech Paytm is reportedly turning to a group of banks for help. The company is likely to work with Aix Bank, HDFC, Yes Bank and the State Bank of India to process transactions though India’s popular unified payments interface (UPI), Reuters reported Monday (Feb. 26), citing...
September 28, 2020
As India approaches the fourth anniversary of 2016’s demonetization, the landscape that has defined the country and economy is undergoing a radical shift. India has heretofore been a cash-based economy, where even consumers shopping online often paid in physical currency via cash on delivery (COD). But several years of a regulatory push have combined with […]
April 28, 2020
The coronavirus pandemic has left consumers staying home when possible to stop the virus’s spread. It has also made them wary of taking on debt because their financial circumstances could...
August 15, 2019
Japan, in the last several years, has been something of a puzzle among mobile payments watchers around the world. It’s the market that should ignite but stubbornly refuses to. Its...
September 03, 2018
Cash continues to command the loyalties of consumers in India. However, as demonstrated this summer, the country is not only embracing digital payments, but increasingly attracting competition from some of...
May 05, 2024
Embattled Indian FinTech Paytm has just undergone a leadership shakeup. Bhavesh Gupta, the company’s president and chief operating officer, is stepping down from that role for personal reasons, parent firm One97 Communications said in a regulatory filing Saturday (May 4). In addition, the company has appointed Rakesh Singh as the new chief executive of its wealth subsidiary, Paytm Money. […]
March 14, 2024
Paytm will be able to participate in India’s instant mobile payments system, Unified Payments Interface (UPI). “Now, officially your Paytm UPI will work,” the company said in a Thursday (March 14) post...
March 06, 2024
Paytm’s regulatory troubles appear to have pushed Indian consumers to Walmart and Google-owned payments operations. Data released Wednesday (March 5) by the National Payments Council of India (NPCI) showed that the value of Paytm payments made...
March 01, 2024
Indian digital payments provider Paytm has announced that it will be cutting back on its business ties with its banking affiliate, Paytm Payments Bank. The company said in a Friday...
