The RBI has launched the UPI payment facility for foreign visitors to India, initially available at select international airports. Inbound travelers will receive PPI wallets linked to UPI to make local payments, with plans to expand this service to other airports and cities soon.
The new feature was announced during Google's developer-focused I/O keynote in May, when a slide showed US State Maryland as the first ID available for the upcoming feature, according to the report.
Paytm has announced that its Postpaid service has crossed the 6 million users benchmark and is accepted by over 15 million online and offline merchants- as per the second quarter-end report for FY 2023.
Digital wallet usage is increasing and the research recommends that QR code payment vendors integrate loyalty features and personalised marketing capabilities to incentivise merchant acceptance, which will be critical to driving adoption.
There is a process to add money to the Paytm Wallet, and users will get multiple options like UPI, internet banking, credit or debit card and more, to choose from. UPI is considered to be the most secure way for adding money instantly and the process
Samsung Wallet was launched to give users a refined interface where single swipe access to their payment cards, loyalty and membership cards and more.
In Q3 FY22, merchant Loans disbursed through Paytm grew 38% Y-o-Y, while the value of Merchant Loans grew 128% Y-o-Y.
The top scamsters are from Patna, Chandigarh, Kolkata and Meerut for one of the top payment apps (at 15 per cent) and most QR Code scams originate from Assam, accounting for 20 per cent of the total distribution.
A man, who lost his wallet containing Rs 900 in a local train here in 2006, was in for a pleasant surprise when the police informed him that they have found it after 14 years and returned him part of the amount
While government is pushing for digital payments through mobile phones, chipset maker Qualcomm said that wallets and mobile banking applications in India are not using hardware level security which can make online transactions more secure.
Mumbai: Newly-designed currency notes are likely to circulate in the country soon with the Reserve Bank of India board today recommending a new set of designs for the banknotes. "The Central Board also discussed
The Reserve Bank of India (RBI) publishes an annual report every year.One of the chapters in this Annual Report is on Currency Management. This chapter deals with the trends in demand for banknotes of various
New Delhi: With a couple of gestures and a voice command, Glass users could soon send money to friends via their wearable device. TechCrunch reports that Google is planning to debut Google Wallet on Google
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