Samsung launches digital payment platform

New Delhi: Samsung has launched its mobile payment service, Samsung Pay, that enables consumers to pay for products and services at various retail locations using their Samsung s...

RBI to now open up UPI for digital wallets like Paytm and MobiKwik

Bengaluru, Mumbai: The Reserve Bank of India (RBI) has extended the access of its Unified Payment Interface (UPI) platform to digital wallets like Paytm and Mobikwik, as a move tow...

MF assets hit record high, equity AUM crosses 5 lakh crore for first time

Coimbatore: The assets under management (AUM) of the mutual fund (MF) industry grew  45 per cent to Rs 17.89 lakh crore (US$ 268.48 billion) during March 2015 to February 2017...

Paytm crosses milestone of 200 million wallet users

New Delhi: Paytm’s quick and hassle-free payment system makes it the most widely used and accepted payment method in the country as it crosses 200 million user base within th...

Reliance Jio and Uber announce strategic partnership

Mumbai: Reliance Jio Infocomm Ltd. and Uber have announced a strategic partnership, which will enable Uber riders to pay for their rides using JioMoney.

RBI proposes lower MDR from April 1 to keep digi-pay momentum

Mumbai: The Reserve Bank of India (RBI) has proposed to keep merchant discount rate (MDR) for debit-card transactions on the basis of merchant turnover instead of the present trans...

OMA Emirates acquires MobiSwipe

Mumbai: OMA Emirates, a payments solutions providing company based in UAE, has acquired MobiSwipe Technologies, a manufacturer of portable card swipe machines that work with smartp...

Lok Sabha passes Wages Amendment Bill

New Delhi: The Lok Sabha has passed the Payment of Wages (Amendment) Bill, 2017, which allows employers to pay wages of less than Rs 18,000 (US$ 267) a month by cheque or by transf...