Budget 2017: BHIM at centre stage, not digital payment startups

bhim_app_feUnion budget 2017 has clearly put the spotlight on digitisation, but that hasn’t really got players in the digital payment space excited as they feel the government’s emphasis is on promoting its own BHIM app rather than strengthening the entire ecosystem. In his budget speech, finance minister Arun Jaitley highlighted the success of BHIM, saying […]

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Budget 2017: Govt goes the whole hog on digitisation

Online_digital_ThinkstockPhotos-178976393Ever since the Modi government came to power in 2014, union budgets have had a sharp focus on digitisation and infusion of technology in everyday life. With budget 2017, comes as it on the back of a decisive cashless push, the government has indeed gone the whole nine yards—it appears “digitisation of everything” and creation […]

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In U-turn, NPCI tells PhonePe to adhere to UPI norms

In U-turn, NPCI tells PhonePe to adhere to UPI normsMaking a U-turn in the tussle between private-sector lender ICICI Bank and Flipkart’s digital wallet PhonePe, National Payments Corporation of India (NPCI) on Friday said PhonePe doesn’t adhere to interoperability norms of the Unified Payments Interface (UPI). NPCI, the umbrella organisation for all retail payments systems in India, added that PhonePe needs to first adhere […]

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ICICI Bank rejects NPCI call to unblock PhonePe

For-ICICI-Reject-Story_Shah-JunaidThe tussle between ICICI Bank and online retailer Flipkart’s digital wallet, PhonePe, isn’t likely to end soon with the private-sector lender again refusing to allow transactions through the payment app. The latest refusal comes after National Payments Corporation of India (NPCI), an umbrella organisation for all retail payments system in India, on Thursday evening asked […]

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Will digital wallets survive the UPI onslaught?

For-Digital-Wallet-Story-TC_ThinkstockPhotos-535412474In the last two months that demonetisation has dominated dinner-table conversations, digital wallet Paytm has had a dream run, clocking unprecedented numbers. TechCircle recently reported that Hero Corporate Services chairman Sunil Munjal was reportedly looking to buy a stake in the digital wallet firm at a staggering valuation of $5.7 billion. Though it’s been a […]

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BHIM app review: Simple, secure and intuitive

bhim_app_feIt’s not even been a week since the BHIM (Bharat Interface for Money) app was launched by Prime Minister Narendra Modi, and it has already crossed 3 million downloads. It has also facilitated half a million transactions, according to a tweet by NITI Aayog chief executive officer Amitabh Kant. Developed by the National Payments Corporation […]

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