Tag "e-payments"

SoftPOS is set to empower micro merchants and scale business

By : CIOL Bureau

Internet penetration in India stood at 45% with 625 million internet users and 1.10 billion mobile connections as of January 2021. Thanks to affordable smartphones, data packs and prevalent telecom infrastructure, digital payments through mobile is being made available to

Types of digital payment frauds that you should know


Affordable smartphones, data packages coupled with sophisticated technology and innovation has brought banking and payments to our fingertips. From ordering consumer durable products to groceries, paying utility and credit card bills or simply moving funds between own bank accounts have

Akamai and MUFG to build a Blockchain-based payment network

BANGALORE, INDIA: Cloud delivery platform, Akamai Technologies, together with financial group MUFG has announced plans to offer a new blockchain-based online payment network to support digital payments at unparalleled scale. MUFG and Akamai intend to leverage the technology, built and

Users can switch ‘on’ and ‘off’ their debit and credit cards with e-shield

By : Soma Tah

MUMBAI, INDIA: A large section of Indian consumers, no matter how much they are willing to, are not switching to digital payments owing to security related concerns. According to the Government data, 25,800 fraud cases involving about Rs 179 crore

Google integrates chat option on Tez app

By : CIOL Writers

Google has integrated a chat option in digital payments app Google Tez. The payment application which runs on the Unified Payments Interface railroads will now allow consumers to not only send money to each other but also open up an option

PayUMoney to shut down its wallet service by the end of Jan’18

By : CIOL Writers

Online payment service provider PayUMoney is shutting down its mobile wallet service to focus more on credit-based product LazyPay to push its consumer-facing business. The wallet service will be closed by January 31, 2018, and users have been asked to

Samsung Pay rolls out bill payments feature in India

By : CIOL Writers

After launching Samsung Pay platform for users in India earlier this year, the company has added the ability to pay bills from within the app. According to a report in SamMobile, you can use Samsung Pay to pay your monthly

Google Tez app adds bill payments feature with over 70+ billers & due date reminders

By : CIOL Writers

Google had a lot of announcements to make in the #GoogleForIndia event. The company announced several new features and apps specifically designed for India. Among them is Google Tez. The application launched in September 2017 has undergone a lot of

Apple soft launches Apple Pay in beta for the US customers

By : CIOL Writers

Apple now allows users to send and receive money from the iPhone via Apple Pay. The feature lets you transfer money to your friends and family inside the Messages app from the iPhone. The service has been launched in public beta

Facebook will soon allow users to send money to their friends

By : CIOL Writers

With the number of digital transactions around the world increasing by the day, Facebook is also looking to improve users’ payment experience on its platform. Making a move in the same direction, the company may soon start testing ”red envelope”

‘Pay with Google’ arrives on Android to fasten the checkout process

By : CIOL Writers

Google has officially rolled out its new feature Pay with Google to speed up the checkout process. The feature lets you use any of the credit or debit cards you’ve previously logged on the web titan’s products (like Chrome, Android Pay, YouTube,

eMudhra launches Aadhaar eSign-based digital clearing for recurring payments

BANGALORE, INDIA: Digital identity and transaction management solutions provider, eMudhra has launched Aadhaar eSign-based National Automated Clearing House (NACH) gateway with National Payments Corporation of India (NPCI) – which aims to help large and small enterprises to collect recurring payment instructions from

ToneTag Audio Pod lets you transact offline via sound

By : CIOL Writers

In today’s world, technology is everywhere. Technology is involved in every little thing that we do in our lives. Even the way we make payments has evolved significantly. Today, we have different types of payment technologies available, including cards, mobile

Digital Economy opens the floodgates to cyber criminals, if security is overlooked

Soma Tah The cash crunch scenario during demonetization has made consumers switch to digital platforms more than ever before. The demonetization announcement has led people to use quick and hassle-free applications, such as Paytm, Freecharge, MobiKwik and even explore Bitcoin as

Govt proposes Payments Regulatory Board under RBI in place of BPSS

By : CIOL Writers

In a bid to strengthen the grievance mechanism for the digital payments ecosystem, the government is replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems (BPSS) by setting up Payments Regulatory Board in the Reserve Bank

Mobikwik announces Mobikwik Lite for slow connectivity

By : CIOL Writers

If demonetization has left millions of people in lurch trying to arrange cash for their daily needs, the same phenomenon has given new lease of life to many e-payment solution providers or digital wallet startups who are leaving no stones

Weavers spinning in e-payments for handicrafts’ sale

MUMBAI, INDIA: Now weavers of an emporium would be able to sell and increase their business

IRCTC: Now order food and pay through Mobikwik

By : CIOL Writers

Indian Railways, one of the world’s largest railway networks, has undertaken several initiatives to upgrade and

Emerging markets, including India to drive e-payments: PwC

By : CIOL Writers

With electronic payments witnessing a boom combined with emerging new market players and alternative business models,