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Startup investors writing more $100 million cheques this year
With the rush of capital and new types of investors coming in, venture capitalists said the time taken for startups to grow their business and rack up $100 million in funding has also shrunk over the past few years.
UPI cash withdrawals in Bank of India soon
Public sector lender Bank of India (BoI) has already introduced this facility for its own customer...
Compensation you get for poor services offered by insurers, banks, mutual funds, tax department
Did you know that financial services provider...
View: SBI's card unit's IPO reflects the Mukesh Ambani factor
SBI Cards IPO could have boundless prospects, or become a victim of arrested development.
Over 70 lakh FASTags issued so far
A customer may call on the helpline number, '1033', for any assistance related to FASTags, the ministry said and added that they can also reach out to the banks to obtain FASTags.
UPI market share cap in limbo
The issue might only be picked up later next year as WhatsApp's payments ambitions have virtually been thwarted.
India has potential for very rapid economic growth, says Bill Gates
India has the potential for "very rapid" economic growth over the next decade, Bill Gates has said.
Helpline fraud: Why an online search may be the best way to lose money
It happens when consumers seeking a solution to a problem do a Google search and call up any helpline number that it throws up; most do not bother to look up the organisation’s website or the papers they may hold to locate the official phone numbers. Mumbai resident Ruchira Damia lost Rs 40,000 when she tried to contact an HP Gas agency.
Just 5 banks claim 80% of UPI’s big billion October fest
State Bank of India, HDFC Bank, Axis Bank and ICICI Bank together account for more than 45% of the total transactions reported on UPI last month, according to numbers sourced by ET from bankers in the know of the matter.
How UPI-based frauds take place
In October, UPI based transactions have hit a landmark of one billion transactions. Therefore, as methods of making payments have become technologically advanced, fraudsters have also evolved different ways to con you out of your hard-earned money.
Sebi extends second phase of UPI implementation for retail investors till March 2020
The second phase was to be implemented from July 1, 2019.
Sebi extends second phase of UPI implementation for retail investors till March 2020
The second phase was to be implemented from July 1, 2019.
NPCI grants approvals to payment services, says RBI
In August, the apex court had directed the banking regulator to submit a compliance report on the data localisation efforts undertaken by the Facebook-owned instant messaging platform. The deadline to submit its response is November 29.
WhatsApp can’t start payments business, RBI tells SC
NPCI manages UPI, which clocked over a billion transactions last month. The SC had recently asked RBI to update it on WhatsApp’s data localisation status. WhatsApp could be hit in its biggest mkt. This was RBI’s response dated November 6 to the SC as the apex court had asked it to update it on WhatsApp’s data localisation compliance status in August.
Google, Walmart help drive India payments past 1 billion transactions
Indian digital payments took off when the govt pushed demonetization in 2016, invalidating most of the country’s high-value currency notes in to curb corruption and push Indians away from cash. UPI has now surpassed a 100 million users 3.5 years after its launch, thanks to booming smartphone use and wireless data rates among the lowest in the world.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
