Offline Payments News Today

The report highlighted that Paytm anticipates loan rates to stabilise between 3% to 3.5% in the long run.

The company had posted a loss of Rs 167.5 crore in the same period a year ago, the company said in a regulatory filing.

Fintech firm One97 Communications, which owns the Paytm brand, on Wednesday said its loss in the fourth quarter of the financial year 2023-24 has widened to Rs 550 crore following the ban imposed by the RBI on transactions related to its payments bank. The company had posted a loss of Rs 167.5 crore in the same period a year ago, the company said in a regulatory filing. Our fourth quarter FY24 results were impacted by temporary disruption on account of UPI transition etc. and permanent disruptio...

Noida: Ahead of Paytm’s announcement of its yearly and fourth-quarter financial results later this month, two senior officials have stepped down, adding to a growing trend of top-level departures at the Noida-based mobile payments company, media reported.

The resignations come after President and COO Bhavesh Gupta, a close confidante of founder Vijay Shekhar Sharma, resigned from his position last week and transitioned to an advisory role.

Breez Wallet, a prominent player in the Lightning Network (LN) ecosystem, has introduced a groundbreaking solution that facilitates Lightning Network payments even when users are offline.

Sovereign Wallet (SWN Global) is one of 12 CBDC technology vendors participating in the BIS's "Project Polaris: A High-Level Design Guide for Offline Payments with CBDC," alongside major central banks including Bank of Finland, Bank of Israel, Central Bank of Iceland, European Central Bank, Norges Bank, Sveriges Riksbank, BIS innovation hub Nordic Centre, Consult Hyperion, and tech companies such as Google, IBM etc

NPCI launches voice-enabled UPI payments, credit lines, offline payments, and more to enhance India's digital payment ecosystem.

The NPCI collaborated with AI4Bharat at IIT Madras to develop Hindi and English payment language models

The RBI had proposed to increase the limit on August 10 while sharing the outcome of the monetary policy committee meeting