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Fintech company BharatPe on Monday said it has clocked 106 million transactions in the UPI QR payments category in March, and aims to grow UPI payments by three times in 2021-22. The company recorded USD 830 million worth of transactions (USD 10 billion annualised) in March 2021, according to a statement. BharatPe continued its trend of outgrowing the market with an 8.8 per cent market share, it added. Over the last 12 months, BharatPe has grown exponentially and has been able to establish itself as one of the fastest-adopted payment systems in the UPI person-to-merchant (P2M) segment. The company has recorded a growth of 7x in volume of UPI transactions from April 2020 to March 2021, it said. ....
Read more about Chinese regulator orders Ant Group to carry out a major overhaul on Business Standard. Ant Group is a financial affiliate of e-commerce giant Alibaba Group Holding ....
Digital financial services firm Paytm said Thursday it achieved over 1.4 billion transactions in March, led by growth in offline payments and financial services. The firm said it continues to register, on average, 15 per cent month-on-month growth. In February, Paytm had touched the 1.2 billion transactions mark, making this a nearly 17 per cent increase from the previous month. Paytm is the only company that provides the widest range of options to both merchants and customers which has helped us to achieve over 1.4 billion monthly transactions. Consumers can pay from Paytm wallet, UPI, Paytm postpaid, credit or debit cards, and bank accounts. Similarly, merchants can accept payments into their wallet or in any bank account. Paytm has the widest network of merchants in the country with over 20 million merchants partners. We want to serve all spectrum of merchants, from street vendors to large retailers as we continue our efforts to enable them with IoT-based digital pa ....
Read more about India s fintech industry seen at $150-160 bn by 2025: FICCI-BCG report on Business Standard. The Federation of Indian Chambers of Commerce & Industry (FICCI) and Boston Consulting Group (BCG) on Saturday unveiled India FinTech: A USD 100 Billion Opportunity report. The report details the findings from the study that BCG and FICCI ....
Financial services platform Paytm on Tuesday launched two new Internet of Things (IoT)-based payment devices, helping businesses to accept card payments on Android phones. The Paytm Smart PoS application allows smartphones to accept debit and credit card payments like an electronic data capture machine does. Supported by the Paytm for Business app, the Smart PoS will enable merchants to start accepting contactless card payments. The payment will be enabled through the near field communication (NFC). Paytm has partnered with financial services institutions, including Visa and MasterCard, for facilitating card payments for Smart PoS. Merchants need to sign up on the Paytm for Business App, after which they will be required to download the ‘Paytm Smart PoS’ on their Android-based mobile phones. Once downloaded, merchants can start collecting payments from their customers by tapping the card on the back of their smartphones. The payment is then successfully collect ....