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Introducing Our Updated Digital Payments In India Report - 2020 #Ad


Payments Banks
Other Reserve Bank of India or NPCI-operated platforms
According to PwC, digital payments in India will grow to Rs 238 lakh crore by 2025 from Rs 92 lakh crore in 2019-20, while the total volume of transactions is expected to grow to 167 billion from 42 billion during the same period. In fact, according to an NPCI survey at least 40% of households have started using digital payments platforms post the COVID-19 lockdown last year and at least 80% of them use a payments app, be it Google Pay, PhonePe or Paytm.
While the adoption of mobile based payments have increased significantly in the last year, debit and credit card payments have not grown all that much. Perhaps, this is because low-value debit card transactions are being replaced by UPI transactions and credit card transactions are being replaced by fintech credit products, particularly Buy Now Pay Later schemes. At the same time, transaction failure rates on UPI, particularly among government-owned ....

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LT Foods picks 30% stake in Netherlands-based Leev through subsidiary


LT Foods picks 30% stake in Netherlands-based Leev through subsidiary
LT Foods Ltd sells packaged rice under the Daawat, Heritage and Royal brands. This acquisition gives LT Foods subsidiary NBF BV a reach to the consumers directly via the mainstream distribution strength of Leev.
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New Delhi: LT Foods Ltd, which sells packaged rice under the Daawat, Heritage and Royal brands, on Wednesday said it has acquired a 30% stake in Leev.nu, a Netherlands-based packaged foods company, through its subsidiary Nature Bio Foods BV.
The transaction allows Nature Bio Foods (NBF BV) an option to acquire a further 21% stake in Leev.nu at the end of five years, the company said in a statement. ....

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