Around 83% of large India-headquartered corporates now employ at least one bank for cross-border trade and payments—a metric that serves as a good proxy for international operations, says CRISIL.
Zomato doesn't see it having a significant competitive advantage against the incumbents in the payments space.
Digital Rupee is issued in the same denominations as that of paper currency and coins currently in use.
This comes days after CCI imposed two separate penalties worth ₹1,337.76 crore and ₹936.44 crore on the tech giant.
Platforms such as SI Hub, MandateHQ and UPI Autopay are helping card issuers and merchants to streamline recurring payments for customers.
Founder and CEO Vijay Shekhar Sharma says Paytm’s technologies are not just for emerging markets, but for developed markets, too. However, India remains the focus.
Paytm Mall, recovering from the cashback-cash burn syndrome, is hoping its hyperlocal plan will help it carve a niche in India’s e-commerce market.
A close look at the evolution of payment systems in India as the Reserve Bank of India removes charges on RTGS and NEFT systems.
India needs a payments regulator that is proactive and tries its best to accommodate interests of participants, especially when the industry is in its teething stage.
French, who is an SVP at the U.S.-based National Retail Federation, says the payment business is not just heavily regulated but also cumbersome and tough to break in.
