Online Payments

PayPal Says Profit Jump Flags Shift From Cash Payments in Stores

Reuters | Thursday July 30, 2020

PayPal said that a surge in e-commerce transactions and new accounts that drove quarterly profits 86 percent higher is continuing and it would support additional investments in mobile-payment tools.

TRAI Has Enough Power For Action Against Telemarketers: Paytm Tells Court

India News | ANI | Wednesday July 15, 2020

Online payment platform Paytm on Wednesday informed the Delhi High Court that Telecom Regulatory Authority of India (TRAI) has enough and adequate powers for initiating action against telemarketers who are not getting themselves registered.

Virus Gives Online Payments Fresh Boost 4 Years After Cash Ban

India News | Vrishti Beniwal and Suvashree Ghosh, Bloomberg | Monday July 13, 2020

The coronavirus outbreak may finally accomplish what India's shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from groceries, electricity bills and cab fares.

Paytm Claims Telecom Firms Not Preventing Phishing; High Court Seeks Reply From Telecom Regulator

India News | Press Trust of India | Tuesday June 2, 2020

The Delhi High Court today sought response of the Centre and telecom regulator TRAI on online payment platform Paytm's plea alleging that telecom operators are not blocking those who are defrauding its customers by "phishing" activities over various mobile networks.

Paytm Moves Delhi High Court, Claims Telcos Not Preventing Phishing Activity

Press Trust of India | Saturday May 30, 2020

One97 Communications Ltd, which runs the online payment platform Paytm, has moved the Delhi High Court alleging that telecom service providers are not blocking fraudsters who are defrauding its customers by "phishing" activities over the various mobile networks.

Cash-On-Delivery Banned: Virus-Hit Ahmedabad Turns To Digital Payment

India News | Edited by Vaibhav Tiwari | Monday May 11, 2020

All home delivery and retail companies in Ahmedabad will have to accept payments for their goods and services via online payment platforms starting May 15, a senior Gujarat official said in an order on Monday, adding cash-on-delivery is banned.

RBI Releases Draft Framework For New Payment System

Business | Reuters | Tuesday February 11, 2020

At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.

BJP Declares Receiving Donations Over Rs 700 Crore In FY 2018-19

India News | Press Trust of India | Tuesday November 12, 2019

The ruling BJP has disclosed receiving over Rs 700 crore in donations through cheques and online payments during financial year 2018-19, with electoral trust managed by Tatas contributing half of the money.

Apple Pay in EU Antitrust Spotlight as Regulators Seek Details

Reuters | Wednesday October 30, 2019

European Commission said it had information Apple may have restricted online payments for the purchase of goods and services made via merchant apps or websites, in breach of EU antitrust rules.

Here Are The Service Charges Levied By IRCTC For Ticket Bookings

Business | Edited by Anshul (with inputs from PTI) | Friday September 6, 2019

A maximum of 6 tickets can be booked by an individual user in a month via IRCTC's website/app. However, the ceiling limit has been raised to 12 tickets for the individual users, where accounts are verified through Aadhaar ID and one of the passengers in the ticket booked is verifiable through Aadhaar.

Unified Payments Interface (UPI) Transactions Jump Six Times In 2018-19: RBI

Business | Edited by Sandeep Singh | Friday September 6, 2019

UPI payments: The number of UPI transactions increased to 535.34 crore in 2018-19, from 91.52 crore the previous year. In terms of transaction value, Rs 8,77,000 crore worth of UPI payments were carried out in 2018-19, as against Rs 1,09,800 crore in the year ended June 2018, RBI data showed.

India Verifies WhatsApp Compliance Before Payments Service Approval

Business | Suvashree Ghosh and Anto Antony, Bloomberg | Thursday August 15, 2019

Rules require WhatsApp to submit a third-party auditor report that all data involved in payments will be only stored on servers in India.

Online SBI Transactions: From Next Month, SBI Will Levy No Charges On These Fund Transfers

Business | NDTV Profit Team | Monday July 22, 2019

Online SBI internet banking: From July 1, SBI waived its charges on RTGS and NEFT transactions initiated through online banking and YONO. From August 1, the country's largest bank has decided to waive its charges applicable to IMPS transactions initiated through net banking, mobile banking as well as mobile app YONO. From the same day, it has also...

Delhi Traffic Police Launch E-Challan And Online Payment System

Delhi News | Press Trust of India | Friday July 19, 2019

With the launch of e-challan and e-payment system today, traffic violators can now pay fine online from anywhere, the police said.

Money Debited But Train Tickets Not Booked? Here's What You Should Know

Business | NDTV Profit Team | Wednesday July 10, 2019

The online payment at IRCTC involves complex system of technical and telecommunication networking integration between customer's Internet bandwidth, IT system of banks and payment gateways and is dependent on internet connectivity across various constituents.