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UPI usage volumes surpass wallet volumes in September

Tuesday, November 20, 2018, 12:01 PM

The number of transactions made using the Unified Payments Interface (UPI) overtook that of mobile-wallet transactions for the first time in September this year, data released by the Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI) show. During September, the UPI channel recorded 406 million transactions worth Rs 59,835 crore against 324 million wallet transactions worth Rs 15,102 crore.
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Paytm case: A tech billionaire and the bumbling blackmailers

Wednesday, October 31, 2018, 1:20 PM

The Indian state of Uttar Pradesh has reputation as-a-rough place, with one of highest-levels of crime in the country. In May, dozen local-politicians received WhatsApp messages that threatened harm to their families unless they paid $14,000. Yet even by local-standards, an extortion plot that's surfaced in-recent-weeks stands out for its sheer outlandishness. The billionaire entrepreneur created India's most popular digital payments service called Paytm.
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In an unforeseen twist, Paytm secretary claims she was extorted

Thursday, October 25, 2018, 4:43 PM

In what can only be called an unforeseen twist in the extortion case involving Paytm employees and CEO Vijay Shekhar Sharma, the mastermind of the extortion plot has claimed to be a victim of extortion herself. Sharma's personal secretary Sonia Dhawan, who allegedly hatched the plot, told police that she tried to extort Sharma as she was being extorted.

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