Friday, November 3, 2017, 1:15 PM
Indian Railways has increased the monthly cap on tickets booked on the ICRTC portal from six to 12 for Aadhaar-verified passengers, officials said. The move, which came into effect on October 26, is believed to be an innovative way for the railways to encourage passengers to link their Aadhaar numbers to their online booking accounts on IRCTC.
Friday, November 3, 2017, 7:56 AM
Paytm launched a “chat” feature on its payments app that allows users to send and receive payments natively, in a major move towards introducing social payments in India.The latest update will include ‘Paytm Inbox,’ a chat messenger-like interface. It will allow users to send, receive and even send a request for funds from within messenger, besides usual functionalities like texting, media-exchange and location sharing.
Friday, November 3, 2017, 7:27 AM
All new four-wheelers will need to get FASTags fixed on their front windscreens before these come out of factories or from dealers from December 1, the transport ministry notified on Thursday. In the case of vehicles, which have drive-away-chasis including trucks and buses such as trucks and buses, the FASTags will be installed by owners before their registration.
Friday, November 3, 2017, 7:26 AM
NHAI has rolled out program for Electronic Toll Collection on Toll Plazas on National Highways to be called FASTag. FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid account linked to it. It is affixed on the windscreen of your vehicle and enables you to drive through toll plazas.
Thursday, November 2, 2017, 9:43 AM
Global digital payments pioneer PayPal is set to offer domestic payment services in India from next week, said people aware of the matter, entering a market rapidly overcrowding with domestic and global companies. PayPal, which has established a local subsidiary, would have to battle market leader Paytm as well as Google's Tez, Facebook's WhatsApp, Flipkart-owned Phonepe, and Amazon Pay for a share of India's retail payments pie.
Thursday, November 2, 2017, 7:24 AM
Google's entry into the Indian payment space has fired up the Unified Payments Interface (UPI) platform — Bhim app. The UPI-enabled payment app Tez, launched by Google in September 2017, has grabbed 67% market share in terms of transactions for the month of October 2017. According to industry persons, 7.5 million Android users have been making trial transactions sending small amounts to each other.
Wednesday, November 1, 2017, 11:29 AM
Online retailer Flipkart's payments arm PhonePe launched on Tuesday a low-cost point-of-sale device, as part of the company's strategy to tap into the offline market, competing directly with Noida-based rival Paytm, which has a strong offline presence through its QR codes. The device, which is integrated with a bluetooth and doesn't require internet connection, will be piloted with 5,000 merchants in Bengaluru.
Tuesday, October 31, 2017, 10:23 PM
Digital payments major MobiKwik has hired a string of top-level executives to manage its offline digital payments business and help the company to strengthen its technology platform to support such transactions. It has roped in home design & building platform Renomania co-founder Rahul Lodha as vice president for technology. Even Apurva Anand has joined the company as national sales head for offline retail.
Tuesday, October 31, 2017, 8:48 PM
Bitcoin jumped to an all-time high above $6,300 on Tuesday, after the world’s largest futures market operator CME Group (CME.O) said it would launch a regulated trading venue for cryptocurrencies in the fourth quarter of 2017. The new futures contracts will be settled in cash, based on the CME ‘CF Bitcoin Reference Rate’, a once-a-day reference rate of the U.S. dollar price of bitcoin, the company said.
Tuesday, October 31, 2017, 3:47 PM
WhatsApp is set to join the long list of companies working on providing a payment option to their users. As per recent reports, the chat-based platform is set to roll-out a new feature that will enable WhatsApp users to make fund-transfers from within the app itself. The feature on which the company has apparently been working for the past few months may see the limelight within the coming months.
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