merchant payments

New Delhi, March 25 Businesses can now use UPI, debit or credit cards to pay customs duty on the ICEGATE portal, the Central Board of Indirect Taxes and Customs (CBIC) has said.The CBIC, in a circular, stated that the ICEGATE e-Payment platform has enabled a "Payment Aggregator" as an...

New Delhi, March 23 Paytm, operated by One 97 Communications, continues to maintain its dominant position in the merchant payments platform, which is expected to drive its growth over the next two years, according to brokerage Jefferies on Monday.The brokerage retained its 'Buy' rating on the...

New Delhi, March 4 India's most valuable fintech firm, PhonePe, is aiming to list at a valuation between USD 9 billion and USD 10.5 billion (approximately INR 75,000 crore to INR 87,000 crore), as it expects to raise around USD 1.05 billion from the sale of shares, sources aware of the...

New Delhi, February 26 The digital payments giant, PhonePe, has reported strong revenue growth and a sharp decrease in losses over the past three fiscal years, indicating a shift towards sustainable monetization and operational efficiency, according to its draft red herring prospectus (DRHP)...

New Delhi, February 24 Financial disclosures filed by PhonePe indicate a significant improvement in revenue scale, profitability metrics, and cash generation over the last three fiscal years, signaling a shift in the company's financial trajectory amid India's evolving fintech landscape...

New Delhi, February 23 Merchant payments are emerging as the more attractive segment in India's digital payments ecosystem, with Paytm maintaining an edge in revenue intensity and profitability, according to a February 23 report by Bernstein.The brokerage said that merchant acquiring offers...

New Delhi, February 19 Over the past decade, PhonePe has evolved from a pioneering UPI platform into what many consider a "fully diversified fintech platform".With over 65 crore registered users and a merchant acceptance network of more than 4.7 crore, spanning from major cities to remote...

New Delhi, February 19 India's digital payments ecosystem is moving beyond a focus on scale, with merchant payments emerging as the primary driver of revenue, accounting for nearly three-fourths of the industry's net revenue pool, according to Bernstein's latest sector analysis.The brokerage...

New Delhi, February 16 In-Solutions Global Ltd (ISG) announced on Monday that it has received regulatory authorization from the Reserve Bank of India (RBI) across all three Payment Aggregator categories – online, offline, and cross-border.The approval was granted under the latest RBI Master...

New Delhi, February 13 NPCI International Payments Ltd (NIPL), the international arm of NPCI, has signed an agreement with Payments Network Malaysia Sdn Bhd (PayNet), Malaysia's national payment network, to enable QR-based merchant payments between India and Malaysia.The rollout of this...