Photo: VCCircle
Paytm Shares Fell 6.2% On Regulatory Concerns, Suspicions About CEO Reappointment
Paytm's shares declined 6.2% on August 12 due to a proxy advisory firm's resistance to the company's CEO reappointment and central bank's recommendations for digital lending applications. Institutional Investor Advisory Services opposes reappointment of Vijay Shekhar Sharma as CEO and managing director. IIAS also expressed worry that… read-more
Tags: Paytm, Shares, CEO, Reappointment, Digital Payment App
Courtesy: DNA INDIA
Photo: Trak.in
Adani Group To Launch Digital Payment Platform
Adani Group has decided to launch a ''super app'' to rival companies like PhonePe, Paytm, GooglePay, Tata, and Reliance. Adani Group chairman Gautam Adani said ''It took less than 30 minutes for me to decide that we must become a player in this space'' as he saw the mockup of the app in July 2021. However, the launch date is yet to be announced by the group.
Tags: Adani Group, Digital Payment App, Super App, GooglePay, phonepe
Courtesy: Zee News
Photo: News On AIR
Bhutan Adopts India's E-Payment Gateway 'Bhim'
India’s mobile payment app Bharat Interface for Money (BHIM) has been launched in Bhutan on July 13. Besides, capsizing Bhutanese businesses, it will also aid the Indian businesses and tourists in the country to use cashless transactions. Developed by the National Payments Corporation of India (NPCI), BHIM is based on Unified Payment Interface (UPI). Further, Indian has completed the launch of RuPay card, an Indian Payment gateway in 2020.… read-more
Tags: BHIM, UNIFIED PAYMENTS INTERFACE, Bhutan, Digital Payment App
Courtesy: Zee News
Photo: Forbes
PhonePe Tops Among UPI Apps; Clocks 42% Of Overall Jan Transactions
With a 7% hike, over 968.7 million UPI transactions were done through digital payment app PhonePe in January. The app, leaving behind its competitor Google Pay, processed a total value of Rs 1.92 trillion. Moreover, 42% of the total Unified Payments Infrastructure (UPI) transactions were made through the app. However, the transactions on Google Pay showed a slight decline processing 853.5 million (37%) UPI transactions.
Tags: phonepe, Google Pay, UPI, NPCI, Digital Payment App, Digital Payment
Courtesy: LiveMint
