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Tag: upi

E-payments battle leads to $1bn loss for top cos in FY19, Retail News, ET Retail

Digbijay Mishra & Madhav Chanchani | TNN Bengaluru/New Delhi: The battle for domination in the digital payments space has caused a collective loss of over Rs 7,283 crore ($1.03 billion) between SoftBank-backed Paytm, Walmart-owned PhonePe and Amazon Pay during the fiscal ending March 2019. This is a collective increase of 167% from Rs 2,729 crore …

E-payments battle leads to $1bn loss for top cos in FY19, Retail News, ET RetailRead More

Centre hikes e-payments target for FY20 to 45bn, Retail News, ET Retail

Digbijay Mishra | TNN Bengaluru: The government is making changes in its digital payments road map as it has now increased the target for e-transactions in the financial year ending March 2020 to 45 billion (by volume) from 40 billion, two people aware of the matter said. The Ministry of Electronics and Information Technology (MeitY) …

Centre hikes e-payments target for FY20 to 45bn, Retail News, ET RetailRead More

Shopmatic signs partnership with PayU, Retail News, ET Retail

PUNE: International e-commerce company, Shopmatic, has signed a strategic partnership with PayU, which will provide customers an additional payment option. The integration enables Shopmatic merchants to accept payments from customers, seamlessly and from multiple channels, devices, and modes, on a single platform. Anurag Avula, CEO, Shopmatic, said, “The PayU onboarding experience is simple, quick and …

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CEO, Retail News, ET Retail

Madhav Chanchani | TNN Bengaluru: India’s most valued startup at over $10 billion, Paytm, has begun talking of improving margins as loss-making private internet companies across the world come under pressure after office-sharing startup WeWork’s failed public offering. Paytm CEO Vijay Shekhar Sharma told TOI in an interview that the company will bring down its …

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