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India on Tuesday delayed the implementation of market share caps for a popular digital payments method by two years, a move that will benefit Google Pay and Walmart-backed PhonePe. According to ...
According to Tracxn database obtained by EY, alternative lending as the second biggest receiver of investment in FinTech after Payments sector, at 29% of the total share. [1] India's retail digital lending space has grown significantly in the past decade (2012–22) from US$9 billion to US$270 billion with a CAGR of 39.5%. [11]
Mobile Payment Forum of India (MPFI) is the umbrella organisation which is responsible for deploying mobile payments in India. [3] India is the world's largest-growing mobile payments market. [4] Mobile payment surpassed credit card transactions in 2021, clocking an annual value greater than $1 trillion. [5]
E-payments have been heavily promoted in India showing consumers the various ways they can make these payments Including ATMs, the Internet, mobile phones and drop boxes. Due to RBI efforts and the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS), now over 75% of all transaction volume is electronic, including both ...
The National Payments Corporation of India introduced a digital public infrastructure project called Unified Payments Interface in April 2016, which has helped the country attain digital ...
June 7, 2024 at 2:30 PM The S&P 500 and Nasdaq Composite have both posted returns of roughly 10% so far in 2024. One of the biggest catalysts driving these returns is artificial intelligence (AI).
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