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Source: Live Mint PhonePe recently announced that it will tokenise debit and credit card details for users on its app, thus enabling secure and safe digital transactions. This means users do not need to save their card details such as card number, CVV on the PhonePe app to carry out transactions via this UPI (Unified Payments Interface)…
Source: Live Mint Convenience is the most important thing in the modern digital age. One particularly great feature in UPI apps is being able to link a credit card, making paying even simpler. That is all the information that you will require to associate your credit card with PhonePe and make responsible use of it…
Source: Live Mint For S Anand, managing household expenses for her ageing parents had always been a challenge. Her father, a senior citizen, often hesitated to make digital payments himself, worried about entering incorrect details or navigating complex UPI interfaces. Anand found herself either making payments for him or transferring the money from her own…
Source: Live Mint The Reserve Bank of India (RBI) recently allowed the users of prepaid payment instruments (PPIs) to access UPI services via third party applications. This is seen as a commendable move which will give a massive boost to the digital payment ecosystem in India. In order to understand this, let us first understand…
Source: Live Mint Setting up UPI for NRIs NRIs must first link their international mobile numbers to their NRE or NRO bank accounts. This step is most important for enabling UPI or Unified Payments Interface transactions with their overseas numbers. Once linked, NRIs can download a UPI-enabled application compatible with international mobile numbers, such as…
Source: Business Standard 2 min read Last Updated : Oct 14 2024 | 6:38 PM IST Payments major PhonePe on Monday said it has tied up with Bajaj Allianz General Insurance to offer affordable insurance coverage against firecracker-related accidents during Diwali for a limited period. The insurance cover entails a sum insured of…
Source: Business Standard 2 min read Last Updated : Oct 03 2024 | 9:48 PM IST Payment aggregator platforms PhonePe and Easebuzz are under investigation by the Delhi Police’s cyber security cell, the Intelligence Fusion and Strategic Operations (IFSO) unit, for suspected negligence in opening merchant accounts linked to a Rs 500 crore investment…
Source: Live Mint With a string of Initial Public Offerings (IPO) being made by companies across sectors, investors are practically spoilt for choice. With the IPOs of Baazar Style Retail, PN Gadgil Jewellers and Bajaj Housing Finance IPOs just concluded, there are many more IPOs lined up in the near future. In August alone, 17…
Source: Live Mint Why are health insurance policies sold by banks, or the likes of Paytm and PhonePe, much cheaper? How do these plans work? Are there any potential drawbacks one should be aware of? —Name withheld on request Health insurance plans offered by banks or mobile apps are often cheaper because they are typically…
Source: Business Standard It processes transaction values of about Rs 100-200 crore every month. Credit cards on UPI record about Rs 10,000 crore a month. 2 min read Last Updated : Aug 22 2024 | 3:46 PM IST Fintech major PhonePe on Thursday announced the launch of a credit line on the Unified Payments…
