Citrus Payment guns for $4 bn GMV strike rate in FY16

Last Updated: Sunday, August 16, 2015, 20:10

Sequoia Capital-backed Citrus Payment Solutions, which operates online checkout and payment solution Citrus Pay, is looking to double its gross merchandise value (GMV) run rate to about USD 4 billion by the end of the fiscal.

PayPal buys money-sending service Xoom in $890 mn deal

Last Updated: Thursday, July 2, 2015, 06:55

Online payments titan PayPal said Wednesday it is buying international money-sending service Xoom in a deal valued at $890 million.

Alibaba Group in talks to buy stake in India’s Paytm: Report

Last Updated: Tuesday, June 30, 2015, 14:23

Chinese e-commerce giant Alibaba Group Holding Ltd is in advanced talks to invest in Indian online payment platform and e-commerce firm Paytm, two sources with knowledge of the matter said on Tuesday.

Govt proposes tax benefits for card payments

Last Updated: Monday, June 22, 2015, 19:22

The government also proposed to make it mandatory to settle high value transactions of more than Rs 1 lakh through electronic mode.

HDFC Bank unveils PayZapp online payment solution

Last Updated: Monday, June 15, 2015, 14:20

"PayZapp, a payment solution, will revolutionise the way payments and purchases are done on the go today using mobile devices.

Paytm eyes $3-4 bn GMV by fiscal-end

Last Updated: Thursday, June 4, 2015, 17:03

Mobile commerce firm Paytm expects to clock a gross merchandise value (GMV) run rate of USD 3-4 billion by the end of March next year on the back of strong growth in transactions on its marketplace.

IndusInd Bank, Worldpay ink pact to offer services in India

Last Updated: Wednesday, May 20, 2015, 12:41

This partnership will allow each company to benefit from the other's respective expertise in domestic and international payments thereby helping in promoting online payment services in India.

Paytm partners CCD, Domino's for offline payment

Last Updated: Sunday, May 3, 2015, 13:28

A mobile wallet is a prepaid payment instrument, which allows customers to digitally store money in a secure virtual wallet and use it to pay bills and other services.

Visa Europe plans credit card-cloaking that could pave way for Apple Pay

Last Updated: Tuesday, February 24, 2015, 14:45

Visa Europe said on Tuesday it would offer a secure way for consumers to pay retailers with their smartphones while concealing credit card details, a move that could set the stage for Apple`s Apple Pay and rival payment services to be introduced into Europe in coming months.

Nasscom for one-step authentication for small online payments

Last Updated: Wednesday, December 10, 2014, 19:57

A two-step authentication is generally prevalent in the country unlike developed nations. First step of authentication is feeding PIN and the next step is punching in secure code or one-time pin (OTP).

PNB launches online facility for payment of property tax

Last Updated: Saturday, December 21, 2013, 10:04

The main highlight of this system will be that it will automatically calculate property tax payable on simply entering property details.

UK visa: Online payment must for Indians from Dec 16

Last Updated: Thursday, December 5, 2013, 18:50

All Indians seeking British visa will have to pay the visa fees online through debit or credit cards as other mode of payments such as cash or demand draft will be discontinued from December 16.