Elon Musk, head of American electric vehicle (EV) maker Tesla, no longer has the position of the richest person in the world. Bernard Arnault, chairman and CEO of luxury goods maker Moet Hennessy Louis Vuitton (LVMH), has achieved this title, leaving Musk behind. According to Forbes’ Billionaires List, last week the net worth of Arnault…
Paytm, which deals with payment services, has received a Third-Party Application Provider (TPAP) license from the National Payments Corporation of India (NPCI). Paytm’s banking unit Paytm Payments Bank (PPBL) was ordered by the Reserve Bank of India (RBI) to stop services from March 15. The reason for this was the compliance violations committed by PPBL….
There were approximately 131 billion Unified Payments Interface (UPI) transactions in the country in the last financial year. Their total value was approximately Rs 200 lakh crore. According to data from National Payments Corporation of India (NPCI), in the last financial year there were about 83.7 crore UPI transactions whose value was about Rs 139…
The scope of online payments has increased rapidly in the last few years. Unified Payments Interface (UPI) transactions have created a record in May. Last month, there were 14.04 billion UPI transactions whose value was approximately $20.45 trillion. This is an increase of six percent in terms of volume and four percent in value as…
The crypto segment has grown rapidly in the last few years. In the first half of this year, the capitalization of the international cryptocurrency market increased by almost 44 percent to $ 720 billion. The launch of Bitcoin ETFs earlier this year has accelerated the growth of this segment. One of the crypto exchange Binance…
Payment services company Paytm, which has been facing difficulties for the last few months, has seen its share in Unified Payments Interface (UPI) transactions decline for the fourth consecutive month. Paytm’s share in total UPI transactions declined to 8.1 percent in May. In January, the Reserve Bank of India (RBI) had ordered the closure of…
Workers have been laid off from One97 Communications, Paytm’s payment services company. Earlier this year, the Reserve Bank of India (RBI) had ordered the closure of Paytm’s banking unit. Since then the company is facing difficulties. There has also been a huge fall in the share price of Paytm. One97 Communications has said in a…
Total gross merchandise value (GMV) at payments and financial services firm Paytm grew 35 per cent year-on-year to about Rs 2.65 lakh crore in April and May. Paytm’s average monthly transacting users (MTU) also increased by 24 percent to 9.2 crore in the last two months. in the last few years Paytm Has increased its…
Nvidia, associated with the technology business, has achieved the feat of becoming the world’s most valued company. It has left Microsoft behind among the big software companies. Nvidia has benefited from the rapid growth of the Artificial Intelligence (AI) segment. chip maker Nvidia Shares rose nearly 3.5 percent to $135.58. With this, the market capitalization…
Digital payment service Unified Payments Interface (UPI) is being expanded rapidly abroad. This QR based service has been launched in the United Arab Emirates (UAE). For this, NPCI International Payments Limited (NIPL) has tied up with Network International. Through Network International’s more than two lakh point-of-sale (POS) terminals in the UAE UPI Payments can be…