Page-4 of Mobile payments in India

Axis Bank acquires Snapdeal-owned mobile wallet FreeCharge

Axis bank has acquired Snapdeal-owned mobile wallet FreeCharge in an all-cash deal worth Rs 385 crore to strengthen its position in the payments space. This acquisition is expected to help the bank take a significant step towards digital distribution of ..

Govt to launch Lucky Grahak Yojana, Digi-Dhan Vyapar Yojana

The government will launch Lucky Grahak Yojana for Consumers and Digi-Dhan Vyapar Yojana for Merchants to encourage people to move towards digital transactions by offering incentives. The government wants both consumers and merchants to shift to digital payment methods. Under ..

FM asks banks to push for cashless transactions

Finance Minister Arun Jaitley has asked banks to push for cashless transactions by promoting digital banking in mission mode. Post demonetisation, the government not only aims to weed out black money but also encourages digital payments to steer the Indian ..