VARINDIA IT MAGAZINE

PM Modi launches e-RUPI digital payment platform:  Prime Minister Narendra Modi   on Monday launched   e-RUPI , an electronic voucher that promotes digital payment . "Today the country is giving a new dimension to digital governance," said PM Modi during the virtual launch. "e-RUPI voucher is going to play a huge role in making DBT more effective in digital transactions in the country," he added.   It is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries. The users of this seamless one-time payment mechanism will be able to redeem the voucher without a card, digital payments app or Internet banking access, at the service provider, the official statement said.   The instrument has been developed by the  National Payments Corporation of India  on its UPI platform, in collaboration with the Department of Financial Services,  Ministry of Health and Family Welfare  and National Health Authority.   T...

According to industry reports, Tapzo has been in advanced talks with Amazon for its acquisition by the latter. It is said that both Amazon and Tapzo have been in talks for over four months. Sequoia Capital-backed Tapzo began talks with Amazon in April this year. Both the companies have given the green signal for the deal. If nothing goes wrong from here then the acquisition could be announced by the next month. However, the initial discussion didn’t take off owing to the valuation offered by Amazon to Tapzo, with fresh discussions starting only in July. Tapzo is a super app which allows users to access more than 35 apps, such as Flipkart, Amazon, Ola, Uber, and others. As a part of its new business line, users can recharge mobile, DTH and data card, make bill payments, order cabs and food, book flight and bus tickets amongst many other things on a new technology layer that it is offering.... Read More

One97 Communications Limited that owns the brand Paytm has further unified bank transfers for its customers with the new “My Payments” feature on its app. This will enable Paytm users to make recurring, high-value payment and other monthly expenses in an instant. Using the Paytm app, Bank Transfers can be done from any Bank Account to any Bank Account, making it easier for customers to make payments at 0% charge. Even non-KYC Paytm users can avail this facility. With this new addition to its multilingual app, the company is confident of a substantial increase in the Bank Transfers transactions on its platform. Paytm is aiming to process Rs.60,000 crore in monthly Bank Transfers alone by the end of this year. It has been aggressively educating its users to link their bank accounts and experience instant and secure Bank Transfers for a wide variety of regular use-cases like house rent, business payments, fee, salaries and peer-to-peer payments among others, while emerge as a on...

After six months of negotiations, the e-tailer giant, Snapdeal has closed all talks with Flipkart about its merger. According to the news report, a company spokesperson has said that the company has been exploring strategic options for the past several months, but it has now decided to follow an independent path. Snapdeal has always focussed on creating a life-changing experience for the buyers and sellers and to take it further. The company is expected to be financially self-sustainable with the sale of certain non-core assets..... Read More