Wednesday, 18 May, 2022
TopicMobile digital payments

Topic: Mobile digital payments

Prosus-backed PayU to acquire payment gateway company BillDesk for Rs 345 bn

BillDesk, backed by Visa, was one of the pioneers of online payments in India alongside larger rival Paytm. Its services are common especially among retailers in the country.

Bill Gates praises India’s digital finance policies as a model for the world

Citing India's platforms for universal identification and digital payments, Gates said the policies drastically reduced the cost and friction of distributing aid to the poor.

50 nations promised cash to fight Covid. Few, like India and Bangladesh, are doing it right

India’s trinity of Jan Dhan, Aadhaar, and mobile communications — or JAM — can work wonders if it is used extensively to reform citizen–state engagement.

Indian company, not Chinese, can dominate global payments: Paytm’s Vijay Shekhar Sharma

‘India’s payments leader will build a low-cost, highly scalable model in an extremely competitive environment. The winner here can go win anywhere.’

PayTM helping SoftBank wade into Japan’s crowded digital payments space

Dozens of employees of the Indian startup are said to be working in Tokyo on getting the service up and running.

On Camera

YourTurn

Chinese President Xi Jinping | Representational image| kremlin.ru

Chinese economy is feeling the heat. Blame Xi’s political Lysenkoism, vaccination policy

Smarting from the failures of his Great Leap Forward campaign, which hit the economy hard, Mao launched the 1962 war with India to rally the nation behind him.
Congress supporters staged a protest against inflation in Ranchi on 10 May | ANI

As inflation breaks records, Modi govt plans to counter criticism ahead of anniversary & polls

While retail inflation hit an 8-year high of 7.8% in April, wholesale inflation surged to a 9-year high of 15.08% on the back of elevated food and energy prices in the same month.

Defence

Satellite image of the development on the site | Twitter | @detresfa_

China building ‘bigger, broader’ 2nd bridge at Pangong Tso that can carry armoured columns

China's People's Liberation Army aims for multiple routes to counter any possible operations by the Indian forces on the southern banks of the Pangong Tso in the future.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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