NTT DATA PAYMENTS SERVICES
How balanced is the surplus Balance of Payments!
RBI's BoP data shows a $5.7 bn surplus for March 2024, driven by service exports and $107 bn remittances. It reverses an $8.7 bn deficit. Fiscal year's deficit is $23.3 bn. Merchandise trade deficit narrowed. Despite the surplus, net FDI flows dropped, and rupee appreciation is unlikely. Global Captive Centers indicate services expansion, but domestic manufacturing growth remains subdued.
F&O Talk | Caution suggested amid record highs, focus on value opportunities: Sahaj Agarwal of Kotak Securities
The Indian equity market witnessed a positive week as both the Nifty 50 and Bank Nifty indices ended in the green. The Nifty 50 gained 1.3% to close at 24,323, while the Bank Nifty rallied 0.61% to settle at 52,660.
SBI Card shares down 1.85% as Nifty drops
A total of 86,036 shares changed hands on the counter till 01:19PM (IST).
Hamara gaon, hamara digital push
While smartphone adoption among low- and moderate-income (LMI) communities is growing, usage is limited to social media and messaging apps. This indicates that critical challenges continue to hinder the use of digital payments for close to 1 bn LMI people, especially women and people from marginalised communities.
SBI Card shares down 1.04% as Nifty gains
The stock quoted a 52-week high price of Rs 892.75 and low of Rs 649.0.
Breaking boundaries: Payoneer's game-changing approach to global payments for Indian SMBs—insights from Gaurav Shisodia
In an exclusive conversation with EconomicTimes.com, Gaurav Shisodia, Vice President of Payoneer India, delves into how Payoneer’s innovative solutions empower SMBs. Diving deep into the paradigm of cross-border transactions, Shisodia highlights its role in driving global disruption and positioning Indian SMBs for international success.
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SBI Card shares decline 0.48% as Sensex climbs
A total of 16,885 shares changed hands on the counter till 01:23PM (IST)
A report shows, India's non-cash payments on ecommerce platforms surge to 58.1% from 20.4% six years ago
India has seen the fastest jump in alternative payment share for ecommerce payments in the Asia Pacific region from 20.4% in 2018 to 58.1% in 2023 says a report by GlobalData, a data and analytics company. The report showed that such alternative payments are already popular in countries like China and India and are gaining traction in other APAC markets.
SBI Card shares down 0.01% as Nifty gains
A total of 55,926 shares changed hands on the counter till 01:54PM (IST).
Fino Payments Bank eyes tripling digital banking revenue share by FY25
Fino Payments Bank sees an opportunity in the digital banking space after Paytm Payments Bank's exit. To capitalise on this, they're ramping up their digital offerings, aiming to grow their digital revenue share from 5-6% in FY24 to 15% this fiscal year. Since December, Fino has deployed around 14,000 QR codes which reported 300,000 transactions valued at Rs 33 crore.
Surprise poll results impact startups' plans, and other top stories this week
In a week charged with political buzz, the BJP government came back to power after a stormy election, but without a full majority that left it dependent on the whims of its alliance partners. Unnerved, the markets went into a tailspin on counting day, with both benchmark indices, Sensex and Nifty50, dropping 8% intraday. They recovered a day later as hopes of a stable government revived.
HDFC Bank's netbanking services will not be available for several hours on 9th and 16th June. Check details
HDFC Bank announces scheduled maintenance for online services on June 9 and 16, affecting netbanking, mobile app services, and transactions including UPI payments.
SBI Card shares rise 1.25% as Sensex climbs
A total of 25,573 shares changed hands on the counter till 11:57AM (IST)
G20 Sherpa Amitabh Kant lauds India's digital transformation journey in 9 years
India has made significant strides in digital transformation over the past nine years, with a 96% reduction in data costs and a 1.4 billion people now having a unique digital identity (Aadhar). This has led to greater access and usage of digital services across the country. India's Unified Payments Interface (UPI) has seen exponential growth, contributing 46% of the global share in real-time digital payments.
RBI going Hi-tech in regulation, risk management
The Reserve Bank of India is on a drive to raise the use of technology in key areas like supervision and risk management but flagged the downside risks and how widespread the challenges could be in the adoption of Artificial Intelligence and Machine Learning.
SBI Card shares decline 0.27% as Sensex climbs
A total of 24,756 shares changed hands on the counter till 12:12PM (IST)
SBI Card shares decline 0.11% as Sensex climbs
A total of 22,748 shares changed hands on the counter till 11:11AM (IST)
SBI Card shares down 0.07% as Nifty gains
A total of 29,331 shares changed hands on the counter till 11:36AM (IST).
SBI Card shares down 0.12% as Nifty gains
A total of 12,903 shares changed hands on the counter till 11:51AM (IST).
New PoS deployment grows at slowest pace since demonetisation: RBI data
Industry insiders told us that while new PoS terminals are still being deployed, it’s mostly in organised and large format retail, which offer all payment forms. However, grocery shops, smaller stores and eateries are tilting towards QR code-based UPI transactions.
SBI Card shares down 0.11% as Nifty gains
The stock quoted a 52-week high price of Rs 932.35 and low of Rs 678.8.
A cyberattack on a big US health system diverts ambulances and takes records offline
A cyberattack on the Ascension health system in the U.S. disrupted medical services, diverted ambulances, and blocked online access to patient records. The attack affected hospitals across 19 states and the District of Columbia. Patients reported missed medical appointments, including CT scans and mammograms, and difficulties refilling prescriptions. Ascension confirmed the incident as a cybersecurity issue but did not specify if it was a ransomware attack. The health system advised patients to bring medical information to appointments and disclosed that downtime procedures would be in place for some time.
Paytm Paytments Bank moves bill pay business to Euronet India
Paytm Payments Bank transitions bill payment operations to Euronet Services India, impacting commission revenue. Senior executives resign amidst business challenges, influencing OCL's performance in the market.
Shiprocket expands services to boost revenue beyond shipping
Shiprocket, an ecommerce logistics startup, expands revenue streams beyond shipping to include marketing, sourcing, payments, and lending services. Praful Poddar, the chief product officer, outlines the company's revenue sources and growth strategies in detail.
Paytm market cap nears $2.5 billion as shares continue to tumble
When it was listed on the public bourses in 2021, Paytm was valued at nearly $20 billion.
SBI Card shares down 0.76% as Nifty drops
A total of 24,764 shares changed hands on the counter till 12:28PM (IST).
SBI Card shares down 2.01% as Nifty drops
A total of 77,912 shares changed hands on the counter till 01:43PM (IST).
SBI Card shares rise 1.48% as Sensex climbs
A total of 19,332 shares changed hands on the counter till 11:16AM (IST)
SBI Card shares down 0.13% as Nifty falls
The stock quoted a 52-week high price of Rs 932.35 and low of Rs 678.8.
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