#g pay

Transit agencies do themselves and their customers a favor when they don't make would-be passengers buy a new stored-fare card or install a new app.

LONDON My packing list for this short trip to the U.K. did not include any plastic cards with embedded electronics, because London was one of the earlier cities in the world to grasp that you can persuade people to take transit if you will just shut up and take their money right before they board instead of first asking them to buy a reloadable transit fare card. By “money” I mean the kind…

Google Pay tests NFC-based contact-less card payment feature in India- Technology News, Firstpost

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FP TrendingAug 29, 2020 18:22:57 IST

Now, more will be possible in the Google Pay app. According to some reports, the digital wallet platform in India is set to offer card payment option, using limited debit and credit cards, in addition to the Unified Payments Interface (UPI) option.

With the new feature, users will be able to employ near-field communication (NFC) technology and…

Companies News Among UPI (unified payments interface) apps, Google Pay contributed 59 per cent and Walmart-owned PhonePe facilitated 26 per cent, followed by Paytm (7 per cent) and BHIM (6 per cent) in digital transactions in 2019, according to fintech firm Razorpay’s report ‘The Era of Rising Fintech.’

The report provides an in-depth study of a rapidly evolving fintech ecosystem in India and analyses the patterns of digital transactions and the impact of industry innovations, such as UPI, which are harnessing a digitally inclusive economy.

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In 2018, Google Pay contributed 48 per cent and BHIM facilitated 27 per cent in digital transaction, followed by PhonePe (15 per cent) and Paytm (4 per cent).