Press Release

ItzCash ties up with 100 cos for pre-paid cards

ItzCash ties up with 100 cos for pre-paid cards Digital payments facilitator ItzCash has signed up with 100 small- and large-sized companies to offer pre-loaded salary cards for their employees in the wake of cash withdrawal limits from banks post ban on Rs 500/1000 notes. The company said it has been witnessing a sharp three … Continued

India’s first payment firm IPO – ItzCash?

Volumes cross $2 billion; 40percent uptick in transactions after demonitsation. The country’s largest pre-paid player,ItzCash– part of the $2.4 billion Essel group – may well be the first in the pure-play payments space to go in a for public float of shares. It’s also open to the option of roping in a strategic partner as … Continued

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Paytm, ItzCash, RazorPay and PayU making most of this unexpected business opportunity

Paytm, ItzCash, RazorPay and PayU making most of this unexpected business opportunity It has been an extremely busy period for the fintech industry right from the night of November 8, when the Prime Minister announced demonetisation of high denomination currency notes. For companies in the sector, it was a boon. Banks, on the other hand, … Continued

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ItzCash comes to aid of foreign tourists with prepaid cards

ItzCash comes to aid of foreign tourists with prepaid cards Digital payments company ItzCash has extended the use of its prepaid cards to foreign tourists travelling to India to manage their expenses during the cash crunch in the country. The company started dispersal of prepaid cards through two forex companies at the international airport in … Continued

Comments Off on Naveen Surya in an exclusive talk to Indiatoday.in

Naveen Surya in an exclusive talk to Indiatoday.in

Business Today.in , November 29, 2016 Digitization is the next step after demonetization. Technology firms and start-ups are coming together to offer the best e-wallet to customers for making online payments, across all categories. Cyber threats still exist, but the challenge still remains i.e. the customer education. Naveen Surya, chairman of the Payments Council of … Continued

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Demonetisation: Why the challenge to take digital payment to rural India is as huge as the opportunity

The Economic Times , November 27, 2016 Demonetisation: Why the challenge to take digital payment to rural India is as huge as the opportunity  Dhaturi, a dusty village in Haryana some 54 kilometres from the national capital, is like any other hamlet in North India: a cluster of half-plastered, concrete buildings housing kirana stores; semi-paved … Continued

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Mr. Naveen Surya’s interaction with Economic Times

The Economic Times , November 23, 2016 There has been a sudden demand for e-payment forums: Naveen Surya, Payments Council of India  ET Now: Different digital players we have spoken to have said that their traction has increased, but have you seen any kind of disruptions in payment or completion of transactions or otherwise? Naveen … Continued

Smart Money

The Economic Times (Page No. 22), November 25, 2016 Smart Money In the two weeks since the government announced its demonetization initiative, India’s internet commerce industry has scrambled to adjust. Internet entrepreneurs have applauded the move, ostensibly for its long-term payoffs, although online marketplaces and logistics startups have been hit hard because of the cash … Continued

Maximum e-wallet transactions in 25-35 age group: data

Livemint.com , November 24, 2016 Maximum e-wallet transactions in 25-35 age group: data E-wallets such as ItzCash and Oxigen are being used by people to buy groceries, pay utility bills and book tickets because of a cash crunch following the government’s demonetization drive. The maximum amount of transactions is attributed to the 25-35 age group, … Continued

Comments Off on No transaction charges on debit card payments till 31 Dec: Govt

No transaction charges on debit card payments till 31 Dec: Govt

Livemint, November 23, 2016 No transaction charges on debit card payments till 31 Dec: Govt The government on Wednesday asked banks to waive the merchant discount rate (MDR) or transaction fee charged on debit card payments until 31 December to encourage more customers to use digital transactions.All public sector banks and some private lenders have … Continued