Demonetisation

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ItzCash to deploy more point of sales terminals for larger digital acceptance network

ItzCash to deploy more point of sales terminals for larger digital acceptance network Digital payments company ItzCash is planning to scale up its Point of Sales terminals in order to enable its merchants to accept digital payments through cards. Having already deployed 30,000 terminals post demonetisation, the company plans to scale it up to 1 … Continued

Pre-paid cards innovate fast after demonetisation

Pre-paid cards innovate fast after demonetisation The push towards a cashless society is seeing new developments in pre-paid cards. And these cards are being used for a much wider range of services. Now, you can eat at a restaurant, pay toll charges, fill fuel in your car, buy medicines at pharmacies, book air tickets, do … Continued

Transforming the digital payments landscape

Our country is on a journey to becoming a digital superpower and, over a period of time, we all have realized that this vision of Digital India cannot be complete without digitizing cash-use in our country. A less-cash environment is completely dependent on a robust digital payments ecosystem, which is still at a nascent stage; … Continued

Labour gain

Labour gain Kris Lakshmikanth, CEO of the recruitment firm Headhunters India, was recently at Indian Institute of Management Ranchi to give a lecture. He had lunch at the institutes cafeteria, and when he was about to pay the bill the cashier requested him to pay through Paytm. Lakshmikanth was a bit surRs prised that digital … Continued

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Value Of Online Payments Falls In December Despite Government’s Digital Blitz

Despite the government’s push for digital payments after demonetisation sucked 86 percent of currency in circulation out of the economy, data for the last two months may not enthuse many. While the number of digital transactions has jumped multi-fold, the total value of non-cash payments declined 12 percent in December compared to the average of … Continued

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

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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