Tuesday, December 06, 2022
Outlook India
Outlook Business

Digital Payments

After posting a 76 per cent year-on-year growth in revenue from operations during September 2022, at Rs 1,914 crore, it appears that its founder and CEO, Vijay Shekhar Sharma, finally has profitability in his crosshairs

Now in its third year, the Visa Accelerator Program selects a small group of start-ups from across the Asia Pacific to collaborate on some pressing challenges in the payments industry

The digital payments company's chief business officer, Kush Mehra, claimed that this is 80 per cent to 85 per cent higher than last year

It has partnered with large PSU banks to provide UPI 123Pay services to their customers in multiple regional languages

According to the new Google Play Store billing policy, the app developers in Play Store, will be charged 15 per cent of the commission for either the purchase of the app or other digital transactions such as the purchase of tokens

The report by Chiratae Ventures and Ernst & Young also stated that it expects the industry to have $1 trillion in assets under management by 2030