Payments

Investors are queuing up to infuse funds in successful entrepreneurs’ second venture in India’s startup ecosystem.

In September end, country’s instant payment tool UPI hit a billion transactions within three years of existence.

The firm plans to strengthen its presence in overseas markets and increase its international user base.

On average, a Hongkonger uses a digital wallet two or three times a week, but only one-third in city are classified as heavy users at four to six times a week.

Google Pay’s monthly average users grew by three times to 67 million in September.

Global giants like Alibaba, Amazon, Google, and Facebook are keeping a close watch on Indian digital payments opportunity, which is very much untapped since half of the Indians are yet to come online.

Samsung Pay opens the collaboration with other payment players in Indonesia.

With over 100 million users, Mail.ru is the leading internet company in Russia.