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Tag: UPI

  • Epic On partners with Amazon Pay

    Epic On partners with Amazon Pay

    KOLKATA: IN10 Media Network’s OTT platform, Epic On– recently launched in an all-new and reimagined avatar – has partnered with Amazon Pay. Through this collaboration, Amazon Pay users can avail 20 per cent discount of up to Rs 100 on the annual membership of Epic On.  

    To avail this exclusive offer, users can select Amazon Pay as their mode of payment on EPIC ON’s payment page or directly access it from the Amazon Pay app. The offer is valid till 30 September.

    In sync with its new brand proposition Dekho| Suno |Khelo (Watch | Listen | Play), EPIC ON brings a wide range and magnitude of content, enabling users to Watch, Listen, Play, Read & Engage with multiform content on a single app!      

    Read more coverage on IN10 Media

    “With the new Epic On, we enter an exciting phase, bringing a diverse mix of multiform content across formats on one online platform,” Epic On COO Sourjya Mohanty said.

     “We are happy to partner with Amazon Pay to offer an exclusive proposition that’s designed keeping the user at the epicentre. With our dense content library, we are certain all those who consume content digitally and want convenience will find content of choice on Epic On,” Mohanty added.

    Read more coverage on Amazon Pay

    Commenting on the partnership, Amazon Pay India director Manesh Mahatme said “We are glad to partner with Epic On to allow Amazon customers to seamlessly pay for their subscriptions. This is one more step toward ubiquitous acceptance of Amazon Pay across online merchants.”

  • OTT players ease payment worries with UPI tie-ups

    OTT players ease payment worries with UPI tie-ups

    KOLKATA: The unified payments interface (UPI) service crossed a billion transactions a month last year and is on a constant upward trend. As more Indians make UPI their go-to option for online payment, over-the-top (OTT) platforms are also strengthening their ties with them to be more user friendly.

    Leading OTT player ZEE5, which has seen high uptake of the service on connected devices,  became the first-ever OTT platform to launch an UPI based payment facility on connected devices. Users of Samsung smart TVs now have an option of ‘scan and pay’ by selecting the ‘UPI payment’ mode, ‘scanning the QR’ and ‘paying on their UPI app’. With this easy convenient option, the app is set to empower users by democratising the payment process and allowing customers to make payments through their smartphones. 

    “ZEE5 has been leading the way in innovation through technology with constant upgrades to our interface and navigation to make things smoother for users. In an industry leading initiative, ZEE5 is now offering users the option to make their payments easily online while watching their favorite content through smart TV Apps. The latest update of the ZEE5 app on Samsung Smart TVs has already made UPI QR payments available to users. Customers can now choose their plan, make the payment through UPI within seconds by scanning the QR code, and then continue streaming. This is an exciting juncture for ZEE5 as very few sectors offer this option and we are the first platform in this industry to explore this. ZEE5 has been a pioneer in integrating new technology and options and this is another step that will drive forward our growth,” ZEE5 India expansion projects business head and global product head Rajneel Kumar said.

    SonyLIV 2.0, which has unveiled recently its new brand identity, reinforces its alliances with a series of wallet partners to maximise consumer delight.  In an exciting initiative, LIV premium subscribers now stand to win an array of offers and benefits across six leading payment options like Paytm, MobiKwik, AmazonPay, Payzapp, Freecharge and OlaMoney Postpaid. User can avail a cash back varying from 10 per cent upto 100 per cent subject to the platform. These newly announced cashback offers are available to all LIV premium subscribers in India across operating systems and devices.

    “At SonyLIV, customer delight is of primal importance to us. We are happy to leap ahead in existing partnerships with wallets and add newer ones to the franchise. This is a major step up in our efforts towards strengthening old bonds and building new partnerships keeping in mind consumer behavior & preferences,” SPN digital business growth and monetisation head Manish Aggarwal said. 

    ALTBalaji recently extended its association with payment gateways Paytm and Amazon Pay. As a part of the offering, Paytm will be offering cashback up to Rs 75 on ALTBalaji subscription whereas Amazon Pay customers will get a cashback of a minimum amount of Rs 10 and a maximum amount of Rs 250 on a minimum purchase of Rs 100. The offer will be valid in India for Android and web-only.

    “Keeping the customer at the very core of everything that we stand for, we have always strived towards providing them a seamless experience through our services. Our long-standing association with Paytm and Amazon Pay is yet another step in the right direction that further fosters this bond with our consumers. It will further give us the opportunity to reach out to the masses and make them aware of the engrossing and original content that we have on offer,” Balaji Telefilms group COO and ALTBalaji CEO Nachiket Pantvaidya said.

  • UPI recorded transaction volume of 10.8 bn in 2019: Worldline India Digital Payments Report

    UPI recorded transaction volume of 10.8 bn in 2019: Worldline India Digital Payments Report

    DELHI: In 2019, the four forms of online payments — debit cards, credit cards, Immediate Payment Services (IMPS) and Unified Payments Interface (UPI), recorded a combined transactions volume of over 20 trillion and combined value of over Rs trillion, reveals the annual Worldline India Digital Payments Report.

    The report mentions UPI as the most preferred mode of payment in terms of volume and perhaps the fastest product to hit 1 billion transactions-a-month in 2019 since its inception in August 2016.

    “It recorded a substantial transaction volume of 10.8 billion in 2019, a YoY increase of 188 per cent. In terms of value, UPI facilitated transactions worth Rs trillion, up 214 per cent from 2018,” reads the report.

    In terms of value, IMPS led the roost, followed closely by UPI. It clocked Rs trillion, up 41 per cent from 2018. In 2019, it on-boarded 165 banks under its ecosystem bringing the total number of banks providing IMPS services to the customers of 559 banks by end of 2019.  

    Transactions volume passing through Bharat Bill Payment Central Unit (BBPCU) – NPCI recorded a YoY increase of 133 per cent. The transaction value witnessed an increase of 174 per cent, standing at Rs 186.8 billion.

    The number of POS terminals deployed by merchant acquiring banks increased to 4.98 million in December 2019 from 3.59 million in December 2018, registering a YoY increase of 39 per cent. RBL bank, HDFC bank, State Bank of India, Axis bank and ICICI bank emerged as top five merchant acquiring banks to deploy POS terminals in 2019.  

    Grocery, restaurants, petrol stations, apparel stores and speciality retail emerged as the merchant categories with the highest volume and value of transactions in 2019 for Worldline India.  

    “They accounted for about 62 per cent volume of transactions and about 39 per cent value of transactions. It is interesting to note that while jewellery stores accounted for only 1 per cent of total volume of transactions, they accounted for 8 per cent of total value of transactions,” reads the report.

    The top 10 states with the highest transactions in 2019 for Worldline India included Maharashtra, Karnataka, Tamil Nadu, Delhi, Andhra Pradesh, Gujarat, Kerala, Uttar Pradesh, Haryana, and West Bengal. Top 10 cities with the highest number of transactions in 2019 for Worldline India were Bengaluru, Chennai, Mumbai, Pune, Hyderabad, Delhi, Kolkata, Gurgaon, Coimbatore and Ernakulam.

    Worldline India (WI) is wholly owned by Worldline SA, a leading payments company in Europe that is listed on Euronext Paris. Worldline entered India in 2010 with the acquisition of Venture Infotek followed by the acquisition of MRL Posnet in 2017.