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Indian startup Mintoak has announced its strategy to bring Digiledge to customers in India, an acquisition that was completed at a total of USD 3.5 million.
acquisition, cryptocurrency, crypto, crypto asset
Global technology company EBANX has announced that the Monetary Authority of Singapore (MAS) granted it an in-principle approval for a Major Payment Institution (MPI) licence.
MPI licence, cross-border payments, merchants, expansion, financial services
Airtel Payments Bank has gone live with I4C’s real-time API integration in order to strengthen customer security and fight against fraud.
partnership, fraud management, API, financial crime
UK-based payout solution provider Runa has officially entered the Indian market to provide cross-border and domestic transactions.
expansion, fintech, online payments, cross-border payments, payout
Flipkart has introduced a credit card bill payment feature on its Flipkart Pay platform, expanding its digital payment services.
digital payments, online payments, fintech, ecommerce
Tonet Santana, Senior Consultant for Asia-Pacific at Payments and Commerce Market Intelligence (PCMI), elaborates on key payment insights and consumer behaviours within the Asia-Pacific ecommerce industry.
ecommerce, APAC, data, cross-border ecommerce, financial inclusion, CoD, payment methods, payments , paytech, fintech, online shopping, online platform, marketplace, mobile payments, m-commerce, digital wallet, credit card, cash, BNPL, bank transfer, live commerce, country series
Amazon has reached an agreement to acquire the Indian Buy Now, Pay Later (BNPL) startup Axio in a bid to expand its presence in financial services.
acquisition, fintech, BNPL, ecommerce
Digital payments app Paytm has announced the launch of UPI International, enabling Indian travellers to conduct UPI transactions at a selection of worldwide locations.
cashless, mobile payments, digital payments, travel payments, QR code, QR payments
India-based fintech unicorn Slice has announced the completion of its merger with North East Small Finance Bank, with the former entering the region’s banking sector.
merger, banking, digital banking, bank account, investment
Cashfree Payments has received certification from the National Payments Corporation of India (NPCI) for its UPI (Acquiring) Switch, which has now begun processing transactions.
transactions , payments , fraud detection, machine learning, banks
Neobank Jupiter has been in talks to acquire a 5% to 9.9% stake in SBM Bank India, with an official deal to be finalised after the approval from RBI is released.
acquisition, banking, financial services, financial institutions
Revolut has announced the plan to launch its suite of services and solutions for customers in the region of India, as part of its development strategy.
expansion, product launch, banking, digital banking
Mswipe has joined as an operating unit for the Bharat Bill Payment System (BBPS) under the NPCI Bharat BillPay Limited (NBBL) platform.
product launch, B2B payments, payments , ERP, transactions
India has announced it will integrate its Unified Payments Interface (UPI) with Malaysia's PayNet.
Global Payments, cross-border payments, payments infrastructure, digital payments
US-based multinational technology company Amazon has been considering transferring its payment offerings in India into a standalone app to increase regional usage.
ecommerce, mobile payments, online payments, digital payments, expansion
Adyen has announced its expansion into the Indian market, having received authorisation from the Reserve Bank of India to operate as an Online Payment Aggregator.
expansion, payment processing, online payments, compliance
Fintech company specialising in cross-border payments Skydo has announced that it has secured USD 5 million in a pre-Series A funding round.
cross-border payments, funding, investment, expansion
India-based JioFinance has launched in Paris, France to facilitate international transactions for Indian visitors during the Olympic Games.
expansion, digital payments, mobile payments, travel payments
The Reserve Bank of India has reported that India holds 48.5% of global real-time payments and leads in remittances with USD 115.3 billion in 2023.
real-time payments, remittance, digital payments, growth markets, report
Google Pay, PhonePe, and Amazon Pay are seeking to join India's e-rupee pilot, aiming to boost digital currency adoption through their platforms.
CBDC, payment methods, UPI, NPCI, digital payments