Discover all the payments and fintech-related news and analysis about India in The Paypers News, Reports, along with other India-specific insights on the payments and fintech industry:
Discover all the payments and fintech-related news and analysis about India in The Paypers News, Reports, along with other
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The governor of the Reserve Bank of India has reinforced his stance on banning cryptocurrencies such as bitcoin and ether.
cryptocurrency, central bank, digital assets, regulation
Payments company Paytm has gotten approval from the Reserve Bank of India (RBI) to operate as a Bharat Bill Payment Operating Unit (BBPOU).
RBI, Paytm, payments aggegator license, digital payments, payment processing
Digital payments company PhonePe has raised USD 350 million from General Atlantic at a valuation of over USD 12 billion in a first tranche of a USD 1 billion funding round.
funding, investment, UPI, payments , digital payments, expansion
The Reserve Bank of India (RBI) has ordered SBM Bank India to stop all transactions under Liberalised Remittance Scheme (LRS) till further orders.
central bank, banks, remittance, transactions , digital currency
Payments services provider Worldline has announced the launch of its Buland Bharat digital payments suite looking to support the needs and wants of India-based SMBs.
product launch, payments , digital payments, SMEs, digitalisation, omnichannel, online payments, cash management, payment processor, merchants, ecommerce
India-based company Razorpay has launched a forex service for startups, to offer foreign exchange products for an improved cross-border payments processing.
product launch, startup, cross-border payments, cross-border ecommerce, ecommerce, online payments, digital payments
Samsung has announced that it will merge its mobile payment solution, Samsung Pay, and password management application, Samsung Pass, into Samsung Wallet in India.
product launch, payments , online payments, digital payments, digital wallet, e-wallet, payment methods, mobile payments, mobile banking
India-based fintech company BharatX has partnered with Snitch to offer its clients the new `SnitchPay` product, including a Buy Now, Pay Later feature.
partnership, BNPL, payments , online security, online banking, ecommerce
UK-based fashion retail company ASOS has partnered with non-profit organisation GoodWeave to assess the compliance with human rights of fashion suppliers based in India.
ecommerce, retail, sustainability , compliance, partnership
Provider of mobile payment solutions Boku IN has received and in-principle authorisation, enabling more payment choice for Indian consumers and Boku merchants.
payments aggegator license, RBI, mobile payments, merchants, digital payments
India-based payments and API banking solutions company Cashfree Payments has launched `Co-lend`, a fully automated escrow management solution for co-leading.
product launch, escrow, online banking, digital banking, online payments
India-based banks ICICI, IDFC First and Kotak Mahindra have begun testing in-store payments using the retail version of the digital rupee.
banks, cryptocurrency, CBDC, digital payments
India’s IT Ministry has blocked the apps of fintech Kissht and PayU’s LazyPay in a crackdown aimed to curb the misuse of consumer data.
BNPL, lending, regulation, compliance, fintech
Digital payments company PhonePe has announced the launch of a feature that enables India-based users to make cross-border payments via UPI to foreign merchants.
product launch, payments , UPI, cross-border payments, merchants, ecommerce, B2B payments, mobile payments, FX
India-based digital lending and full-stack financial service platform MyShubhLife has partnered digital banking platform Easy Pay to provide a line of credit for Easy Pay merchants.
partnership, lending, SMEs, SME lending, funding, credit scoring, fintech, retail, merchants, digital payments, banking, financial services, financial inclusion
The Indian government has revealed its plans to introduce a digital credit framework regulated by the Reserve Bank of India.
banks, regulation, lending, compliance
India-based fintech startup InsuranceDekho has raised USD 150 million from investors led by Goldman Sachs Asset Management, to target an under-served domestic market.
insurance, funding, investment, Goldman Sachs, equity, debt facility
Digital payments solution Obopay has partnered Mastercard to launch a prepaid card and boost financial inclusion for smallholder farmers and rural communities in India.
partnership, payments , digital wallet, digital payments, online payments, banking, financial inclusion, financial services, prepaid card, product launch, fintech, spend management, digitalisation, ecommerce
India-based payment solution provider PayU has launched 3D Secure 2.0 SDK, offering a full native checkout and customer experience for card transactions.
EMVCo, product launch, behavioural biometrics, credit card, debit card, fraud prevention
DBS Bank India has partnered with eSamudaay to offer cash management solutions to MSMEs conducting business through Open Network for Digital Commerce (ONDC).
SMEs, cash management, digital payments, ecommerce, partnership