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The key trends shaping India's payments and lending landscape in 2024

Voice of the Industry | Online & Mobile Banking | 13 Mar 2024

Sameer Singh Jaini and Shashank Shekhar from The Digital Fifth explore India's fintech shift fuelled by digital payments, neobanking, and BaaS and uncover trends like B2B payments, cross-border innovations, and digitised lending.

fintech, payments , BaaS, lending, paytech, artificial intelligence, digitalisation, PaaS, API, machine learning, embedded payments, B2B payments, UPI

UPI integrates with PayNow to support cross-border remittances

News | Online Payments | 11 Jan 2024

India’s Unified Payments Interface (UPI) has integrated with PayNow to allow the India diaspora in Singapore to send remittances to recipients in India.

remittance, transactions , partnership, cross-border payments

CRED and NPCI introduce RuPay credit card UPI payments

News | Payments General | 04 Aug 2023

India-based CRED has partnered with the NPCI to introduce RuPay credit card UPI payments and make transactions more convenient for its members.

partnership, mobile payments, payments , product upgrade

Indian government to support free e-payments on Bharat Bill Pay

News | Online Payments | 02 Sep 2022

The Indian government has announced its support for free electronic payments under Bharat Bill Pay Systems and might take action against uncomplying entities.

online payments, recurring payments, payment methods, payments infrastructure, online banking e-payment

Fino Payments Bank receives RBI approval for international remittance business

News | Payments General | 03 Jan 2022

Fino Payments Bank has received approval from Reserve Bank of India (RBI) for starting international remittance business under the money transfer service scheme (MTSS).

banks, remittance, product upgrade, cross-border payments, merchant

FSS, CSB Bank launch Smart Cash to boost financial inclusion

News | Online & Mobile Banking | 15 Dec 2021

Provider of integrated payment products and a payments processor FSS (Financial Software and Systems) and CSB Bank have joined forces to deliver hyperlocal banking services to financially underserved segments.

partnership, digital banking

The evolution of Open Banking in India

Voice of the Industry | Online & Mobile Banking | 10 Dec 2021

Sameer Singh Jaini and Shashank Shekhar of The Digital Fifth examine the progress Open Banking has been made in India from the business and regulatory perspective 

fintech, Open Banking, regulation, API, BaaS, neobanks

Exclusive interview with NPCI – instant payments and digital transformation in India

Interviews | Online Payments | 25 Jan 2021

The Paypers sat down with Dilip Asbe, MD and CEO of National Payments Corporation of India (NPCI), to learn more about India’s digital transformation and the status of instant payments in the region

Dilip Asbe, National Payments Corporation of India, NPCI, interview, India, digital transformation, instant payments, UPI, merchants, smartphone penetration, real-time payments

FSS launches eFinclusiv 2.0

News | Online & Mobile Banking | 19 May 2020

India-based FSS has announced the launch of eFinclusiv 2.0 to improve last mile banking services. 

FSS, eFinclusiv 2.0, digital, banking, digital banking, UPI, India, payments , banks, SaaS, onboarding

Airtel Payments Bank rolls out Aadhaar-enabled payment system

News | Online Payments | 02 Mar 2020

Airtel Payments Bank has launched the Aadhaar enabled payment system (AePS), to help people perform transactions at over 250,000 of its banking points across India.

Airtel Payments Bank, Aadhaar enabled payment system, AePS, India, online transactions, online payments, banking points, digital payments, mobile payments QR payments, Asia, APAC

SBM Bank India, PayNearby partner to offer Open Banking solutions

News | Payments General | 06 Jan 2020

Private lender SBM Bank (India) has partnered with fintech startup PayNearby to offer Open Banking solutions to their respective customers.

SBM Bank, India, PayNEARBY, Open Banking, API, banking, payments

India Post Payments Bank rolls out Aadhar Enabled Payment Services

News | Digital Identity, Security & Online Fraud | 11 Sep 2019

India Post Payments Bank (IPPB) has rolled out Aadhar Enabled Payment Services (AePS) to enable customers to use biometric authentication to perform bank transactions.

India Post Payments Bank, Aadhar, biometric authentication, banking

Total UPI transactions reach 822 mln in July 2019

News | Online Payments | 02 Aug 2019

According to National Payments Corporation of India (NPCI), the total Unified Payments Interface (UPI) transactions in India stood at 822.29 million in July 2019.

UPI, Unified Payments Interface, online payments, India, Immediate Payment Service

NEXT Biometrics to offer its fingerprint sensor tech to TROIKA for Aadhaar payment solutions

News | Digital Identity, Security & Online Fraud | 30 Jul 2019

NEXT Biometrics has revealed that TROIKA Transsolutions will use NEXT`s certified sensor technology as part of its financial transaction platform for the Indian market.

TROIKA, Next Biometrics, fingerprint, Aadhaar, payment solutions, money transfer, sensor technology, risks, India

NEXT Biometrics fingerprint tech used by MobiOcean for Aadhaar payment solution

News | Digital Identity, Security & Online Fraud | 13 Feb 2019

NEXT Biometrics’ Aadhaar-certified sensor module has been chosen by MobiOcean Technologies to be used for authentication and mobile payments.

MobiOcean, Next Biometrics, fingerprint, Aadhaar, payments , India, UPI, wallets, biometrics, security, government, authentication

UIDAI clarifies banks use of Aadhaar eKYC

News | Digital Identity, Security & Online Fraud | 29 Oct 2018

UIDAI has clarified to banks that Aadhaar eKYC can be used to authenticate beneficiaries of government subsidies and welfare schemes.

UIDAI, Aadhaar, eKYC, banking, India

NEXT Biometrics to support Indias Aadhaar program with fingerprint readers

News | Digital Identity, Security & Online Fraud | 06 Aug 2018

NEXT Biometrics, a global fingerprint sensor technology company, has received initial orders for its “Scallop” fingerprint readers for use in India’s Aadhaar government ID program.

Next Biometrics, India, Aadhaar, fingerprint readers, biometrics, fingerprint sensor, digital identity, mPOS

MoneyOnMobile launches biometric ATM product

News | Payments General | 24 May 2018

MoneyOnMobile, a large Indian mobile phone-based payment network, has launched a new biometric-based ATM cash-out solution.

moneyonmobile, biometric payment ATM, biometric payments, India, Aadhaar, banks, merchants

Fintech innovation in India – payments at your fingertips

Voice of the Industry | Expert Opinion | 12 Dec 2017

Manoj Kheerbat from Gropay tells us to forget about cards or smartphones, as in India it’s possible for a consumer to authorise and authenticate a payment with their fingerprint.

Manoj Kheerbat, Gropay, fintech, India, India Stack, denomination, Reserve Bank of India, financial inclusion, Aadhaar, biometrics, digital identity

Demonetisation in India encourages online payments industry

Interviews | Interviews | 26 Jan 2017

Srinivas Nidugondi, Mahindra ComvivaThe huge interest in digital payments, combined with government initiatives, will catalyse customer-centric innovations in digital payments

Srinivas Nidugondi, Mahindra Comviva, demonetisation, India, online payments, industry, digital, government