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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

PayPal's Xoom integrates with UPI payments to support instant remittances to India

News | Payments General | 22 Dec 2020

PayPal’s money transfer service Xoom has added the Unified Payments Interface (UPI) to its platform, to enable instant money transfers to India, reports Verdict.

Xoom, UPI, payments , remittances, India

INR 25 lakh penalty imposed by RBI on Andhra Bank for KYC, AML non-compliance

News | Digital Identity, Security & Online Fraud | 06 Dec 2019

The Reserve Bank has imposed a fine of INR 25 lakh on Andhra Bank for non-compliance with certain provisions of directions issued on KYC and AML.

RBI, fine, Andhra Bank, KYC, AML, India, penalty, bank, banking regulation, compliance, accounts

NPCI rolls out RuPay JCB global card

News | Cards | 23 Jul 2019

National Payments Corporation of India (NPCI) and JCB International, together with Indian banks, have launched RuPay JCB global cards.

NPCI, India, RuPay, JCB Card, card, merchant, ATM, POS

Ripple expands to India, opens new office in Mumbai

News | Cryptocurrencies | 12 Sep 2017

Ripple, a blockchain startup, has announced that it has opened up a new office in Mumbai, India.

Ripple, blockchain, settlement, money transfers, cross-border payments, India, transnational banking

Indias Aadhaar national ID system leaks over 135 million records

News | Digital Identity, Security & Online Fraud | 05 May 2017

The Centre for Internet and Society has reported that over 135 million records from India`s Aadhaar national ID systems have already leaked online.

biometric authentication, India, security, fingerprint recognition, voice recognition, security, facial recognition, Aadhaar

Indian banks to roll out UPI-enabled apps

News | Mobile Payments | 05 Sep 2016

Indian banks have announced plans to roll out UPI-enabled apps on Google Play to enable P2P and merchant payments using mobile phones and reduce the usage of cash.

ICICI Bank, Canara Bank, Andhra Bank, SBI, HDFC, Kotak, India, UPI, mobile payments, Google Play, mobile app, smartphone, PIN, money transfers, cashless

4TiGO and Federal Bank to roll out B2B payment platform in India

News | E-invoicing, SCF & E-procurement | 06 Jun 2016

Former Infosys CEO Nandan Nilekani and Accel Partners-backed truck network startup 4TiGO have announced commencement of operations in six Indian states.

4TiGO, Federal Bank, B2B payment platform, India, eInvoice

India: Ola acquires mobile payments company Qarth

News | Mobile Payments | 22 Mar 2016

Online cab aggregator Ola has acquired Qarth, a startup which runs digital payments Android app X-Pay, for an undisclosed amount.

OLA, mobile payments, mobile wallet, Quarth, India

India: Andhra Bank teams up with mobile payment provider Chillr

News | Mobile Payments | 14 Mar 2016

Andhra Bank has teamed up with mobile payment app Chillr to enable Indian bank’s customers to instantly transfer money to any contact on their phonebook.

India, Andhra Bank, mobile payment, Chillr, payments

US, India develop economic cooperation

News | Ecommerce | 03 Nov 2014

The US and India have committed to working together to facilitate greater investment in both directions, to open new Indian sectors to private investment, and to address impediments to growth that will enable trade between the two countries.

US, India, economy, trade, cooperation, investment, growth, ecommerce, digital economy, agreement, initiative

Vodafone launches mobile wallet app for loyalty cards

News | Mobile Payments | 09 May 2014

Telecom operator Vodafone has signed an agreement with Austrian software company Bluesource, to provide a Vodafone wallet version of its ‘mobile-pocket’ app, a customer card and shopping app.

Vodafone, mobile-pocket, mobile, wallet, app, loyalty, cards, Bluesource, SmartPass, Visa

Vodafone India, ICICI Bank roll out M-Pesa service

News | Mobile Payments | 23 Apr 2014

Telecom operator Vodafone, in collaboration with financial institution ICICI Bank, has completed the pan-India rollout of M-Pesa, a mobile money transfer and payment platform, with the launch of the service in the Andhra Pradesh market.

Vodafone India, ICICI Bank, M-Pesa, mobile payment service, utility bills, payment platform, India, Vodafone