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The Reserve Bank of India (RBI) has revealed its intention to explore offline solutions to improve CBDC adoption in India’s remote areas.
cryptocurrency, CBDC, digital assets, banks
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
PayU, a Netherlands-based payment service provider, has announced the acquisition of payment gateway BillDesk to expand its footprint in India.
mobile payments, acquisition, payment gateway, payment processing
Instamojo, ecommerce, acquisition, GetMeAShop, B2B
Samsung Gulf Electronics has announced that its Samsung Pay users in the UAE will be able to pay at checkouts online, not just in-store.
Samsung Pay, Samsung Gulf Electronics, UAE, mobile payments, online payments
Stripe will start beta with a small group of Indian companies to decide which features it will need to support online payments on its platform.
Stripe, online payments, India, ecommerce, platform, beta test, startup
Infibeam Incorporation, an Indian ecommerce business conglomerate, has decided to merge with its payments subsidiary CCAvenue in a deal that is expected to value the payment gateway firm at USD298 million.
Infibeam, mergers, India, payment processing, proprietary, payment subsidiary, CCavenue, fintech
Fino Paytech has announced plans to start its payment banking operations by the fourth quarter of the current financial year 2016-2017.
online banking, mobile banking, India, FI, remittances, FINO PayTech, RBI, banking, banking license, investment, Bharat Petroleum Corporation Limited, debit cards
Infibeam, an ecommerce company, is going to invest up to USD 6.7 million (INR 450 million) in CCAvenue, a payment gateway.
Infibean, CCavenue, investment, ecommerce, payment gateway, B2C, B2B
FreeCharge, a payment services provider, has joined forces with CCAvenue, an Indian payment gateway.
FreeCharge, online payments, partnership, CCavenue, merchants, processing, transfers
Online payment services provider CCAvenue and UAE-based financial institution Mashreq have joined forces.
CCavenue, Mashreq, UAE, ecommerce, m-commerce, payment solution, financial institution, online payments