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Mark Beresford and Elisabetta Nadal from Edgar, Dunn & Company discuss the future of digital wallets as consumers’ preferences shift from physical cards to digital wallets stored in their smart devices.
payments , payment methods, digital wallet, e-wallet, contactless payments, ecommerce, commercial card, merchants, fintech
India-based YES BANK has introduced UPI payments facility through its RuPay credit cards, which before was limited to POS/ecommerce-based transactions.
credit card, UPI, NPCI, virtual card, digitalisation
India-based payments and API banking company Cashfree Payments has announced the roll out of CVV-free card payments to enable faster transactions for partner businesses.
credit card, debit card, Visa, MasterCard, NPCI, tokenization
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
The Reserve Bank of India (RBI) has declined to give a payment aggregator (PA) to fintech Paytm, and has been bard from onboarding new online merchants.
RBI, Paytm, merchants, merchant onboarding, regulation
Maria Vinogradova of OpenWay addresses the number of instances where e-wallets can fail financial inclusion goals while also detailing how to create a successful financial inclusion offering.
mobile payments, e-wallet, financial inclusion, PCI DSS, PSP, payments infrastructure
India-based payments and API banking solution Cashfree Payments has launched a disbursement and collections lending solution for NBFCs and LSPs.
online payments, lending, product launch, compliance
Paytm, IPO, UPI, online payments
Joshua Chong, Analyst at Kapronasia, elaborates on the key factors that drive the popularity of super apps in APAC and shape their evolution
Kapronasia, Joshua Chong, Alipay, WeChat, Grab, Gojek, super app, Asia, APAC, mergers and partnerships, digital payments
Rapyd, a global fintech as a service company, has announced its partnership with players of India’s payments ecosystem - including Paytm Payments Bank, PhonePe, PayU, Citibank, DBS Bank, HDFC Bank, BharatPay, and Unimoni.
Rapyd, India, payments , COVID-19, Solidarity Programme, merchants, payment method, ecommerce, fintech
The Paytm Payments Bank Limited (PPBL) has launched ‘Cash at Home’ for senior citizens in Delhi’s region so that they do not need to go out during the COVID-19 pandemic.
Paytm Payments Bank Limited, PPBL, Cash at Home, India, banking, Paytm app, savings account, COVID-19
Data analytics company GlobalData has said that online pay-later tools are emerging as a viable for of short-term borrowing for ecommerce purchases.
GlobalData, pay later solutions Asia Pacific, PSP pay later solutions, ecommerce pay later
Paytm Payments Bank has announced that it now has over 100 million KYC wallets, against the constant campaigning done by bank about the benefits of the Know Your Customer (KYC) system.
Paytm, KYC, wallets, payment app, banking
Google has announced it`s planning to expand the mobile payments platform Tez beyond India in the near future.
mobile payments, India, NFC, Google, Tez
WhatsApp will launch an inter-bank money transfer service in India, after a test involving a million users, according to National Payments Corp of India.
WhatsApp, mobile payments, bank transfer, India, banks, NPCI, UPI, payments service, money transfers
Current Paytm wallet cannot be used outside India to make payments because of the existing regulations imposed by RBI.
Paytm, mobile wallet, mobile payments, Alipay, Uber