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Google Pay, PhonePe, and Amazon Pay are seeking to join India's e-rupee pilot, aiming to boost digital currency adoption through their platforms.
CBDC, payment methods, UPI, NPCI, digital payments
UPI transactions have seen a marginal dip in June, with PhonePe and Google Pay seeing a decline, and Paytm recording flat development.
payments , online payments, mobile payments, digital payments, ecommerce
Visa has partnered with Emaar Properties and Mashreq to digitise B2B payments through an integrated payables solution.
partnership, payments , B2B payments, digitalisation
DBS and Mashreq have announced a collaboration to extend same-day and near-instant peer-to-peer cross-border payments to Mashreq’s retail customers.
partnership, cross-border payments, digital wallet, remittance
India-based ecommerce company Flipkart has launched its payment app, Super.money, in a bid to broaden its fintech capabilities and enable users to make mobile payments via UPI.
product launch, payments , mobile payments, online payments, transactions , customer experience
ixigo, a travel platform operated by Le Travenues Technology, has expanded its collaboration with PhonePe by integrating flight and bus booking services into the digital payments unicorn’s app.
partnership, digital payments, payments , digitalisation, online payments
India-based fintech company PhonePe, in partnership with banks, NBFCs, and other fintech firms, has announced the launch of secured lending products on its platform.
product launch, lending, financial services, fintech, partnership
India-based fintech company PhonePe, in collaboration with LankaPay, has announced its plans to enable UPI transactions for its users across Sri Lanka.
partnership, cross-border payments, UPI, payments , mobile payments, financial services
Euromonitor International has published its findings on Asia Pacific’s 52 percent of global paperless transactions, the highest paperless payment transaction value in 2023.
product launch, payments , credit card, debit card, card scheme, online payments, mobile payments, digital payments, financial inclusion, ecommerce
Building onto our previous reporting related to the partnerships that took place in Q1 2024 within the banking and fintech space, this analysis focuses on the payments and commerce industry.
payments , partnership, cross-border payments, remittance, Open Banking payments, e-wallet, ecommerce, digital payments, mobile payments, online payments
India-based fintech CRED has announced the launch of checkout terminals to large lifestyle merchants after the company completed trials for these devices.
POS, merchant, fintech, product launch, SMEs
Google Wallet has set to launch in India, separate from Google Pay.
digital wallet, mobile payments, product launch, digital payments, loyalty programme
Mashreq has partnered with NPCI International Payments in order to integrate PhonePe with NEOPAY and improve financial connectivity between the UAE and India.
partnership, payments , cross-border payments, cross-border ecommerce, online payments, mobile payments, digital payments, ecommerce
The National Payments Corp of India (NPCI) has planned to authorise a third-party application provider (TPAP) licence for Paytm, an India-based digital payments app.
banking license, online banking, banks, mobile banking, digital banking
The Reserve Bank of India has directed the National Payments Corporation of India (NPCI) to review a request from Paytm.
banks, payment processing, compliance, digital payments
An Indian parliamentary panel has released a report in order to red-flag PhonePe and Google Pay, which currently process 83% of India’s UPI payments.
regulation, digital payments, online payments, mobile payments, payments , UPI, ecommerce
India-based Paytm has suffered a significant dip in its market valuation following an order issued by the Reserve Bank of India.
banks, compliance, regulation, payments
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
Ryan McQueen, Management Director of Payments and Open Data Practice at Accenture, offers insights into super apps and social commerce as a global way to do business.
ecommerce, omnichannel, ecommerce platform, payments , social commerce, super app, equity, insurance, unbanked, digital wallet, digital payments, digitalisation, PSP, direct to consumer, platform, online platform
The Indian unit of Prosus NV’s PayU financial technology firm has stated it is seeking an initial public offering within the next 12 months.
IPO, financial services, payments , fintech