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Quicklly and Visa have partnered to launch a cross-border remittance solution to India with real-time capabilities.
partnership, real-time payments, instant payments, cross-border payments, Visa
In a move aimed at expanding cryptocurrency access in emerging markets, Onramp Money has announced its integration with KuCoin Exchange.
cryptocurrency, regulation, compliance, instant payments
Neobank startup Fi has secured a non-banking finance company (NBFC) licence from the Reserve Bank of India.
neobanks, banking, fintech, startup, regulation
Fintoc, an alum of Y Combinator, has secured a USD 7 million Series A funding round to strengthen its presence in Chile and Mexico.
Open Banking, startup, financial inclusion, funding
HSBC has partnered with PayPal to introduce quantum-safe cryptography in the payments industry to address future cybersecurity threats.
partnership, cybersecurity, quantum threat, payments
SuperUs, an Indian tech Original Equipment Manufacturer (OEM), has introduced a new product called the Dynamic QR Code device, combining the functionalities of a cash terminal and checkout terminal.
digital payments, UPI, transactions , NPCI
UK-based neobank Cashaa, which provides banking services for crypto businesses has revealed its intention to shutter its business banking division.
neobanks, startup, cryptocurrency, financial services, banking
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
The Paypers looked into the most relevant collaborations and partnerships announced during Q1 2024 within the banking and fintech space, discovering several preferences that went from Open Banking, Embedded Finance, and card payment innovation, as well as an overall focus on fraud prevention, financial crime, and crypto.
partnership, Open Banking, Open Finance, embedded finance, digitalisation, fraud management, crypto, The Paypers Quarterly Analysis series
The RBI has ordered Kotak Mahindra Bank to stop onboarding new customers through its online and mobile banking channels and stop issuing new credit cards.
regulation, banking, online banking, mobile banking, digital banking, financial services, financial institutions
Online payment solutions provider PayU has announced that it received in-principal approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA).
SMEs, merchant, online payments, payment methods, payments aggregator
Global fintech company Unlimit has secured an online payment aggregator license in the region of India, aimed to accelerate its worldwide expansion strategy.
expansion, product launch, banking, online banking, mobile banking, digital banking, financial services, financial institutions
Hitachi Payment Services, a player in India's payments and commerce sector, has unveiled the country's first Upgradable ATM.
ATM, cash, banking, financial inclusion
India-based Razorpay has partnered with Airtel Payments Bank in order to launch UPI Switch, aiming to provide businesses with improved payment experiences.
partnership, product launch, banking, online banking, mobile banking, digital banking, financial services, financial institutions
The Philippines SEC has issued directives to both Google and Apple, instructing them to remove the Binance application from their respective app stores.
regulation, compliance, cryptocurrency, online security
Revolut, a prominent fintech firm headquartered in London, is considering strategies to capitalize on customer data by potentially sharing it with advertising partners.
prepaid card, authorisation rate, banking license, financial inclusion, mobile banking
US-based payments provider Nium has partnered with Indonesia-based payment infrastructure company Artajasa to augment cross-border transfers for Indonesians.
cross-border payments, real-time payments, payments infrastructure, expansion, fintech
Frédéric Viard, Head of Commercial Product Management for Financial Messaging at Bottomline, provides insights into the ongoing ISO 20022 migration, emphasising the importance of readiness, collaboration, and addressing barriers for successful implementation.
ISO 20022, financial institutions, cross-border payments
Amazon Pay has announced its plans to introduce credit services on the Unified Payments Interface (UPI) platform as part of a deal with the National Payments Corporation of India (NPCI).
payments , digital wallet, UPI, Amazon, transactions , partnership
Google Wallet has set to launch in India, separate from Google Pay.
digital wallet, mobile payments, product launch, digital payments, loyalty programme