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SBI Payments to launch mobile POS solution

News | Mobile Payments | 22 Feb 2021

SBI Payments is launching the YONO merchant app to expand the digitisation of merchant payments in India.

SBI Payments, SBI, India, Asia, YONO, soft POS, merchants, RBI, mobile payments

Kotak Mahindra Bank launches remittance solution on its mobile app

News | Mobile Payments | 16 Feb 2021

India-based Kotak Mahindra Bank has announced that its remittance solution, Kotak Remit, is now live on the Kotak Mobile Banking app. 

Kotak Mahindra Bank, India, Asia, mobile banking, remittance, money transfers, mobile payments

Mastercard, Razorpay partner to drive digital payments acceptance by SMEs in India

News | Online Payments | 16 Feb 2021

Mastercard and Razorpay have entered a strategic partnership that combines Razorpay’s payment processing capabilities with Mastercard’s digital banking solutions and card services to drive digital payments acceptance by small businesses and startups in India.

MasterCard, Razorpay, partnership, India, Asia, digital payments, online payments, SMEs

Allahabad Bank has merged into Indian Bank

News | Online & Mobile Banking | 16 Feb 2021

Allahabad Bank has merged with the Indian Bank and has subsequently carried out a software migration.

Indian Bank, Allahabad Bank, merger, acquisition, ifsc, indOASIS, online banking, India

Cashfree launches ecommerce suite to simplify digital payments in India

News | Ecommerce | 12 Feb 2021

India-based payments and banking technology company Cashfree has launched its payments toolkit for ecommerce stores and marketplaces in India. 

Cashfree, ecommerce, India, product launch, payment gateway, online payments, Asia, APAC

BharatPe raises USD 108 mln in Series D financing round

News | Mobile Payments | 11 Feb 2021

BharatPe has announced that it has raised USD 108 million in a financing round that valued the startup at USD 900 million, up from USD 425 million in 2020.

BharatPe, India, Asia, fund raising, Series D, merchants, QR code payments, POS

PhonePe, Axis Bank partner to boost UPI multi-bank model

News | Mobile Payments | 10 Feb 2021

PhonePe has partnered with Axis Bank to boost the UPI multi-bank model.

PhonePe, Axis Bank, partnership, India, Asia, UPI, Multi-bank, transactions , mobile payments

Paytm announces the expansion of its Rent Payments feature

News | Online Payments | 09 Feb 2021

India-based fintech Paytm has announced the expansion of its instant money transfer feature, called Rent Payments.

Paytm, product launch, India, rent payments, credit cards, cashback, online payments, online transactions

PayPal to shut down domestic payments in India

News | Online Payments | 05 Feb 2021

PayPal has decided to wind down its domestic payments business in India from April 2021, according to Reuters.

PayPal, India, domestic payments, B2B payments, cross-border payments, payments , MakeMy Trip, BookMyShow, Swiggy

Flipkart Wholesale strengthens commitment towards kiranas, MSMEs

News | Ecommerce | 04 Feb 2021

Flipkart Wholesale, the digital B2B marketplace of India’s homegrown Flipkart Group, has announced the strengthening of its commitment towards boosting supply chain infrastructure.

Flipkart Wholesale, Flipkart, B2B, marketplace, India, supply chain, ecommerce, kiranas, MSMEs

India to ban private cryptocurrencies

News | Cryptocurrencies | 01 Feb 2021

The Indian Parliament has announced it will consider a government-introduced bill that would ban private cryptocurrencies in its upcoming budget session. 

India, crypto, crypto exchange, RBI, banking, blockchain, central bank, CBDC

Pine Labs launches contactless payments app

News | Online Payments | 28 Jan 2021

India-based merchant commerce startup Pine Labs has launched the AllTap contactless payments app, allowing merchants to accept debit and credit card payments without having to use swipe machines.

Pine Labs, India, Asia, NFC, Tap-to-Pay, contactless payments, debit card, credit card

How RuPay ensures payment innovation and cross-border presence

Voice of the Industry | Cards | 28 Jan 2021

Praveena Rai, the COO of NPCI, depicts the successful journey from a local network to now issuing millions of global cards, and the partnership with Discover Global Network and that increased RuPay’s worldwide acceptance

Discover Global Network, RuPay, NPCI, card network, India, cashless, cross-border payments, emerging markets, ecommerce

India-based social commerce app Kiko TV raises pre-series A funding led by SOSV

News | Ecommerce | 26 Jan 2021

India-based social commerce startup Kiko TV had raised an undisclosed amount in a pre-series A funding round led by US-based VC firm SOSV.

Kiko TV, funding round, fundraising, India, social commerce, ecommerce, online shopping

SustainKart, ecommerce marketplace for sustainable living, is launched in India

News | Ecommerce | 26 Jan 2021

Bengali antrepreneurs Nagarjuna Akkineni along with Amala Akkineni have launched SustainKart, India's first conscious ecommerce marketplace.

SustainKart, launch, marketplace launch, product launch, sustainable ecommerce, conscious consumerism, India, Telugu, Bengali, ecommerce, India, Asia, APAC

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

Google participates in Dunzo's USD 40 mln Series E investment round

News | Ecommerce | 20 Jan 2021

Google has announced that it has participated in a USD 40 million investment round of the India-based delivery startup Dunzo.

Google, Dunzo, India, Asia, funding round, investment round, Series E, ecommerce

Universal Sompo General, NPCI to offer special health insurance cover

News | Payments General | 18 Jan 2021

India-based Universal Sompo has partnered with National Payments Corporation of India (NPCI) to offer a special health insurance cover.

Universal Sompo General, NPCI, India, cashless hospitalisation, RuPay, UPI, insurance inclusion, unbanked

Reliance Retail aims to embed JioMart into WhatsApp

News | Ecommerce | 18 Jan 2021

Reliance Retail plans to embed its ecommerce app, JioMart, into WhatsApp within six months.

Reliance Retail, JioMart, WhatsApp, India, Asia, ecommerce, kirana stores

Flipkart launches SuperCoin Pay

News | Online Payments | 18 Jan 2021

India-based ecommerce company Flipkart has launched its own electronic payment option, dubbed SuperCoin Pay.

Flipkart, SuperCoin Pay, product launch, online payments, rewards, ecommerce, India, retail, QR code