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The Reserve Bank of India (RBI) has planned to issue an additional licence category for point of sale (POS) businesses in a bid to improve the offline payments ecosystem.
payments aggegator license, KYC, fraud management, fraud prevention, POS
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
India-based payments and API banking company Cashfree Payments has announced the launch of Embedded Payments, a payment solution for software platforms.
payment processing, embedded payments, digital payments, online payments, payment methods
The Financial Intelligence Unit (FIU) from India has announced that it imposed a monetary penalty of approximately USD 662,565 on Paytm Payments Bank.
regulation, AML, money laundering, 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
India-based digital payments app Paytm has partnered with private sector financial institution Axis Bank to support settlement of merchant payments.
partnership, payments , banking, KYC, settlement
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 digital payments app Paytm has engaged in talks to acquire Bengaluru-based interoperable ecommerce startup Bitsila.
acquisition, digital payments, ecommerce, payments
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-based Paytm has announced that it will invest USD 12 million in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem.
investment, global hub, financial services, fintech, cross-border 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
India-based fintech specialised in digital payments and financial services, Paytm, has announced a strategic partnership with global travel tech company Amadeus.
travel payments, partnership, online payments, local payment method, artificial intelligence, payment gateway
India-based credit card issuer SBI Card has partnered with retail company Reliance to launch a co-branded credit card on India’s RuPay payment network.
credit card, partnership, retail, product launch, growth markets
India-based Jio Financial Services, a Reliance Industries-backed financial services company, has gone live with its lending and insurance offerings in India.
lending, insurance, artificial intelligence, product launch, debit card
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 Paytm has announced that its wholly-owned subsidiary Paytm Payment Gateway launched an alternate ID-based checkout solution.
online security, transaction fraud, payment gateway, online payments, online shopping, cybersecurity
US-based company WhatsApp has launched credit card payments and services from rival digital payment providers within its application for customers in India.
product launch, mobile payments, digital payments, online payments, payments , ecommerce
India-based payments and API banking solutions company Cashfree Payments has partnered with NPCI to launch AutoPay on QR for subscription-based businesses.
subscription payments, digital onboarding, product launch, partnership, recurring payments
India-based Hitachi Payment Services in association with NPCI has launched UPI-ATM as a White Label ATM (WLA) to offer secure cardless cash withdrawals.
UPI, cashless, payments , digital payments, product launch