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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
India-based fintech infrastructure platform Decentro has received its final payment aggregator licence from the Reserve Bank of India (RBI).
payments aggegator license, payments , fintech, financial services, financial institutions
Pine Labs, a merchant commerce omnichannel platform, has launched Mini, a QR and card acceptance device.
POS, contactless payments, merchant, ecommerce, SMEs
India-based embedded finance platform MyShubhLife has partnered with fintech PayWorld to provide the latter’s retailers with easy access to credit.
embedded finance, lending, retail, merchants, fintech
India-based payments provider PayU has launched, in collaboration with Visa and Yes Bank, the Business Payment Solution Provider programme.
Visa, digital payments, NPCI, merchants, SMEs, credit card
India-based ICICI Bank has announced its decision to require non-bank customers for ID proof in order for them to exchange IRN 2,000 banknotes.
banking, fraud management, fraud detection, fraud prevention, identity verification, mobile banking, digital banking, online banking
India-based Pine labs has partnered with ICICI Bank to accept digital rupee payments at its point-of-sale (PoS) terminals.
cryptocurrency, CBDC, banks, partnership, blockchain
Singapore-based payments platform 2C2P has teamed with Pine Labs to increase Buy Now, Pay Later (BNPL) acceptance in six Asian markets.
BNPL, expansion, instalment payments, partnership, ecommerce
PayPal has announced in their Q3 2022 earnings report that it will support, together with Venmo, Apple’s Tap to Pay on iPhones.
Tap-to-Pay, payment processing, contactless payments, payment gateway, payment methods, instant payments, mobile payments
India-based Razorpay and Pine Labs have gotten approval from the Reserve Bank of India (RBI) for payment aggregator licence.
RBI, fintech, certification, regulation, payment gateway, startup
India-based commerce platform Pine Labs has invested into end-to-end payment solution provider Mosambee, valuing it at around USD 100 million.
investment, fintech, merchant, BNPL, instalment payments
Google Pay has launched the ‘Tap to Pay’ UPI-based payment system on collaboration with Pine Labs.
Google Pay, UPI, Tap-to-Pay, mobile payments, contactless payments, NFC
Fintech startup Pine Labs has raised USD 50 million in funding at USD 5 billion valuation before going public.
Pine Labs, POS, funding, IPO, retail
Global card issuer Mastercard, together with Singapore-based DBS Bank and Pine Labs have teamed up to introduce a new BNPL programme in Asian cities.
partnership, instalment payments, BNPL, MasterCard, interest rate, cross-border payments
Brick has raised USD 8.5 million of funding in a Seed investment round led by global venture capital investors Flourish Ventures and the global venture capital firm Antler.
Open Finance, API, investment, embedded finance
Pine Labs has announced it is in talks to acquire API-based infrastructure company Setu in a cash and equity deal for USD 70 – UDS 100 million.
Pine Labs, acquisition, merger, API, startup
India-based digital payments provider Pine Labs has announced it prepares for a US listing and seeks to raise USD 500 million to reach USD 7 billion valuation.
Pine Labs, online payments, IPO, ecommerce, payment gateway
India-based merchant commerce startup Pine Labs has announced fresh funding of USD 20 million by State Bank of India (SBI).
banks, investment, Pine Labs, IPO, BNPL
Commerce platform Pine Labs has announced the launch of ‘Plural Tokenizer’, a tokenization solution that works across card networks.
Pine Labs, tokenization, multi-factor authentication, card-on-file, card scheme
India-based commerce platform Pine Labs has announced its partnership with Standard Chartered Malaysia.
partnership, BNPL, product launch, Pine Labs