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PhonePe raises USD 350 mln

News | Payments General | 20 Jan 2023

Digital payments company PhonePe has raised USD 350 million from General Atlantic at a valuation of over USD 12 billion in a first tranche of a USD 1 billion funding round.

funding, investment, UPI, payments , digital payments, expansion

India to spend USD 320 mln to promote homegrown payments network

News | Cards | 12 Jan 2023

India has planned to spend around USD 320 million to promote cards in RuPay and for low-value UPI transaction to stir the growth of its national payments network.

UPI, credit card, NPCI, POS, ecommerce

RBI creates single-block-and-multiple debits functionality in UPI

News | Online & Mobile Banking | 07 Dec 2022

The Reserve Bank of India has introduced a single-block-and-multiple debits functionality in UPI to augment payments for ecommerce and investments in securities.

UPI, RBI, product upgrade, ecommerce, investment

Razorpay enables UPI credit card payments

News | Online Payments | 06 Dec 2022

India-based fintech Razorpay has announced that it will enable merchants to accept credit card transactions on Unified Payments Interface (UPI) in partnership with Axis Bank.

partnership, product upgrade, UPI, digital payments, digital banking, digitalisation, payment methods, credit card

India postpones the enforcement of market share cap on UPI until 2025

News | Online Payments | 05 Dec 2022

The National Payments Corporation of India (NPCI) has decided to delay the enforcement of a payment market share cap on UPI until 31 December 2024.

compliance, regulation, UPI, payment methods

Paytm enables mobile payments to third-party UPI apps

News | Mobile Payments | 23 Nov 2022

India-based payments company Paytm has implemented a feature that allows users to make UPI payments to mobiles registered with third-party UPI apps.

mobile payments, product upgrade, payment methods, UPI, mobile banking

Google enables UPI Autopay in India

News | Online Payments | 16 Nov 2022

Google has announced that it introduced UPI Autopay as a payment option on Play Store to enable its India-based users to purchase subscriptions using UPI.

product upgrade, payments , online payments, payment methods, UPI, digital wallet, recurring payments

Cashfree Payments supports Zepto with secure and smooth payments

News | Mobile Payments | 02 Nov 2022

India-based payments and API banking solution Cashfree Payments has enabled food delivery company Zepto with an augmented checkout experience using its payment gateway.

Cashfree, delivery, UPI, checkout optimisation , mobile payments, API

Worldline and NPCI International partner to expand mobile payments reach

News | Mobile Payments | 11 Oct 2022

Worldline has started collaborating with NPCI International to expand acceptance of mobile payments for Indian tourists across Europe.

Worldline, mobile payments, POS, QR payments, UPI

TerraPay partners NPCI International for cross-border merchant payments

News | Online Payments | 23 Sep 2022

Netherlands-based TerraPay has partnered NPCI International Payments Limited to enable seamless merchant payments via UPI-enabled QR codes.

cross-border payments, QR payments, online payments, UPI

Russia, India to create RuPay – Mir connectivity

News | Online Payments | 24 Aug 2022

The Russian and Indian Governments have gotten closer to an agreement to have cards based on Russia’s Mir payment system be accepted at ATMs and POS in India.

Russia Ukraine War, financial sanctions, UPI, cross-border payments

NPCI International names PayXpert acquirer for UPI and RuPay in the UK

News | Mobile Payments | 22 Aug 2022

India-based NPCI International Payments (NIPL) has signed a MoU with PayXpert to internationalise the acceptance of its payment solutions in the UK.

UPI, NPCI, partnership, QR payments, mobile payments, POS

Razorpay purchases Ezetap

News | Payments General | 18 Aug 2022

India-based fintech RazorPay has acquired payment solutions company Ezetap in a cash-and-equity deal to tap offline payments.

omnichannel, acquisition, UPI, tokenization, online payments

RazorpayX to support seamless cashback transactions via UPI for WhatsApp

News | Mobile Payments | 24 Jun 2022

WhatsApp has onboarded RazorpayX, the neo-banking arm of Razorpay, to enable a smooth cashback experience via UPI for its users across India.

UPI, WhatsApp, Razorpay, cashback, mobile payments

Apple validates end to debit and credit card payments in India

News | Cards | 20 May 2022

Apple has confirmed that credit and debit cards no longer work for subscription payments in India to comply with new government regulations.

debit card, credit card, Apple, subscription payments, UPI

WhatsApp to use clients' legal names for UPI payments

News | Digital Identity, Security & Online Fraud | 13 May 2022

WhatsApp has announced it will ask users for their legal names to proceed with UPI-based payments on the platform.

WhatsApp, UPI, fraud prevention, mobile payments, NPCI, bank account, digital identity

BHIM UPI goes live at NEOPAY terminals in the UAE

News | Online Payments | 25 Apr 2022

NPCI International Payments Ltd (NIPL), the international arm of the National Payment Corporation of India (NPCI), has announced that BHIM UPI is now live at NEOPAY terminals, across the UAE. 

NPCI, UPI, merchant, partnership, digital payments

India: Coinbase to suspend crypto payments

News | Cryptocurrencies | 11 Apr 2022

Three days after adding support for the Unified Payments Interface payment instrument in India, Coinbase has removed the feature to purchase Bitcoin using the system in India, according to Bitcoinist.

UPI, Bitcoin, RBI, NPCI, cryptocurrency exchange, cryptocurrency

Cashfree Payments launches Aadhaar Verification

News | Digital Identity, Security & Online Fraud | 04 Apr 2022

India-based banking solution company Cashfree Payments has rolled out Aadhaar Verification for authenticating bank accounts, PAN, UPI, and IFSC.

identity verification, product launch, KYC, IBAN, UPI

Google Pay enables Tap to Pay for UPI

News | Mobile Payments | 01 Apr 2022

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