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Razorpay announces ‘UPI Switch’ in partnership with Airtel Payments Bank

The 'UPI Switch' will also enable 5 times faster access to UPI (Unified Payments Interface) innovations for businessesNew Delhi: Fintech company Razorpay on Tuesday launched its own UPI infrastructure with 'UPI Switch', a cloud-based innovation in partnership with Airtel...

BharatPe launches all-in-one payment device BharatPe One

"Equipped with a high-definition touchscreen display, 4G and Wi-Fi connectivity, and powered by the latest Android operating system, BharatPe One delivers enhanced performance and securityNew Delhi: Indian fintech major BharatPe on Tuesday launched BharatPe One, an all-in-one payment product...

Paytm unveils Made-in-India soundboxes for UPI and credit card on UPI payments

Paytm founder and CEO Vijay Shekhar Sharma said that the advanced soundboxes offer better sound quality and battery lifeNew Delhi: Paytm on Monday launched two Made-in-India soundboxes for UPI and credit card on UPI payments.Paytm founder and CEO Vijay...

RBI issues draft guidelines on payment aggregators

The payments ecosystem in India includes online PAs and PAs, which facilitate face-to-face/proximity payment transactionsNew Delhi: The Reserve Bank on Tuesday came out with draft guidelines to further strengthen regulations on payment aggregators, a move aimed at boosting the...

Simpl targets 100 million checkouts on Zepto by 2026

Simpl also aims to expand the online khata experience on Zepto Pass which is a loyalty program from the company New Delhi: Bengaluru-based one-tap checkout network Simpl aims to increase its checkouts on quick commerce company Zepto to 100 million...

PhonePe users can now make UPI payments in UAE via Neopay Terminals

Neopay Terminals is available across a wide array of retail stores, dining outlets, as well as tourist and leisure attractionsNew Delhi: Fintech firm PhonePe App users travelling to the UAE can now make payments using UPI at Mashreq's Neopay...

Now, pay using UPI to Nepalese merchants

UPI users can scan QR codes to make payments to Nepalese merchants, an official statement saidNew Delhi: The NPCI on Friday announced that Unified Payment Interface (UPI) is now live in neighbouring Nepal.This follows a tie-up between the National...

85% Paytm wallet users not to face disruption; rest asked to link wallet to other banks: RBI Guv

The Reserve Bank of India on January 31 barred Paytm Payments Bank Ltd (PPBL) from accepting deposits, credit transactions, or top-ups in any customer accountsNew Delhi: As many as 80-85% of Paytm wallet users will not face any disruption...

Patanjali Ayurved partners with payments platform Ongo

The partnership aims to introduce a co-branded prepaid card that can be used at all Patanjali storesNew Delhi: Haridwar-based multinational conglomerate Patanjali Ayurved Ltd. has partnered with Mumbai-based digital payments brand Ongo to launch open-loop co-branded prepaid cards, a...

Interoperable Internet banking system that benefits merchants to go live in 2024: RBI Governor

At present, internet banking transactions are processed through payment aggregatorsMumbai: Reserve Bank Governor Shaktikanta Das on Monday said an interoperable system for Internet banking will be launched in 2024.At present, internet banking transactions are processed through payment aggregators (PA),...

Majority of users to stop using UPI if it attracts transaction fee: Survey

LocalCircles on Sunday said the survey received over 34,000 responses from citizens in over 364 districts, comprising 67% of male respondents and 33% of womenNew Delhi: A majority of people will stop using UPI if a transaction fee is levied...

Paytm, Paytm Payments Bank to discontinue inter-company pacts to reduce dependencies

The move assumes significance as Paytm Payments Bank Limited (PPBL) is under the RBI's lens over persistent non-compliance and continued material supervisory concernsNew Delhi: Amid RBI's action on its associate firm, One 97 Communications on Friday said the board has...

MobiKwik introduces Pocket UPI to facilitate payments without linking bank account

Pocket UPI allows users to make UPI payments through MobiKwik Wallet without linking their bank accountNew Delhi: MobiKwik has announced a new feature on its platform, 'Pocket UPI', which the fintech company said will enable users to have enhanced...

Amid Paytm Payments crisis, Google Pay announces expansion of Soundpods

The development comes at a time when RBI has ordered Paytm Payments Bank Limited (PPBL) to stop accepting any money after March 15 for transactions.New Delhi: Fintech firm Google Pay Thursday announced the expansion of sound pods for merchants...

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Fashioning rural India

One of the early entrants in the country’s value-retail space, V-Mart is today a 448-store strong chain with its...
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