Pine Labs launches India’s first UPI-focused payments platform
Setu, a Pine Labs company, in partnership with Axis Bank has launched UPISetu, a UPI-focused payments platform for businesses and developers.
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Tag: India
Mobile wallet payments in India to surpass $6 trillion in 2028, forecasts GlobalData
Mobile wallet adoption is surging in India, swiftly becoming a primary payment option, surpassing traditional methods like cash and cards.
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Reserve Bank of India to launch interoperable payment system for internet banking
In an address at the Digital Payments Awareness Week celebrations, the Governor of the Reserve Bank of India said the system will be introduced as part of its Payments Vision 2025 and will facilitate quicker settlement of funds for merchants.
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India’s PhonePe launches Android app store to rival Google Play
India’s PhonePe has launched a new local Android app store in a bid to rival Google Play and tap into the world’s largest mobile app download market.
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Sri Lanka and Mauritius to roll out UPI services
Sri Lanka and Mauritius will roll out Unified Payments Interface (UPI) services today, a week after the Indian digital payment system was launched in France.
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UPI integrates with PayNow to enable cross-border remittances
This interoperability milestone comes as result of close collaboration between the Reserve Bank of India (RBI) and Monetary Authority of Singapore (MAS) who see UPI adoption in cross-border transactions as key to improving overall financial inclusion.
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PhonePe names Ritesh Pai as CEO of its International Payments business
PhonePe has named former TerraPay executive, Ritesh Pai, as CEO of its International Payments business.
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IndusInd Bank launches corporate credit card on RuPay network
The IndusInd Bank eSvarna card has been launched on RuPay network and is said to be India’s first corporate credit card to integrate UPI functionality.
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Meta and ONDC partner to enhance buyer and seller experiences on WhatsApp
Meta and Open Network for Digital Commerce (ONDC) have partnered with aim of helping small businesses build more seamless conversational buyer and seller experiences on WhatsApp.
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Paytm Payment Gateway launches ID-based checkout solution
Paytm Payment Gateway has launched a new ID based Guest Checkout solution designed to eliminate data breaches on e-commerce sites.
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GlobalData: E-commerce market to grow 9.5% annually by 2027
The value of e-commerce transactions will continue to rise between now and 2027, driven by improved technology, new delivery services, and wider internet adoption.
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WhatsApp brings in-chat payments to India
WhatsApp is bringing in-chat payments to India as part of several new features designed to help consumers get things done with businesses more quickly.
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IDEX Biometrics and KL HI-TECH to launch biometric payment cards in India
Through the partnership, IDEX Biometrics and KL HI-TECH are tapping into one of the fastest-growing payment card markets globally, with nearly one billion cards in circulation.
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IndusInd Bank launches ‘Virtual Commercial Credit Card’ for travel industry
India’s IndusInd Bank has announced it has partnered with Visa and Juspay to launch a ‘Virtual Commercial Card’ for corporates and travel agents.
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The Reserve Bank of India adds features to UPI payments system
The Reserve Bank of India (RBI) has launched several new UPI-based digital payment features including Credit Line on UPI, UPI LITE X and Tap & Pay, and Conversational Payments.
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Hitachi Payment Services launches India’s first UPI-ATM
Hitachi Payment Services has partnered with National Payments Corporation of India (NPCI) to launch the country’s first UPI-ATM eliminating the need to use physical cards for cash withdrawals.
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Paytm launches Card Soundbox for payment acceptance
Paytm Card Soundbox is aiming to solve two problems for merchants; accepting card payments along with getting instant audio alerts for all payments.
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Ajman Bank introduces Google Pay to enhance digital payments
Ajman Bank has become the latest in the region to adopt the digital wallet as society moves towards a more cashless future
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India Central Bank outlines plans for AI-powered instant payments
The Reserve Bank of India plans to use the language abilities of artificial intelligence to introduce “Conversational Payments” in UPI, building on a system that has transformed the digital payment landscape in India
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Mastercard introduces CVC-less card payments in India
Mastercard debit and credit card holders can now complete online transactions in India without...
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