Digital payment

BofA’s CashPro App To Cross Record $1 Tn In Payment

CashPro is Bank of America’s digital banking platform and is accessed by approximately 550,000 users at 40,000 companies around the world, to manage and monitor their payments, deposits, loans, and trade finance transactions.

1 Hours Ago

NPCI Launches ‘RuPay On-The-Go’ Campaign

The Campaign is to Promote Efficient and Seamless Transit Across India with RuPay

2 Days Ago

Framework For Small Value Digital Payments In Offline Mode Amended

the Offline framework has been updated and the enhanced limits for UPI Lite shall be Rs1,000 per transaction, with Rs5,000 being the total limit at any point in time

Dec 05, 2024

UPI’s Expansion Within BRICS Expected To Further Bolster Remittance Flows

Processed over 16 billion transactions worth Rs23.49 Lakh Crores in October 2024; As UPI continues to expand globally, it is setting new standards for digital payments, empowering citizens, enhancing economic opportunities, and contributing to India's increasing influence in the global financial arena

Dec 01, 2024

RuPay Gets Naming Rights for Zomaland Season 5

RuPay cardholders can exclusively access presale tickets on the District app from 12 PM on 29 November 2024 to 12 PM on 4 December 2024

Nov 27, 2024

NPCI Shaping Digital Future Via SFBs, Payments Banks

The event was part of the organisation’s larger initiative, NPCI Synergy #UnlockingGrowthTogether

Nov 26, 2024

Bizom-Accion-Mastercard To Boost Biz For Small Retailers

Leading B2B consumer goods marketplace aims to connect 4 million new underserved micro and small retailers in India to the digital economy

Nov 15, 2024

NPS Contributions Launched By BHIM Via Bharat Connect

The introduction of National Pension System (NPS) Contributions is for Seamless Retirement Planning; Contributions made through BHIM are fully processed and invested within one business day, ensuring timely investment

Nov 13, 2024

PNB Launches Eco-Friendly Palaash Debit Card

The Card Is Made From Recycled PVC Plastic

Nov 13, 2024

NPCI’s ‘Always Forward’ Will Drive Innovation, Inclusivity

NPCI launches brand campaign to engage and inspire audiences nationwide

Nov 11, 2024

EaseMyTrip & Hyperface Will Enhance CX By Cards

The partnership will benefit EaseMyTrip’s co-branded credit and debit card programs in partnership with existing bank partners.

Nov 07, 2024

Digit9 Launches Innovation Hackathon With Apix

Digit9's Borderless Hackathon Is to Transform Future of Transactions

Nov 07, 2024

Mastercard Goes OTP-Free In APAC For Safer Online TXNs

Today’s launch at the Singapore FinTech Festival marks the latest milestone in Mastercard’s mission to reinvent checkout

Nov 06, 2024

Credit On UPI Powers India’s Festive Spending Surge

30% Rise In Offline Festive Spending At Local Shops, reveals Kiwi’s data

Nov 06, 2024

Bharat Connect Processed TXNs Totaling Rs1 Tn in Oct

The broader shift towards cashless transactions, Growing Penetration Of Digital Payments In Rural Areas

Nov 06, 2024

Spice Money's Campaign To Empower Rural Communities

‘Customer Ek, Bill Anek': Connect Campaign

Oct 30, 2024

Aurionpro Secures Major Data Center Projects

The orders are awarded by a leading Hyperscale player In India

Oct 29, 2024

Aurionpro's Major Win In South Asia For Top Bank

The deal is to Transform Corporate Banking Services across multiple countries in South Asia for a Leading Bank

Oct 25, 2024

Banks Should Provide Alt Payment Methods

Banks See Room For Improvement To Extract Higher FX Revenue From Cross-Border Payments

Oct 22, 2024

American Express Trendex: Indians Plan to Travel, Spend More This Holiday Season

94% of Indian travelers are willing to spend more for a convenient and enjoyable travel experience

Oct 22, 2024

Aurionpro Solutions Reports 37% Increase In PAT

Aurionpro Solutions Reports strong H1 FY25 Results with 32% Revenue Growth

Oct 22, 2024

BharatPe And Nasscom Foundation Collaborate

The Partnership Will Enable Business Formalization for 1,500 Women Entrepreneurs in Maharashtra

Oct 21, 2024

PayMate Unveils Biz Payment App At SDEC

The App will empower Malaysian SMEs to maximize working capital

Oct 21, 2024

Tech Innovation Will Be Key for Growth In Maturing Payments Industry

Act Now or Pay Later

Oct 17, 2024

BharatPe Group Cuts EBITDA Loss By 75%

BharatPe Group records 39% growth in revenue from operations in FY24; Cash burn reduced by 85% YoY

Oct 16, 2024

Axis Bank Tops As UPI Payer PSP Bank

Axis Bank Reinforces its Leadership in Digital Payments

Oct 14, 2024

Ola Must Provide Choice To Consumers Regarding Refund Mode

As per CCPA direction, consumers may choose refund via Bank Account or Coupon in Grievance Redressal Process

Oct 13, 2024

WhatsApp-Based Ticketing Begins At Mumbai Metro

Ms Rubal Agarwal, MD of Mumbai Metro inaugurated the service

Oct 11, 2024

Aurionpro Unveils Next-Gen Platform In Saudi Arabia

The advanced capabilities are designed to improve operational efficiency while delivering a superior customer experience

Oct 11, 2024

ASEAN, India To Strengthen Cooperation In DPI

ASEAN-India Joint Statement on Advancing Digital Transformation: Explore potential collaboration of cross-border linkages between payment systems in ASEAN and India

Oct 11, 2024

RBI Approves Launch Of 'Piramal Pay' PPI

With this approval, Piramal Payment Services Limited has joined the distinguished list of Payment System Operators authorized by the RBI to set up and operate in India.

Oct 10, 2024

Views Of Paynearby, Spice Money, NTT DATA Payment Services

RBI’s decisions will further democratize digital payments and drive financial empowerment in regions that have historically been underserved by traditional banking infrastructure, and promote secure and safe transactions across the country.

Oct 09, 2024

Beneficiary A/C Name Look-Up Facility In RTGS, NEFT

Detailed guidelines will be issued separately

Oct 09, 2024

UPI123Pay, UPI Lite Wallet: Per-Transaction Limit Up

Necessary instructions will be issued to NPCI shortly, says Shaktikanta Das, Governor, Reserve Bank of India

Oct 09, 2024

American Express India Unveils Enhanced Card

It Is Offering Consumers New Travel and Lifestyle Benefits

Oct 08, 2024

India-UAE Working On Interlinking Of UPI- AANI

Abu Dhabi Investment Authority (ADIA) to establish a subsidiary at GIFT City, Go to open an office of Invest India in Dubai, The major initiatives between the 2 countries include bilateral trade in local currencies, cooperation on Central Bank Digital Currencies, the launch of work relating to a Virtual Trade Corridor and the development of a food park in Ahmedabad

Oct 07, 2024

SEBI’s Move A Big Boost To Investors: Rahul Jain

This move will improve fund management and further enhance investors’ convenience, allowing them to create a payment mandate by blocking funds for trading which will safeguard their amount from misuse.”

Oct 01, 2024

UPI Crossed 500 Mn Daily TXNs In September, Value > Rs20 Tn For 5th Month

The impressive growth of UPI showcases the growing adoption of digital payments across India

Oct 01, 2024

NBBL Integrates NPS On Bharat Connect Platform

Investors to experience complete interoperability, simplified authorization and digital convenience while making their NPS contributions

Oct 01, 2024

PNB World Travel Card Is Loaded With 6 Currencies

Simplify Global Travel with this prepaid card that can be loaded with USD, EUR, GBP, AED, CAD, and SGD

Sep 27, 2024

Payment Platform In Trinidad-Tobago By NIPL

This collaboration marks a significant milestone, making Trinidad and Tobago the first Caribbean nation to adopt the globally renowned UPI.

Sep 27, 2024

PayMate Partners With De’Xandra For SMEs

The partnership between PayMate and De’Xandra aims to accelerate growth for Malaysian SMEs through innovative B2B payment solutions

Sep 25, 2024

500 Mn Smartphone Users Will Be Using DIW By 2026

Gartner states the shift toward portable digital identity is underway

Sep 24, 2024

58% Of Indian SMBs Have Multiple Options For Accepting Payments From International Vendors

In India, roughly 26% of the SMBs on average, have already implemented AI

Sep 24, 2024

BoB EaseMyTrip Travel Debit Card Launched

First public sector bank to introduce a co-branded Travel Debit Card

Sep 23, 2024

CheQ Joins Hands With Flipkart For Big Billion Days Sale

Users can earn up to 2x CheQ Chips during this period. Chips can be used to redeem crazy big billion-day sale vouchers

Sep 23, 2024

BharatPe Onboards ONDC

Th integration is to offer food ordering and delivery to its customers

Sep 23, 2024

United States-India Working To Unlock $1 Bn In New Multilateral Finance Via IBRD

The United States and India intend to elevate and expand bilateral technical, financial, and policy support to expand complementary U.S. and Indian manufacturing capacity for clean energy technologies and components and lay the groundwork for enhanced cooperation in third countries, with a focus on partnerships in Africa. This effort will build on existing clean energy cooperation between the United States and India, including clean energy initiatives launched during Prime Minister Modi’s visit

Sep 22, 2024

Impressive AI Lineup For Asia's Premier Digital Tech Forum

India Mobile Congress 2024 invites Delegates and Media to register for the eighth edition of the premier Technology Forum

Sep 19, 2024

Aurionpro Launches NextGen Offerings

Aurionpro Goes Live As Online Payment Aggregator at Global Fintech Fest 2024

Sep 02, 2024

Federal Bank Launches Facial Payment System SmilePay

Initial pilots rolled out in partnership with Reliance Retail and Svatantra Micro Finance for their customers at select branches / outlets

Aug 29, 2024

Cashfree Payments Launches Secure ID At GFF

Launched in the presence of G Padmanabhan, former RBI Executive Director

Aug 29, 2024

EnKash-NBBL Partner For B2B Invoice Payments

The RBI Governor Shaktilata Das launched the BharatBill Pay for Business at the Global Fintech Fest 2024

Aug 29, 2024

OPEN Launches Bharat BillPay For Business

OPEN is one among the first few Indian fintechs to offer Bharat Billpay for Business on the Open Money platform

Aug 29, 2024

Pine Labs-Visa Will Boost Digital Payments Adoption

They jointly unveil Pine Labs Mini – A soundbox-enabled device for QR, NFC, and card payments

Aug 28, 2024

super.money Unveiled Co-branded Credit Card With Utkarsh SFB

A global first Rupay credit card with credit limit ranging from Rs 90 to Rs 9L to adapt to all UPI use cases

Aug 28, 2024

BharatPe Ventures Into Consumer Payments

BharatPe Rebrands postpe app to BharatPe

Aug 28, 2024

Co-Branded Credit Cards To Lead Mkt With 40% CAGR

Co-Branded Credit Cards Will Be Outpacing Traditional Cards by 2X by FY28 : Redseer-Hyperface Report

Aug 27, 2024

Speakers & Sessions On Digital Payments @ GFF 2024

The theme of this year’s Global Fintech Fest (GFF) 2024 is ‘Blueprint for the Next Decade of Finance: Responsible AI | Inclusive | Resilient’.

Aug 26, 2024

Easebuzz Revenue Surges To Rs2.90 Bn; Eyes IPO In 2 Years

Verticalized SaaS Payments platform maintained its strong track record of profitability

Aug 23, 2024

Cashfree Payments' Secure ID Prevents Fraud Of Rs50 Cr

Cashfree Payments’ Secure ID crosses 100Cr+ verification

Aug 22, 2024

TransBnk Raises $4 Mn To Disrupt Global TXN Banking

Series-A funding round led by 8i Ventures, Accion

Aug 21, 2024

Aditya Birla Finance- AU SFB Launch Credit Cards

The feature-loaded co-branded credit cards are available in four variants

Aug 20, 2024

BharatPe Partners With OTO Capital, Volt Money

BharatPe to facilitate Two-wheeler loans and Loans Against Mutual Funds

Aug 20, 2024

UPI Circle Will Enable More Niche, Group-Based Financial Interactions: Rajan

This innovation will not only drive convenience but also enhance security by reducing the risk of fraud within these trusted ecosystems.

Aug 19, 2024

NBFC-P2P Shall Not Assume Any Credit Risk: RBI

An NBFC-P2P shall not cross sell any product except for loan specific insurance products

Aug 16, 2024

NPCI Incorporates NPCI BHIM Services As Subsidiary

NBSL will be led by Ms. Lalitha Nataraj as the Chief Executive Officer (CEO) and Mr. Rahul Handa as the Chief Business Officer (CBO)

Aug 13, 2024

PNB's Braille Debit Card For Visually Impaired Customers

PNB ANTAH DRISHTI debit card design facilitates easier use for visually impaired customers

Aug 12, 2024

Crucial Step To Deepen Use Of Digi Payments: Modi

Rajesh Kumar, TransUnion CIBIL: CICs will help credit grantors make informed lending decisions. The secondary user will not need to have a separate bank account linked to UPI, simplifying the process and enhancing ease of use

Aug 08, 2024

Axis Bank Facilitates GST Payments For Commercial Card Clients

Clients also benefit by optimizing their Working Capital with Commercial Cards

Aug 08, 2024

Pine Labs Launches UPISetu

Setu, a Pine Labs company, in partnership with Axis Bank, today launched UPISetu, India’s only UPI-focused payments platform for businesses and developers

Aug 07, 2024

JioFinance Goes Int'l By Enabling Payments In Paris

JioFinance app can now be used for making payments at select tourist attractions in the French capital

Aug 06, 2024

NPCI Connectivity With C-Edge Technologies Re-established

Necessary security review and scans have been conducted by the auditor to ensure that rest of the infrastructure is clean.

Aug 02, 2024

Ransomware Attack On C-Edge Technologies: Coop Banks, RRBs Impacted

NPCI Isolated C-Edge Technologies From Accessing Retail Payment Systems

Aug 01, 2024

Transaction Limits Shall Be Set For AePS Touchpoint Operators Based On Their Risk Profile

Aadhaar Enabled Payment System -Due Diligence of AePS Touchpoint Operators - DRAFT

Jul 31, 2024

Magnet By ZET App Can Build Healthy CIBIL Score

Packed with a host of features Magnet introduces a unique proposition by combining the benefits of an FD and a credit card

Jul 29, 2024

Cashfree Payments Gets RBI’s PA-CB License

Cashfree Payments’ International Payment Gateway enables merchants to accept payments from 180 countries and 30 currencies worldwide

Jul 29, 2024

Digital Payments Index For March 2024 Up, Stands At 445.50

The RBI-DPI index has increased across all parameters driven by significant growth in payment performance and payment infrastructure across the country over the period.

Jul 26, 2024

India Card Payments Market To Grow By 11.3% In 2024

Debit, credit and charge cards collectively accounted for one-fourth (24.6%) of the total e-commerce transaction value in 2023, according to GlobalData’s 2023 Financial Services Consumer Survey; the card payments value is expected to register a strong compound annual growth rate (CAGR) of 11.1% between 2024 and 2028

Jul 26, 2024

Aurionpro Solutions PAT Grows 41% YoY

Aurionpro Solutions Kicks Off FY25 with Impressive Q1 Results, Revenue Grew 32% YoY to INR 262 Cr

Jul 24, 2024

“UPI One World” Wallet Service Extends To Inbound Int'l Travelers

International travelers can use the UPI One World app to make payments at merchant locations by simply scanning the QR codes.

Jul 22, 2024

“Reduce TCS From 20% To 1% On Int’l Transactions Above Threshold”

Bringing credit cards under TCS will ensure a level playing field with other payment instruments, prevent misuse: Swapnil Bhaskar, Chief of Strategy, Niyo

Jul 17, 2024

Bandhan Bank Launches Bharat QR Code

This will simplify the way these self-employed segment customers make payments at any merchant outlet.

Jul 16, 2024

Restaurants, Food Expenses: Top 3 Spending For Asians

HSBC Live+ Credit Card Gives Access To Over 200 Restaurants And Culinary Offers Across Asia

Jul 12, 2024

NPCI Int'l Partners With QNB For UPI Payments in Qatar

Indians travelling to Qatar will soon be able to make QR Code-based UPI merchant payments through QNB merchant network

Jul 11, 2024

RBI Liberalizes Rules To Open FCA In IFSCs

Tapan Ray: RBI allows resident investors to leverage our platform for a wider range of overseas investments and expenditures; Authorised Persons may facilitate remittances for all permissible purposes under LRS to IFSCs

Jul 10, 2024

Rules To Open FCA In IFSCs Liberalized

Tapan Ray: RBI allows resident investors to leverage our platform for a wider range of overseas investments and expenditures; Authorised Persons may facilitate remittances for all permissible purposes under LRS to IFSCs

Jul 10, 2024

BBPS Platform Simplifies Bill Payments For Customers, Billers

Customers can choose from a wide range of payment modes like UPI, net banking, debit card etc., thus enhancing convenience.

Jul 09, 2024

UPI Now Live At Galeries Lafayette In Paris

Following the successful implementation of UPI for online ticket booking at the Eiffel Tower, Galeries Lafayette becomes the second major French merchant to enable UPI under the NIPL Lyra partnership

Jul 06, 2024

Exempting GST On BC’s Services Would Encourage Greater Outreach: Dilip

Integrate Space Into Policy And Program Execution: Sahoo

Jul 05, 2024

NIPL Partner Network International In UAE

UPI acceptance will be rolled out progressively, covering a wide range of establishments from retail stores and dining outlets, as well as tourist and leisure attractions including Dubai Mall and Mall of the Emirates.

Jul 03, 2024

ICICI Bank Offers Sapphiro Forex Card For Students

The card offers joining benefits worth up to INR 15,000

Jul 02, 2024

SBI’s 11 Initiatives For Enhanced Digital Experience

On 69th Foundation Day, SBI commits to enhancing the banking experience with transformational initiatives

Jul 01, 2024

Cross Border Payments: RBI's Nexus By FPSs

RBI and ASEAN Countries to Create a Platform to Facilitate Instantaneous Cross-Border Retail Payments

Jul 01, 2024

Further Pickup In Remittance Inflows And Outflows Expected In FY25

Trends in remittances

Jun 29, 2024

Remittances May Grow To $690 Bn By 2025

World Bank’s latest Migration and Development Brief: India Top Recipient Of Remittances in 2023; Officially recorded remittance flows to low- and middle-income countries (LMICs) moderated in 2023; Outward remittances from the GCC countries to destination countries decreased by 13 percent

Jun 27, 2024

>150,000 Money Laundering A/Cs Found In APAC: 70% Frauds In APAC Began From Apps

Across the region, the number of reported voice scams increased by 108% in 2023

Jun 26, 2024

IPPB & Ria Money To Offer Remittance Services Across Rural India

The ease of access brought by this collaboration will provide customers in remote areas across India with convenient and affordable doorstep financial services

Jun 19, 2024

Aurionpro Payments Gets Final Authorisation For Online PA License

This is a significant milestone in achieving Aurionpro’s long-term goals as a payment service provider

Jun 13, 2024

Perceptions Of Tech Leaders On RBI Policy

The regulator’s measures will drive multi-fold growth in UPI led transactions

Jun 07, 2024

NIPL-BCRP To Create UPI-Like System In Peru

This collaboration marks a significant milestone, making Peru the first country in South America to adopt the globally renowned Unified Payment Interface (UPI) technology

Jun 05, 2024

Cashfree Payments Appoints Hota As Ind Director

Hota is a veteran in the Indian banking and payments industry and has spent close to three decades in the Reserve Bank of India. He was the Former Managing Director & CEO of National Payments Corporation of India

Jun 04, 2024

Frauds Occurred Mainly In Digital Payments

An assessment of bank group-wise fraud cases over the last three years indicates that while private sector banks reported maximum number of frauds, public sector banks continued to contribute maximum to the fraud amount

Jun 01, 2024

Installation Of SBS Machines Will Start From Current Q1

Agenda for 2024-25: RBI Will Modernize Currency Management Infrastructure; RBI Will Sustain the Self-Sufficiency In Banknote Production

Jun 01, 2024

RBI Will Extend CPFIR To StCBs, DCCBs, UCBs, RRBs For Payment Fraud Reporting

Agenda Of RBI’s DPSS & IT For 2024-25; 340 e-BAAT programs conducted

May 31, 2024

BharatPe- PhonePe Amicably Settle All Long- Standing Trade Mark Disputes

The settlement will put an end to all open judicial proceedings

May 26, 2024

RuPay's Contactless Payment Collectible For IPL Playoffs & Final

“RuPay On-The-Go” collectible offers seamless access and versatile payments, featuring signatures from TATA IPL captains

May 24, 2024

Kiwi On-boards 1 Lac Virtual Rupay Credit Cards In 10 Months

UPI Integration Spurs Growth In Rupay Credit Cards

May 23, 2024

AI, International Business To Boost FY25 Outlook For Infibeam Avenues

Infibeam Avenues' Results Exceed Estimates on Digital Payments Strength

May 16, 2024

25% Cashback Offer For RuPay Cards Till July 31

Offer on in-store purchases1 in Canada, Japan, Spain, Switzerland, UAE, UK and USA

May 15, 2024

Zeta Eyes 50% Of $1Tn Credit On UPI Banking Tech Opportunity By 2030

Zeta Launches Digital Credit As A Service For Banks In India

May 10, 2024

NPCI Adds Key Leadership In Information Security Division

NPCI has onboarded Benjamin Ambrose as Chief Information Security Officer, and Pravin Kumar as Chief Market Information Security Officer

May 09, 2024

Das Discusses Strategies For Scaling Up Of UPI infra With Major Stakeholders

Das Met Major Stakeholders In UPI Ecosystem

May 08, 2024

Zaggle Re-appoints Avinash Godkhindi As MD & CEO

Godkhindi has been at the helm of Zaggle since February 2012, demonstrating exceptional leadership as the Co-Promoter, MD & CEO

May 08, 2024

NPCI Bharat BillPay Onboards Disney+ Hotstar As A New Biller

Providing existing and new users of Disney+ Hotstar a hassle-free solution for subscription management through BBPS-enabled channels

May 06, 2024

ICICI Bank's NRI Customers Can Make UPI Payments In India By Mobile

NRI customers residing in 10 countries can pay utility bills and merchants in India through iMobile Pay

May 06, 2024

NIPL To Deploy UPI Stack For Bank of Namibia

This collaboration marks a strategic leap towards strengthening Namibia’s financial infrastructure and fostering inclusive economic growth

May 02, 2024

American Express To Open Campus In Gurugram

The campus reflects American Express’ dedication to fostering a dynamic work environment

May 01, 2024

RuPay JCB Cardholders Can Get 25% Cashback On Overseas Purchases

The offer will be valid from May 1, 2024 to July 31, 2024 for in-store purchases* in Indonesia, Malaysia, Singapore, Spain, Sri Lanka, Thailand, USA and Vietnam

Apr 30, 2024

YES BANK & ANQ Launch Co-Branded Credit Cards

Pi and Phi: Bridging Traditional Banking with Fintech Innovation

Apr 30, 2024

PayNearby & Myshubhlife Will Provide MSMEs Easy Access To Revolving Credit

To enable them with better working capital and drive growth in their businesses

Apr 29, 2024

SBI Card's PAT Up By 7% at Rs24.08 Bn

SBI Card's Impairment losses & bad debts expenses up by 50% at Rs944 Cr in Q4 FY24 vs Rs630 Cr in Q4 FY23

Apr 26, 2024

Talkcharge Technologies Directed To Refund Prepaid Amt In Customers’ Wallets

RBI cautions public against Prepaid Payment Instruments issued by unauthorised entities

Apr 25, 2024

NPST's Net Profit Up By 310% To Rs27 Cr YoY

NPST sees substantial runway for growth through the long-term potential in person to merchant digital payments, and the opportunity to capture new payment flows and market segments

Apr 25, 2024

Happiest Minds To Acquire PureSoftware Technologies

In addition to augmenting its presence in USA, UK and India, Happiest Minds will also get a near-shore presence in Mexico and offices in Singapore, Malaysia, and Africa. PureSoftware reported revenues of US $ 43 Million (~ ?351 Crores) for Fiscal 2024.

Apr 25, 2024

BharatPe One Launched

India’s first All-in-One Payment Device

Apr 23, 2024

Razorpay Creates UPI Infra For 10,000 TPS

Businesses to get access to UPI innovations 5X faster, compared to the industry standards of 10 months

Apr 23, 2024

IndusInd Bank Successfully Executes RBI’s Programmable CBDC Pilot

For this pilot, the bank collaborated with Circularity Innovation Hub

Apr 22, 2024

Aurionpro Solutions Acquires Arya.ai

The aggregate investment including secondary acquisition and fund infusion is approximately 16.5 MN USD

Apr 22, 2024

Nium Appoints Alexandra Johnson As Chief Payments Officer

Banking Industry Expert Johnson will oversee strategy, day-to-day activities, and the evolution of Nium’s payments network team.

Apr 22, 2024

NPCI Bharat BillPay Partners With SBI

he Initial phase is live with SBI NCMC cards for – Noida Metro, Nagpur Metro, MMRDA Line 2A & 7, Chennai Metro, Kanpur Metro, and Parliament Canteen via SBI Unipay

Apr 18, 2024

NPST Appoints Veteran Banker Ram Rastogi As Independent Director

NPST Strengthens Board

Apr 16, 2024

Jump In MF Investments (86%), Insurance Payments (56%), Trading (62%)

Wealth, Wellness, and Wanderlust: Razorpay’s Annual Payments Report Analyses India’s Spending Behavior in 2023

Apr 16, 2024

RBI’s Move Will Lead To Widespread Adoption Of CRMs: Goyal

Linking of PPIs through UPI applications will facilitate seamless peer-to-peer and peer-to-merchant transactions, by enhancing accessibility and flexibility to use funds in the PPI like Ongo wallet or cards: Chairman & MD, AGS Transact Technologies

Apr 11, 2024

Card Network Portability Needs Navigation Of Challenges About Security, Efficiency, CX

Revolutionizing Choice and Competition: The foreseen Impact of Card Network Portability in India

Apr 08, 2024

Customers Will Have Wide Array Of CBDC Wallets

The move widens the playing field and can turn CBDC into a mainstream payment option in the foreseeable future

Apr 05, 2024

Monica Jasuja Is Twid's Chief Growth & Partnership Officer

Jasuja will spearhead the company's issuer growth strategy and drive exponential expansion through partnerships that increase market reach, user base, and revenue streams.

Apr 03, 2024

Tata AIA Launches Payment On WhatsApp

New introduction is an outcome of a partnership with Meta and Infobip; Tata AIA adopts an Analytics-driven, Decile based approach to improve its renewal premium collections.

Apr 01, 2024

Cashfree Payments Launches RiskShield

India’s real-time risk management solution empowers merchants curb cyber payment frauds in real-time

Mar 22, 2024

Titan SBI Card Launched

Cardholders offered over INR 2,00,000 worth of benefits annually

Mar 21, 2024

Indian Tourists Will Spend More And Use Travel Hacks

American Express 2024 Global Travel Trends Report reveals many interesting findings

Mar 19, 2024

Regtech Companies Can Be Game-Changer: Ankit

Digital frauds which erodes trust, damage economies, and fuel further fraudulent activity

Mar 13, 2024

Passport Officials Took Bribe Through Payment-Gateways

CBI registers a case against 05 accused including officials of regional passport office on allegations of taking bribe and conducts searches

Mar 13, 2024

IndusInd Bank Launches All In 1 Payment Wearables

The bank launches Indus PayWear – India's first contactless wearables for both credit and debit cards

Mar 11, 2024

Embedded Finance Will Grow At 50% In Next 3 Years

Rise of Embedded Finance: Transforming Everyday Experiences with Seamless Financial Services

Mar 11, 2024

UPI Is Now Accepted In Nepal

Indian citizens can seamlessly conduct QR-code-based UPI transactions in Nepal

Mar 08, 2024

RBI Amends Provisions Credit Card & Debit Card – Issuance & Conduct Directions

Amendment to the Master Direction - Credit Card and Debit Card – Issuance and Conduct Directions, 2022

Mar 08, 2024

AGS Transact Technologies’ Brand Ongo Partners with Patanjali Ayurved

Open-loop Cobranded Rupay Prepaid Cards will be Issued

Mar 06, 2024

Card Issuers Shall Give Option Of Multiple Networks To Customers

Arrangements with Card Networks for issue of Credit Cards

Mar 06, 2024

NPCI & IISc Bangalore Will Do Research On Blockchain, AI Tech

The association will also propel further innovation through the establishment of the "NPCI–IISc Centre of Excellence (CoE) for Deep Tech Research & Development

Mar 06, 2024

Cashfree Payments launches Embedded Payments

The company enabling software platforms to offer seamless payment experiences for businesses

Mar 06, 2024

Infibeam Avenues Gets Final Authorisation For PA Licence

Monumental boost for our payment business.

Mar 05, 2024

Record 4,10,61,337 NEFT Transactions Processed In A Day

Progress of NEFT & RTGS system

Mar 02, 2024

DBT To Farmers Under PM KISAN Crosses Rs 3 Tn

90 lakh new beneficiaries added during Viksit Bharat Sankalp Yatra outreach campaign

Mar 01, 2024

NPCI International and Eurobank Sign MoU For Enhancing Cross-Border Payments

Foundation For A Strategic Alliance on Foreign Inward Remittances

Mar 01, 2024

Going Global is Easier for Companies Successful in India: Sameer Nigam

the IT industry attracted significant FDI to India, creating jobs: Founder & CEO, PhonePe

Feb 28, 2024

Dvara Money & Jana SFB Facilitate Digital Banking In Bharat With Spark Money

A collaboration that aims to develop the digital banking landscape in Bharat, enhancing user experiences through the Spark Money platform

Feb 27, 2024

IDS 2024: Digitise, Monetise, Democratise

IDS To Focus On Digital Advertising & Martech, Gaming, eCommerce, Edutech, Fintech; MeitY, MIB, DPIIT Secretaries, Over 60 Founders to Address India Digital Summit 2024 in Mumbai, February 27-28

Feb 24, 2024

Pivotal Moment In Journey Towards Modernizing Transit Systems: PCI

Bipin Preet Singh: Industry welcomes the recent amendments by RBI Allowing banks and non-banks to issue Prepaid Payment Instruments for public transport

Feb 24, 2024

RBI Asks NPCI To Examine Whether OCL Can Become TPAP For UPI Channel

Additional Steps undertaken by the RBI in follow up to Action against Paytm Payments Bank

Feb 23, 2024

RBI Amends Master Direction on Prepaid Payment Instruments

Authorised Banks, Others Permited To Issue POIs For Payments Across Transport Systems

Feb 23, 2024

Paytm Shifts Nodal Account to Axis Bank: Vijay Shekhar Sharma’s Tweet: RBI’s FAQs About PPBL

Sharma: "Paytm QR, Soundbox and EDC (card machine) will continue to work like always, even after March 15"

Feb 16, 2024

RBI Grants 15 Days’ Grace Period To Paytm Payments Bank

No further deposits or credit transactions or top ups shall be allowed in any customer accounts, prepaid instruments, wallets, FASTags, National Common Mobility Cards, etc. after March 15, 2024 (extended from the earlier stipulated timeline of February 29, 2024)

Feb 16, 2024

Terms of Reference Signed Between RBI And Nepal Rastra Bank On Integration Of UPI

The necessary systems will be put in place for interlinking of UPI and NPI

Feb 15, 2024

RBI Instructs Card Network To Stop Unauthorized Payments Though Business Cards

The intermediary in the said arrangement pooled large amount of funds into an account which is not a designated account under Payment and Settlement Systems (PSS) Act

Feb 15, 2024

Fintech SROs Can Address Consumer Grievances: Ratan

The RBI governor held meetings with the MD & CEOs of Public Sector Banks and select Private Sector Banks and applaud them for building resilient domestic financial system. However, banks should continue to maintain their vigil around build-up of risks.

Feb 15, 2024

PayNearby launches Digital Naari platform to create self-employment

Aims to onboard and uplift over 1 lakh women 'Lakhpati Didis' by 2025

Feb 15, 2024

Global Virtual A/cs Mkt Likely To Reach USD 65.0 Bn By 2030

The crackdown on business credit cards presents an opportunity for stakeholders to innovate with their existing payment methods

Feb 15, 2024

Kendriya Vidyalaya Students Can Pay Fees via Bharat BillPay-Enabled Apps

The collaboration facilitated by Union Bank of India marks a significant milestone in simplifying payment of education fees

Feb 15, 2024

Rupay Cards Get Interlinked With JAYWAN: India-UAE To Aid In Digital Infra Projects

The two leaders held one-on-one and delegation level talks. They reviewed the bilateral partnership and discussed new areas of cooperation

Feb 14, 2024

  BLS E-Services’ PAT Is Rs7.95 Cr

Q3FY24 EBITDA at Rs10.31 Cr, a growth of 15.65%; EBITDA Margins at 14.4%

Feb 12, 2024

PM Starts UPI Services In Mauritius, Sri Lanka

India's Unified Payments Interface, i.e. UPI, is now performing a new responsibility - Uniting Partners with India": "India's policy is 'Neighborhood First'. Our maritime vision is SAGAR i.e. Security And Growth for All in the Region": Narendra Modi

Feb 12, 2024

SINGLE.ID Addresses ‘Rewards Payment’ Challenges For Retailers

Brand ambassador MS Dhoni graced the event where Sarvatra Technologies launched their new app in association with Enigmatic Smile.

Feb 10, 2024

New Framework Will Combat Financial Frauds, Bolstering Digital Security: Rahul Jain

The new framework will streamline user experience while empowering them with choice and convenience

Feb 09, 2024

‘Enhancement Of CBDC-R: New Global Standard’

The proposal for a principal-based authentication framework in digital payments boosts security and promotes digital financial services adoption, particularly benefiting MSMEs

Feb 08, 2024

Digital Payment Security: Game Changer Move

This innovation is providing for an extra layer of protection against unauthorized transactions and increasing overall trust in digital payment systems

Feb 08, 2024

RBI To Enhance Security Of AePS Transactions

RBI proposes to adopt a principle-based "Framework for authentication of digital payment transactions"; RBI proposes to streamline the onboarding process, including mandatory due diligence, for AePS touchpoint operators, to be followed by banks

Feb 08, 2024

Malaysia, Indonesia, Hong Kong have ATM fees under 1%

Wise Unveils ATM Withdrawal Fees Across Top APAC Travel Destinations

Feb 07, 2024

Spice Money Boosts Leadership To Drive Innovation, Growth

India's Pioneering Rural Fintech Elevates Sameer Nagpal to Chief Operations Officer at Spice Money, appoints Harsh Mittal as Chief Product & Technology Officer, and names Binu Varghese as the General Counsel of the Spice Group

Feb 07, 2024

Slice Opens Up Its UPI First Account Product For Everyone

slice account simplifies the payment process by eliminating cross-selling and prioritising a user-friendly interface designed to save time

Feb 05, 2024

Paytm Denies Investigation By ED On Its Associates Or Executive For Money Laundering

One 97 Communications (OCL) will work with banks, other than Paytm Payments Bank; OCL and Paytm Payments Services Limited (PPSL) will move the nodal to other banks by February 29, 2024.

Feb 04, 2024

Eiffel Tower: First Merchant To Offer UPI Payments In France

This announcement is of particular significance considering that Indian tourists rank as the second largest group of international visitors to the Eiffel Tower

Feb 02, 2024

Budget Will Foster Innovation: Fintechs Will Help Women-Led MSMEs To Access Formal Credit

FIBE's vision of empowering and upskilling the youth to fulfil their aspirations are aligned well with the initiatives

Feb 01, 2024

RBI-Digital Payments Index Has Increased Across All Parameters

The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India – Digital Payments Index (RBI-DPI)

Feb 01, 2024

RBI Takes Stern Action against Paytm Payments Bank

No further deposits or credit transactions or top ups shall be allowed in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc. after February 29, 2024, other than any interest, cashbacks, or refunds which may be credited anytime

Jan 31, 2024

GST Subsidy Would Ease Financial Services’ Reach

Consideration urged for a waiver of GST on all financial services made available from BC outlets, an Income Tax relief for the next seven years, and reduced import duty on essential financial services devices

Jan 31, 2024

Budget: Focus On Expanding Merchant Acceptance Landscape

Comprehensive programs within the budgetary provisions can raise awareness about the efficacy of secured credit cards in cultivating positive credit histories

Jan 24, 2024

Infibeam Avenues Records Highest Ever PAT At Rs421Mn

Payments business incrementally added over INR 1 billion Gross Revenue in a single quarter

Jan 23, 2024

Kiya.ai Partners With Arab Financial Services In MEA Region

Through this partnership, AFS's diverse products and solutions portfolio will be further enhanced with Kiya.ai's deep domain expertise and new-age banking technologies which include Core Banking, Digital Banking, Internet Banking, electronic Customer Onboarding (eCO) and Trade Finance solutions

Jan 23, 2024

Zaggle Partners With Hyperface For Corporate Credit Cards

The partnership will strengthen Zaggle's product suite, and will add to its unmatched expense management solutions with multi-wallet functionalities

Jan 23, 2024

Razorpay POS Introduces Instant Refunds Within 2 Mins For Failed UPI Transactions

According to Razorpay's data, 5-15% of UPI transactions see friction due to pending status and its merchants lose their business in 30-40% of the cases wherein the customer is not comfortable making a double payment via UPI or paying through any other method. Using Razorpay POS device's fully automated system, the refund process now takes a maximum of 2 minutes compared to the industry standard of 5 to 6 business days

Jan 22, 2024

Paytm Focuses on AI Led Operating Leverage

Paytm's Revenue up 38% YoY to Rs2,850 Cr; EBITDA before ESOP of Rs219 Cr, margin improved to 8%

Jan 22, 2024

Adoption Rate Of Fintech In India (87 %) Well Above Global Average (67%): Das

4 million customers have onboarded e-Rupee; the success is visible with more than 12 billion transactions carried out through UPI in December 2023; Reserve Bank’s composite Digital Payment Index which has increased almost four-fold in the last 5 years

Jan 17, 2024

Infibeam Avenues Appoints Rajesh Kumar as Phronetic.AI CEO

Strategic appointment underscores Infibeam's unwavering commitment to technological advancements within the AI landscape

Jan 17, 2024

Google Pay India & NIPL Will Drive Global Expansion of UPI

the MoU intends to assist in establishing UPI-like digital payment systems in other countries, providing a model for seamless financial transactions

Jan 17, 2024

Hitachi Money Spot Plus Launched

Hitachi Payment Services launches its new financial inclusion initiative to expand to hinterland

Jan 16, 2024

UPI Apps Enabled For Remittances from Singapore

Users can receive funds from Singapore via UPI-PayNow Linkage; More Third-Party Application Providers (TPAPs) and bank apps are expected to be added to the linkage soon

Jan 11, 2024

Fuel Credit Cards Top Demand In Tier-2 & 3 Cities

Demand for travel credit cards see a 27% (YOY) growth, e-commerce 24%, & fuel 17%, New-To-Credit (NTC) consumers rise by 19% during 2023

Jan 09, 2024

Infibeam Avenues To Invest Rs20 Bn In AI Hub

The Artificial Intelligence -powered fintech has signed a MoU with the Gujarat Government for developing cutting-edge vision AI-technology for payments and platforms specifically tailored for retailers

Jan 09, 2024

EbixCash Payment Solutions’ Exceptional Revenue Growth in 2023

Retains Dominant Leadership Role in Foreign Exchange, Inward and Education Money Remittance Sectors

Jan 08, 2024

Hitachi Cash Management Services Unveiled: Anup Neogi appointed as MD & CEO

Hitachi Payment Services Completes Acquisition Of Writer Corporation's Cash Management Business

Jan 08, 2024

How India's Digital Transformation in 2023 Reshaped Industries and Society

The fintech sector saw significant growth, with the adoption of digital payments and blockchain technology

Jan 03, 2024

PIDF Scheme Extended Up To 2025 End: Guidelines For Enhancements

It has been decided to enable other contemporary devices, viz., (i) Soundbox devices – providing instant audio payment confirmation along with payment acceptance by "scan & pay" and Near Field Communication (NFC), and (ii) Aadhaar-enabled biometric devices – certified biometric scanner devices facilitating Aadhaar authentication for acceptance of payment by merchant through BHIM Aadhaar Pay, would be eligible for subsidy under the Scheme, for installations made from October 01, 2023 onwards

Jan 02, 2024

'UPI for Secondary Market' to be launched next week

The launch is set to commence in its Beta phase for the equity cash segment, with the collaborative support of clearing corporations, stock exchanges, depositories, stockbrokers, banks, and UPI app providers

Dec 29, 2023

Rise of Digital Transactions in Ayodhya

Donations are effortlessly made through QR codes at the counters, streamlining the process for devotees; Ayodhya is experiencing a digital rejuvenation and a technological leap; From sublime spirituality to digital transcendence

Dec 27, 2023

Innovation, Govt Support Will Accelerate Digital Transformation Of MSMEs

Tier 2, 3 and beyond cities have emerged as a hotbed of digitization, with MSMEs in these regions actively adopting fintech solutions to streamline operations, enhance customer experiences, and expand their reach

Dec 27, 2023

Enhance UPI’s Accessibility In Rural Areas, Among Diverse Age Groups

Akash Sinha: We will see the introduction of regulatory frameworks that will help curb risk to build a safer and more secure digital payment environment

Dec 27, 2023

Infibeam Avenues To Start Video Intelligence Platform For Commerce & Payments

The company has announced the christening of its AI-Hub at GIFT City as Phronetic

Dec 26, 2023

2024: Taking Payments Revolution To The Next Level

Dilip Modi, Founder, Spice Money: Women-owned MSMEs, constituting nearly 14% of the total registered units, have experienced an impressive 110% annual job growth over the past six years

Dec 22, 2023

Fello Aims To Be India’s Top Prize Linked Banking App

The company aims to make finance fun and rewarding, thereby helping India's youth build better financial health

Dec 22, 2023

UPI transactions Up 118% at retail stores in 2023

PayNearby Report: Assisted e-commerce (meta commerce) grows by 91% in semi urban and rural retail counters

Dec 20, 2023

Cashfree Payments and Razorpay can operate as payment aggregators

RBI has granted the final authorisation to Cashfree Payments to operate as a payment aggregator

Dec 19, 2023

EbixCash Operations Insulated from the US-Only Chapter 11 Filing

All worldwide operations of the Company will continue to operate in the ordinary course and without any interruption

Dec 19, 2023

Sensex is trading lower today, while other Asian markets are trading mixed

Oil prices rose as major shipping firms announced to avoid the Red Sea route in the wake of pirate attacks. This could in turn lead to lead supply side pressures

Dec 19, 2023

PayCraft partners with NSDL Payments Bank & NPCI

The company launches One Nation Corporate Card

Dec 19, 2023

Cashfree Payments launches self-hosted Payments Orchestration Platform ‘FlowWise’

FlowWise cuts processing costs upto 40%, improves success rates upto 10%; FlowWise significantly enhances security of the payments system, by eliminating the risks such as data leaks

Dec 13, 2023

CCAvenue to have integration with Bandhan Bank's EMI facilities

Infibeam Avenues expands merchant financial landscape

Dec 12, 2023

Fintech Utilizing DLT, AI/ML For Better Ecosystem Tracking

The strategic measures will stimulate digital transactions, effectively curbing cash usage and fostering the growth of a cashless economy. There is a major boost to the cashless system

Dec 08, 2023

Cashfree’s 'BBPS-Biller Solution' for Indian businesses

It is a single integration platform designed for businesses handling repeat payments, to get discovered on 150+ digital channels and 35 lakhs+ offline collection centres on BBPS and collect bill payments at scale

Nov 30, 2023

Opportunities for Payments & Fintech for Decarbonization of Key Systems

Payments for net zero: How industry can contribute towards decarbonization

Nov 28, 2023

PayPoint India’s Digikhata: Bharat’s NEO Bank

In partnership with leading PSU and private sector banks, PayPoint India has more than 67000 retailers on the ground offering 100 plus services across geographical spread of India

Nov 28, 2023

TXNs at Restaurants Up 48%, Jewelry Sales 137%

Diwali 2023 Takes Off with 2x Flight Ticket Splurge and a 35% Jump in Holiday Accommodations; Dhanteras Gold Rush Keeps Up Its Momentum

Nov 21, 2023

Cashfree Payments’ KYC Link Empowers Businesses’ Digitalization

A seamless way for merchants to verify user identity eliminating the need for technical expertise thereby enhancing accuracy and reducing drop offs

Nov 21, 2023

Fudr to enable Barista’s rewards-based App in Q3

Hyderabad-based Ohris comes on board to use Fudr platform for launching an app featuring self-pickup, ordering and loyalty cards for Qaffiene

Nov 08, 2023

Radiant CMS’ platform for cash, digi banking  

RCMS acquires Acemoney

Nov 07, 2023

Razorpay Elevates Rahul Kothari as COO

This elevation comes at a time when Razorpay has begun expanding its footprint globally, starting with the SEA region

Nov 07, 2023

UPI surge is due to heightened consumer engagement in e-commerce: Agashe

People are making seamless payments from mobile in real-time with UPI.

Nov 01, 2023

SBI Card joins hands with Reliance Retail

Cardholders will benefit from SBI Card's best-in-class value propositions, offers, & latest technology. With an eco-conscious approach this one-of-its-kind card is made of 100% recycled plastic

Oct 31, 2023

Aurionpro Transit & MasterCard to provide payment solutions for commuters

The new partnership will work towards integrating MasterCard solutions with Aurionpro Transit's Automatic Fare Collection technology to simplify mobility and offer a seamless public transport experience.

Oct 30, 2023

5 products viable: 3rd Cohort on MSME Lending

Regulatory Sandbox

Oct 27, 2023

Razorpay can acquire merchants in Malaysia

PayNet membership will help Curlec drive nationwide adoption of real-time payments through DuitNow

Oct 26, 2023

IFSCA’s authorization to Escrowpay

It has processed transactions in excess of Rs150 Bn, has plans to increase its on shore presence in overseas geographies such as UAE

Oct 26, 2023

Debit card spending of SVANidhi A/C holders up by 50%

Cash back incentive has significantly increased acceptability of digital transactions

Oct 25, 2023

Ghar-Ghar KCC for fish farmers

Transformative initiative to ensure card access

Oct 20, 2023

SBI Card’s festive offer 2023 

Around 2200 offers across 2700+ cities to enhance festivities, SBI Card customers can enjoy up to 27.5% cashback

Oct 20, 2023

Strategic investment in Niyo by Spring Marketing Capital

To jointly create a large brand in the travel banking space

Oct 20, 2023

NBBL goes B2B, with payments, collections for businesses

Going live on myjio app for the biller Arzooo with Axis Bank as the BOU

Oct 19, 2023

Comviva-Gnosys offer digital banking solutions in APAC

Tech stalwarts bring the best of capabilities in the FinTech industry to offer banks next-generation digital experiences

Oct 19, 2023

BLS E-Services- Kotak Mahindra Bank join forces to expand financial access

Master Business Correspondent Agreement

Oct 18, 2023

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