- April 15, 2024
India’s Jio Financial Services has launched a joint venture with BlackRock.
The collaboration will establish a wealth management and brokering business in India, and comes less than a year after the two companies ...
- April 5, 2024
Real-time payments continue to gain global momentum in 2024. Two new national players joined the scene in March, and others are introducing significant advancements to their services.
Real-Time Payments in Qatar
Leading ...
- April 4, 2024
India-based “hyperlocal marketing-to-commerce” firm SingleInterface raised $40 million in new funding.
The funding round was led by Asia Partners, with participation by PayPal Ventures, according to a Thursday (April 4) press release.
Founded by entrepreneurs Tarun Sobhani and Harish Bahl, the ...
- April 1, 2024
Indian citizens visiting or working in the United Arab Emirates can now use the PhonePe app to make payments using the United Payments Interface (UPI) at Mashreq’s Neopay terminals.
These transactions are facilitated by UPI, and the ...
- March 19, 2024
India’s Airtel Payments Bank partnered with smartwatch company Noise to launch a smartwatch that enables users to tap to pay.
The Payments Bank Smartwatch enables hassle-free payments, Airtel Payments Bank said in a Tuesday (March 19) post ...
- March 14, 2024
Paytm will be able to participate in India’s instant mobile payments system, Unified Payments Interface (UPI).
“Now, officially your Paytm UPI will work,” the company said in a Thursday (March 14) post on ...
- March 6, 2024
India wants its banks to stop forging exclusive arrangements with credit card networks.
The Reserve Bank of India (RBI) — the country’s central bank and bank regulator — announced the move on its ...
- March 6, 2024
Paytm’s regulatory troubles appear to have pushed Indian consumers to Walmart and Google-owned payments operations.
Data released Wednesday (March 5) by the National Payments Council of India (NPCI) showed that the value of Paytm payments made using ...
- March 4, 2024
Indian eCommerce marketplace Flipkart has launched a Unified Payments Interface (UPI) handle to enhance its digital payment offerings by adding India’s popular instant payments system.
The new Flipkart UPI allows users to set up their ...
- March 4, 2024
India wants tech companies to get government permission before launching untested artificial intelligence (AI) products.
The country’s IT ministry has said tools that are “unreliable” or still being trialed must get the government’s ...
- March 1, 2024
Indian digital payments provider Paytm has announced that it will be cutting back on its business ties with its banking affiliate, Paytm Payments Bank.
The company said in a Friday (March ...
- March 1, 2024
Real-time payment systems continue to see strong usage worldwide.
One of the most significant developments is the European Council’s new rule to enable instant payments across the European Union and European ...
- February 26, 2024
Embattled Indian FinTech Paytm is reportedly turning to a group of banks for help.
The company is likely to work with Aix Bank, HDFC, Yes Bank and the State Bank of India to process ...
- February 23, 2024
The Reserve Bank of India (RBI) asked the National Payments Corporation of India (NPCI) to consider One97 Communications’ request to become a Third-Party Application Provider (TPAP) for the Unified Payments ...
- February 22, 2024
Uber reportedly wants to move deeper into India’s two- and three-wheeled vehicle market.
Speaking during an event Thursday (Feb. 22) in Bangalore, CEO Dara Khosrowshahi said the company was trying out services from scooters ...
- February 22, 2024
India’s banking regulator has made some high-profile enforcement moves in recent weeks.
Last month, the Reserve Bank of India (RBI) ordered Paytm Payments Bank to halt its businesses after an audit ...
- February 21, 2024
Amazon is working on a new eCommerce site to reach Indian shoppers, dubbing it a “special store.”
The eCommerce giant said it would not levy any “extra charges” to sellers on ...
- February 21, 2024
PhonePe has launched an Android app store that offers app discovery in 12 Indian languages that cater to 95% of the country’s population.
This new Indus Appstore provides Indian consumers with ...
- February 16, 2024
Walmart concluded its inaugural Walmart Growth Summit in India, an event designed to strengthen its partnerships and support India’s economic growth.
The event saw the participation of export-ready suppliers, innovators and ...
- February 14, 2024
Visa and Mastercard have reportedly paused intermediated commercial card payments in India following an order by the country’s financial market regulator.
The Reserve Bank of India (RBI) directed the firms to halt ...
- February 11, 2024
Paytm is reportedly set for a small regulatory win while facing bigger government headaches.
The government of the FinTech’s home country of India is on the verge of allowing Paytm to invest ...
- February 9, 2024
An Indian parliamentary panel has reportedly highlighted a need to support the growth of domestic FinTech players in India’s digital payments market.
The panel pointed to the dominance of PhonePe and ...
- February 5, 2024
Nium has received new payments licenses in India as it looks to expand in that country.
The Singapore-based real-time payments FinTech announced Monday (Feb. 5) that it had gotten principle approval from the Reserve ...
- February 5, 2024
Paytm, one of India’s leading digital payments firms, is reportedly under investigation by India’s financial crime-fighting agency for potential violations of foreign exchange rules.
The investigation is focused on determining whether ...
- February 2, 2024
Paytm, an India-based digital payments firm, is facing uncertainty regarding its license as the Reserve Bank of India ordered it to stop accepting deposits after Feb. 29.
The RBI’s order has ...
- February 1, 2024
For Indian regulators, Paytm Payments Bank was apparently too close with its parent company.
The Reserve Bank of India (RBI) this week announced it was suspending business at the bank — an arm of FinTech ...
- January 31, 2024
India’s banking regulator ordered Paytm Payments Bank to stop conducting business.
The Reserve Bank of India made the order Wednesday (Jan. 31), saying an audit uncovered compliance issues connected to the ...
- January 21, 2024
How ubiquitous have digital payments become in India?
As Australia’s Sydney Morning Herald reported Saturday (Jan. 21), street-side produce vendors in the country now include QR codes among their vegetables, one ...
- January 17, 2024
DMI Group, a pan-India financial services platform, has acquired ZestMoney, a digital credit provider in India.
The acquisition will allow DMI to incorporate the ZestMoney checkout financing platform into its product suite, ...
- January 17, 2024
The chair of India’s biggest bank said his country was right to restrict unsecured loans.
That crackdown, the State Bank of India’s Dinesh Khara told Bloomberg Tuesday (Jan. 16), helped hinder ...
- January 17, 2024
Google Pay is working to expand India’s popular mobile payment system beyond that country’s borders.
The tech giant has signed an agreement with the National Payment Corporation of India (NPCI) aimed ...
- January 10, 2024
Apple reportedly removed Binance and seven other cryptocurrency platforms from its Indian App Store.
The move, requested by the Indian government, marks an escalation in that country’s crackdown on digital asset ...
- January 9, 2024
As the new year begins, the global demand for faster, streamlined transactions continues to fuel the expansion of real-time payments worldwide. Countries are employing diverse approaches to developing, deploying and ...
- January 8, 2024
Sony’s India unit is reportedly ready to cancel its $10 billion merger with Zee Entertainment.
The deal, in the works since 2021, is at risk due to an impasse over the question of whether Zee ...
- January 5, 2024
Uber is testing a new flexible pricing service called Uber Flex in over a dozen cities in India, allowing commuters to bid a particular fare for their ride.
This move aims to ...
- January 5, 2024
India-based digital payments company PhonePe has appointed TerraPay veteran Ritesh Pai as CEO — International Payments, saying he will lead the company’s global expansion plans.
“Ritesh has been an early believer ...
- January 5, 2024
Indian digital payments firm MobiKwik has filed for an initial public offering (IPO) worth up to 7 billion rupees ($84 million).
This move comes after the company’s previous attempt in 2021 was postponed due to ...
- December 29, 2023
Zoomcar, an India-based peer-to-peer car-sharing platform focused on emerging markets, has gone public.
The firm completed a previously announced business combination with Cayman Island-registered special purpose acquisition company (SPAC) Innovative International ...
- December 28, 2023
The Financial Intelligence Unit India (FIU IND) aims to block the URLs of nine offshore virtual digital asset service providers (VDA SPs).
The regulator has also issued show cause notices to ...
- December 27, 2023
IndusInd Bank has launched a corporate credit card on the RuPay network.
With this launch, the new eSvarna corporate credit card will integrate Unified Payments Interface (UPI) functionality, the bank said in a Tuesday (Dec. 26) press ...