The founder of Indian eCommerce and payments firm Paytm is now reportedly also its largest shareholder. Paytm Chairman Vijay Shekhar Sharma is set to purchase a 10.3% stake worth...
MoneyGram has received the final regulatory approval needed for its sale to Madison Dearborn Partners. Having received approval from the Reserve Bank of India, the...
MoneyGram has pushed back the expected date of its planned sale. The firm and the intended buyer, venture capital firm Madison Dearborn Partners (MDP), now...
India’s digital transformation of financial services continues — and now pre-approved credit lines are linked to the United Payments Interface (UPI). In an announcement Thursday (April...
India’s United Payments Interface (UPI), the real time payments system, is showing explosive growth. And the tailwind to digital payments adoption, along with linkages to...
The Reserve Bank of India (RBI) has imposed a $375,000 penalty on Amazon Pay (India) Private Limited. The move followed the central bank and regulatory...
Google and Amazon have been cleared to expand their online payments businesses in India. The country’s central bank on Wednesday (Feb. 15) published a list of 32 companies that have...
Indian banks and retailers have reportedly begun accepting contactless payments made with digital rupees. The move is part of the Reserve Bank of India’s retail...
China’s Alibaba Group has reportedly sold half its take in Indian payments firm Paytm. The company sold its 3.1% stake in Paytm for $125 million...