UPI

Flipkart to Enable Transactions With India’s UPI Instant Payments System
Flipkart to Enable Transactions With India’s UPI Instant Payments System
March 04, 2024  |  Real-Time Payments

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...

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Report: Paytm Turning to Banks to Process UPI Transactions
Report: Paytm Turning to Banks to Process UPI Transactions
February 26, 2024  |  Banking

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...

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RBI Aims to Help Establish New Banking Relationships for Paytm
RBI Aims to Help Establish New Banking Relationships for Paytm
February 23, 2024  |  International

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...

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India Cracks Down on ‘Sketchy’ FinTech KYC Rules
India Cracks Down on ‘Sketchy’ FinTech KYC Rules
February 22, 2024  |  Regulation

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...

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Nium Looks to Expand in India With Payment Licenses
Nium Looks to Expand in India With Payment Licenses
February 05, 2024  |  Bank Regulation

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...

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Digital Payments Change ‘Basic Plumbing’ of Indian Society
Digital Payments Change ‘Basic Plumbing’ of Indian Society
January 21, 2024  |  Digital Payments

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...

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Google Aims to Take UPI Payments Beyond India’s Borders
Google Aims to Take UPI Payments Beyond India’s Borders
January 17, 2024  |  Google

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...

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PhonePe Names TerraPay Veteran Ritesh Pai as CEO — International Payments
PhonePe Names TerraPay Veteran Ritesh Pai as CEO — International Payments
January 05, 2024  |  Personnel

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....

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IndusInd Bank Launches Corporate Credit Card on RuPay Network
IndusInd Bank Launches Corporate Credit Card on RuPay Network
December 27, 2023  |  Credit Cards

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...

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