India’s antitrust watchdog says Apple abused its dominant place in the app store market. That’s according to a report Friday (July 12) by Reuters, citing a confidential report by the Competition Commission of India (CCI) which accuses Apple of engaging “in abusive conduct and practices”...
Walmart-owned Indian eCommerce marketplace Flipkart added new ways for customers to pay bills and recharge payments while shopping on the platform. The company has added FASTag, direct-to-home recharges, landline, broadband and mobile prepaid bill payments to its app, Flipkart said in a Wednesday (July 10)...
Paytm has reportedly received government approval to invest $6 million in its crucial payments subsidiary. That green light came from a government panel overseeing investments tied to China, allowing embattled Paytm to invest $6 million in Paytm Payment Services, Reuters reported Tuesday (July 7), citing sources with knowledge...
The State Bank of India reportedly launched a web-based invoice financing solution for microbusinesses and small- to medium-sized businesses (SMBs). The new MSME Sahaj solution allows the bank’s customers to access financing against their sales invoices in less than 15 minutes, from application to disbursement,...
January 09, 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 refining their instant payment systems to meet consumer needs. Some nations, led by central banks and government regulators, have established government-driven instant transaction protocols. Others […]
December 04, 2023
India, traditionally reliant on cash, embarked on a digital payments journey 15 years ago. The process was marked by key milestones like the introduction of the instant Unified Payments Interface...
August 18, 2023
Payments innovation and digital-first shopping in India is a success story 15 years in the making. Its success can serve as a global playbook for creating an inclusive payments, commerce...
April 04, 2023
Real-time payment systems have transformed how individuals and businesses transact and manage their money around the globe by allowing users to transfer funds instantly without needing physical cash or...
July 18, 2024
India-based mobile content startup Glance is reportedly looking to raise up to $250 million. This funding round would be led by existing investor Google, Bloomberg News reported Thursday (July 18), citing a source familiar with the matter. The round would let Glance — which makes curated screensavers that let users view things like news feeds without unlocking their smartphones — […]
July 14, 2024
India’s antitrust watchdog says Apple abused its dominant place in the app store market. That’s according to a report Friday (July 12) by Reuters, citing a confidential report by the...
July 11, 2024
Walmart-owned Indian eCommerce marketplace Flipkart added new ways for customers to pay bills and recharge payments while shopping on the platform. The company has added FASTag, direct-to-home recharges, landline, broadband...
July 09, 2024
Paytm has reportedly received government approval to invest $6 million in its crucial payments subsidiary. That green light came from a government panel overseeing investments tied to China, allowing embattled Paytm...
