Stripe enables small merchants to sell their products online and accept card payments. They allow transactions in more than 135 currencies, accepts all major card schemes like Visa, Mastercard, Discover and American Express.
Tez, which had initially picked up strongly through peer-to-peer transactions is now slowly getting adopted for various other use cases as well.
Paytm has partnered with a lot of major city bus services and so has MobiKwik, allying with entities such as Mumbai Metro, Gujarat State Road Transport and Uttar Pradesh Transport.
Flexiloans intends to scale up operations to 500 locations across the country from around 175 it is currently active in.
ATMs deployed by foreign banks reveal a fall of almost 18 per cent in 3 years
As of now, MDR share is higher for the issuing entity while acquiring co gets a much smaller share.
As part of investment, Facebook cofounder Eduardo Saverin will join the company’s board
Prepaid payment instruments or wallets have recorded 91.2 mn transactions for the month of Nov against 96.2 mn in the previous month, a drop of 5%. Card payments have also seen a slight fall of 5%.
The newly launched payments bank has partnered with NPCI and NHAI to facilitate digital toll collections.
Further, November saw the entry of players like PayPal into the domestic payments scene and also Paytm going live on UPI.
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