Capital Float’s funding talks with PayU got stuck due to doubts about its asset quality.
The government, which launched the card first with domestic card scheme RuPay, has allowed other global schemes to get on board the platform.
It is also planning to apply for its own lending licence to lend to merchants who are accepting payments through BharatPe QR codes.
RBI numbers for March 2019 shows ATM withdrawals growing at a slower pace of 15%
Private entities and wider push for e-mandates will open new business avenues.
Access to Aadhaar database will be a boon for mobile wallets and digital lenders.
Banks were allocated targets of 20 lakh physical and mobile PoS deployment in FY19 but achieved only 44% of the target by the end of January.
Funding taps are now open for a host of ventures from banking to used car sales and supply chain management firms
Sales take off as startups promote digital gold as an easy investment option
A consumer paying through Google Pay currently has to use UPI, which is connected to a specific bank account.
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