Payment companies seek better MDR deal
Volume of transactions on mobile wallets down to 334 million in June against 393 million in December, according to latest RBI data.
Digital payment companies seek compensation from govt for losses due to zero merchant fee
In letters to finmin, MeitY and RBI, industry body ...
Who will foot bill of digital pay, industry wants to know
One of the major industry segments that could get affected by the move is companies...
RBI's vision document on payment systems to spur digital economy: Fintech firms
COO of Payworld Praveen Dhabhai said the vision document has a focus on empowering payment system providers and at the same time providing ease to consumers.
Nasscom, Fintech want crypto in RBI’s sandbox
Nasscom says other countries permit it in their regulatory sandbox; says inclusion could help RBI develop a better understanding of the risks.
Non-banking companies using UPI to get a Payments Council seat
The main challenge for the subcommittee, the executive said, would be to resolve operational issues which are currently plaguing the instant fund settlement platform.
Challenging times ahead for digital payment companies: Kunal Shah, Freecharge
Superapps which offer multiple set of services will become popular because people tend to follow known brands
UPI is stealing a march over mobile wallets now
A large chunk of P2P remittance payments that were happening through digital wallets is moving to UPI, said Naveen Surya, chairman emeritus of industry body Payments Council of India.
Payment Council to reach out to small fin banks for digital push
PCI, at a closed door meeting of its members on Friday, has also constituted new committees.
PCI appoints new chairman Vishwas Patel & co-chairman Loney Antony
Vishwas has been associated with PCI ever since its inception in 2013 and was serving as its Co-Chairman of Payments Council of India.
RBI’s call for digital payment ideas kindles hope for aspirants
As per latest data shared by the RBI, only 14% of digital transactions in the country happen outside the banking ecosystem through prepaid payment instruments or PPIs.
We hope to cross the 100-million user mark on UPI over next 2 years: NPCI CEO
While on one hand, NPCI is on mission mode to take India towards a less-cash society, on the other, it has to manage the multiple stakeholders of the entire process.
Lower MDR cap likely to hit e-payments business: Payments Council
The Council has also suggested equal sharing of charges between the acquiring bank and the issuing bank which currently is skewed towards the issuing bank.
Fresh MDR charges not viable for the payments industry, says Payments Council
The Council has also suggested equal sharing of charges between the acquiring bank and the issuing bank which presently is lopsided towards the issuing bank.
Customers threaten to dump e-wallets as KYC norms kick in
Industry executives estimate that at least 8 out of every 10 customers using mobile wallets in the country have not completed KYC requirements.
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