UNIFIED PAYMENTS INTERFACE
Rivals slam PhonePe’s ATM business
Sources close to PhonePe added it is not considering stopping its ATM service, which was highlighted as “revolutionary” by Walmart’s international CEO and president Judith McKenna.
Umang app review: Provides access to nearly 600 e-governance services
The app is available in 12 languages.
‘UPI Chalega’ campaign to cast the net wider
The UPI, which is a real time fund transfer interface, has significantly scaled since its launch...
Top IT trends to embark on a decade of openness and collaboration
As we enter the new decade, the question really is how businesses adopt new capabilities that will help them be agile, customer centric, innovative and cost sensitive at the same time.
E-pay platform NPCI to face competition
In India, currently, the NPCI is the only entity that provides an ecosystem for payments.
ICICI Bank launches ICICI Appathon – API Banking for startups
Participants need to envision innovative solutions around diverse set of APIs in categories like lending, payments, retail & corporate banking, trade among others.
Uber to build 100-member global fintech team in Hyderabad
The Hyderabad-based team will work on global features and improvements, including real-time earnings, updated debit accounts and debit cards for drivers, along with a wallet and credit card offering for riders.
RBI proposes self-regulatory body for digital payment system
The move can be seen to improve the security of digital transactions and prices and charges paid by the consumer to access the digital payment methods.
Payment firms seek action against lax lenders, telcos
Payment companies are seeking regulatory intervention against alleged inefficiency at banks.
Think tank urges SC to stop trial of WhatsApp Pay
WhatsApp Pay has been running a pilot with 1 million users for nearly two years. It has yet to receive permission to do a full rollout with all its 400 million Indian users because it has not yet completed storing all data within the country’s borders. CASC said that, according to RBI’s affidavit to Supreme Court in November, WhatsApp had not yet fully complied with the rules.
Google Pay India learnings will be taken to global markets: Alphabet CEO Sundar Pichai
“We've had a lot of traction with our payments product over the past 18 months. We had a tremendously successful launch in India from which we learned a lot of features, and we are bringing that and we are revamping our payments products globally,” said Pichai speaking to analysts after the company’s fourth quarter earnings.
Truecaller may have finally found a plan to make some moolah
Truecaller is now launching a new business vertical, aimed at turning the revenue tide — credit offerings.
Nandan Nilekani says MDR would have trended to zero even without government
MDR is a fee that is levied by banks on merchants for the payment infrastructure that is provided.
Yap mops up Rs 10 crore in angel funding
Among others who participated in the startup’s maiden funding round are Vikram Chachra, founding partner of early-stage venture capital firm 8i Ventures, Abhishant Pant, founder of The FinTech MeetUp and Peifu Hsieh, cofounder of fintech startup Karbon.
Mark Zuckerberg says WhatsApp Pay in 6 months
FB looks to roll out payments in many countries even as licence application remains stuck in India.
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