RBI to set up central fraud registry for digital payments

Payal Ganguly

Digital payments service providers will now have to report payment frauds to a Central Payment Fraud Registry to be set up by ....

8 August, 2019

WhatsApp global chief to push for payment products during India visit

Payal Ganguly

Will Cathcart, global chief of social messaging platform WhatsApp, will push for the launch of WhatsApp Pay during his meeting ....

23 July, 2019
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Payments data processed abroad must be stored in India: RBI

Payal Ganguly

The Reserve Bank of India (RBI) on Wednesday said that all data related to payments must be stored only in India and data processed ....

26 June, 2019

Policy Wrap: Small biz can board UPI as individuals; two firms certified for drone software

Payal Ganguly

This week, the retail payments body on Monday said that small merchants can board the Unified Payments Interface (UPI) as individuals ....

21 June, 2019

Airtel Payments Bank enables UPI-based payments at merchant locations

Om Athavale

Airtel Payments Bank said on Tuesday it has enabled Unified Payments Interface-based payments at more than 500,000 merchant points ....

4 June, 2019

Nilekani-led panel suggests measures to grow digital transactions tenfold by 2021

Payal Ganguly

A five-member committee headed by former Unique Identification Authority of India (UIDAI) chairman Nandan Nilekani has envisioned ....

4 June, 2019
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UPI transaction volume drops in May but total value climbs

Payal Ganguly

The number of transactions based on the Unified Payment Interface (UPI) declined for the second month in a row but the value of ....

3 June, 2019

Amazon Pay diversifies UPI offerings by foraying into P2P transactions

Kavya Kothiyal

Amazon Pay India Pvt. Ltd, the local digital payments arm of global e-commerce major Amazon Inc, on Monday announced the launch ....

29 April, 2019

RBI allows banks to use debit cards, net banking for auto-debit

Payal Ganguly

The central bank has okayed the use of debit cards and net banking for auto-debiting of amounts towards recurring payments, said ....

26 April, 2019

NPCI wants to develop a blockchain-based solution for digital payments

Vignesh Ananthraj

The National Payments Corporation of India (NPCI) has sought proposals from third parties in its quest to develop a blockchain-based ....

16 April, 2019
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WhatsApp’s much-delayed payments service may take another five months to roll out

Vijayakumar Pitchiah

Instant messaging platform WhatsApp may take another five months to fully comply with payment data-localisation norms, persons ....

12 April, 2019

Visa, Mastercard welcome RBI’s intent on democratising retail payments

Payal Ganguly

Global payment technology giants Visa and Mastercard have said that the Reserve Bank of India’s intent to open up the retail ....

4 April, 2019

Retail payments body reduces charges on small UPI transactions

Payal Ganguly

Retail payments body National Payments Corporation of India has reduced charges on transactions up to Rs 1,000 on state-backed ....

2 April, 2019

RuPay Global Card consumers cross 64 million mark

Vijayakumar Pitchiah

National Payments Corporation of India (NPCI) said it has racked up 64 million RuPay Global Card consumers ever since it started ....

7 March, 2019

NPCI appoints former Kotak and HDFC Bank execs to C-suite positions

Payal Ganguly

The National Payments Corporation India (NPCI) has appointed Praveena Rai, former head of cash management at Kotak Mahindra Bank, ....

22 February, 2019

BharatPe in talks to raise fresh capital from Sequoia: Report

Kavya Kothiyal

Payments firm BharatPe, which services offline retailers and businesses, is in talks to close $17 million (Rs 122 crore at current ....

21 February, 2019

UPI transactions in January set new record, BHIM transactions fall to 9-month low

Binu Paul

Even as the volume and value of Unified Payments Interface (UPI) transactions continued to scale new heights, transaction volumes ....

6 February, 2019

SBI leak exposes account data of millions of customers: Report

Anand J

Public sector lender the State Bank of India has secured a leak that exposed account data of millions of customers, a news report ....

31 January, 2019

RBI brings out policy paper to encourage new payment system operators

Payal Ganguly

In a bid to encourage competition among payment platforms and reduce the risk of concentration among a few players, the Reserve ....

22 January, 2019

Reliance Jio deepens fintech play with PoS devices for merchants: Report

Binu Paul

Mukesh Ambani-owned Reliance Jio has reportedly expanded its presence in the fintech space by launching point-of-sale services ....

11 January, 2019

PayPal India posts 12 times increase in revenue for FY18, loss up a bit

Dearton Thomas Hector

PayPal Payments Pvt. Ltd, the Indian arm of US-based digital payments company PayPal Holdings Inc., posted a little over 12 times ....

3 January, 2019