Page 40 - Ajinkya Kawale

UPI credit line: NPCI may go easy on interchange fee for transactions

Could be kept at 1-1.2% in a bid to push adoption

RBI cancels Acemoney (India's) NBFC licence citing violation of guidelines

The development follows a series of actions on other players in the industry on account of non-compliance

PayU invests $5 million in cross-border payments start-up BRISKPE

BRISKPE will use the funding to improve its product and service offerings, expand its team, and scale its services

RBI proposes 'digital-view' of loans to ensure transparency to borrowers

A digital view will provide a host of details to ensure that customers have prior information about potential lenders to make an informed decision on a loan product

CRED to roll out payment checkout terminals to merchants this year

The devices will be interoperable and UPI users can pay through the checkout terminals using any application

Fintech players likely to request RBI for a simpler merchant KYC process

It has proposed that payment aggregators will be required to undertake Contact Point Verification (CPV) of entities which involves physical verification of customers

RBI directs Talkcharge to stop PPI, wallet issuance; refund balances

The fintech firm offers services such as cashbacks, coupons, and wallets to customers

Paytm Payments Bank's Mukund Barsagade joins Lendingkart as Group CFO

Mukund Barsagade has previously worked with organisations such as GE Capital, Experian, Transamerica, Utkarsh Small Finance Bank, and Fino Payments Bank in various finance leadership roles

PayU gets RBI's in-principle approval to operate as payment aggregator

The company said it can start onboarding new merchants on its platform with the in-principle approval

Razorpay forays into UPI infrastructure space, offers UPI Switch

Razorpay plans to offer the service to more banks in the future, the company's chief executive officer (CEO), Harshil Mathur said

Fintech major BharatPe launches an 'all-in-one' payment acceptance device

The device enables transactions via different methods such as point-of-sale (PoS), quick response (QR) code, tap-and-pay and traditional card payment options such as debit and credit cards

'In a first', RBI asks fintech to track suspicious transactions in polls

Payment companies were not regulated during in 2019 election season, says senior industry executive

Paytm completes merchant migration to YES Bank: Vijay Shekhar Sharma

NPCI notified in March that YES Bank would act as merchant acquiring bank for existing and new UPI merchants for OCL

Passenger footfall at Mumbai airport rises 16% to 52.8 million in FY24

The airport saw 26 million passengers on arrivals and 26.7 million on departures in FY24

Pine Labs' Setu names former SAP India executive Raisinghani as its CEO

He will work closely with Setu's co-founder Nikhil Kumar, the company said in a release

NPCI to review by end of year decision on 30% UPI market share cap

December 2024 deadline for implement market cap remains unchanged, say sources

On Vande Bharat, Haridwar AC Express: Mandir signals green, jobs hit red

From Dehradun to Delhi, Haridwar to Mumbai, Ajinkya Kawale gets inside track on voter sentiment on board the Vande Bharat and Haridwar AC Express

Klub and U GRO Capital sign partnership to disburse Rs 150 crore

The allocated fund of Rs 150 crore will facilitate lending activities across the country while offering debt financing of up to Rs 30 crore in a single tranche through Klub's platform

RBI mandates offline payment aggregators to verify KYC for merchants

Payment aggregators will need to conduct Contact Point Verification and verify the bank account where funds of small merchants are settled

NPCI allows Paytm to start migration of users to PSP bank handles

UPI users with the @Paytm UPI handle can now create new virtual payment addresses or VPAs with partner PSP banks