Page 3 - Payments App

RBI clears payment aggregator licence for Razorpay, PineLabs & Stripe

Payment aggregators enable e-commerce sites and merchants to accept payment instruments from customers without the need for merchants to create their own payment integration system

TCS to take decade-long relationship with SBI Cards to a new level

The tech firm will expand the next leg of digital transformation at SBI Cards

Data breach: Business models of payment platforms under RBI scrutiny

Seeks info on lending ops after cases of data breach

BharatPe to share equity worth $100 mn with merchants on its platform

The fintech unicorn said it is aiming for the merchant shareholding pool to be worth about $1 bn by the time it goes public

Amazon infuses Rs 1,000 crore into India payments unit

Amazon has been pumping in millions of dollars across various operations like marketplace, wholesale and payments business

Paytm Money launches wealth, investment marketplace on its platform

Paytm Money, is launching a wealth and investment advisory marketplace on its platform to offer curated advisory services and products to retail investors.

Amazon Pay set to offer deposit booking, even as Google Pay under RBI watch

Amazon Pay India, the American e-commerce major's payments app, is also set to offer deposit booking services for its customers

Newsmakers: Meet BillDesk founders MN Srinivasu, A Kaushal & K Ganapathy

In a span of a day M N Srinivasu (Vasu), Ajay Kaushal and Karthik Ganapathy have become the latest demi-gods of Indian entrepreneurial story

South Korea's parliament passes key law to curb Apple, Google duopoly

The Bill bans major app store operators from forcing software developers to use their payment systems

Prosus buys Indian payments company Billdesk for $4.7 billion

Technology investor Prosus NV purchases 100% of the equity in Indian payments platform Billdesk for $4.7 billion.

New South Korea law likely to test Apple, Google duopoly: Report

The Telecommunications Business Act would mandate giving users a free choice of app payment providers

Paytm, HDFC Bank tie up to develop payment products for new online ventures

While HDFC Bank will drive merchant partnerships to whom Paytm will offer its existing Android PoS devices, the two will also jointly launch a co-branded retail PoS product

Digital payments continue to grow; significant growth in tier II, III towns

Digital transactions have continued to grow at a strong pace in the country with increasing acceptance in tier II and III towns, a report by fintech firm Razorpay said

Nexus could be banking's next big thing, inspired by Indian payments system

Nexus will be like a world wide web of payments, a set of rules any country can adopt.

Y Combinator-backed Cashfree eyes global markets, fintech acquisition

It is expecting international revenue to make up 30 per cent of its total revenue in the next three years

3.5 million MobiKwik users' data up for sale, company denies claim

The leak was first reported in February by security researcher Rajshekhar Rajaharia, which the company had denied at the time

NPCI apologises to investors, starts exclusive clearing system for MFs

Last week, several MF investors had faced glitches in payments via UPI, which NPCI attributed to 'migration of systems'

Online retail majors focus on sprawling small retailer base to boost reach

Small retailers are chary about integrating digitally with larger players on grounds that it will give them access to their customer bases

RBI panel recommends banking overhaul: Relaxation for SFBs, payments banks

Payments banks can convert into SFBs with 3 years' experience instead of 5, recommends RBI panel

Hard for Visa, MasterCard to challenge FM Sitharaman's RuPay push

Though difficult to compete with RuPay, these firms can remain relevant in India's hugely underpenetrated market, say experts