Fintech major Paytm on Tuesday said it disbursed $667 million (Rs. 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments in August. The Vijay Shekhar Sharma-led fintech platform said in a regulatory filing that on an average 9.4 crore users transacted through Paytm monthly during…
India has maintained a rather sceptic stance towards accepting cryptocurrencies as part of its financial systems, but is keeping an open approach towards exploring blockchain technology. The National Payments Corporation of India (NPCI), on August 29, announced the launch of Falcon — an open-source project that aims to simplify the…
Prime Minister Narendra Modi on Thursday said that India and France have agreed to use Unified Payments Interface (UPI) in this European nation, opening a huge new market for Indian innovation.Addressing the Indian community at the La Seine Musicale, a performing arts centre on an island in river Seine, Modi…
Tapping into the growing popularity of Unified Payments Interface (UPI), Google Pay in conjunction with the National Payments Corporation of India (NPCI) on Tuesday announced the capability for users to make UPI payments with RuPay credit cards. With this development, users can link their RuPay credit cards with Google Pay…
The National Payments Corporation of India (NPCI) on Monday said RuPay has now introduced the CVV (Card Verification Value) free payment experience for its debit, credit and prepaid cardholders who have tokenized their cards on the merchant application or webpage. This new CVV-less experience ensures that the cardholder will not…
The Reserve Bank of India (RBI) has enabled the Bharat Bill Payment System (BBPS) to process cross-border inbound payments for the non-resident Indians (NRIs). After the enabling of the inbound payment process, the NRIs no longer need to send money to the India-based accounts of their family members to pay…
With cash usage continuing to remain high despite a jump in online payments, a top NPCI official on Friday said currency in circulation will reduce only when a third of the population starts using digital payment alternatives. National Payments Corporation of India (NPCI) Managing Director and Chief Executive Officer Dilip…
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