Paytm Signs MoU With Arunachal Pradesh to Create Startup Ecosystem

Paytm Signs MoU With Arunachal Pradesh to Create Startup Ecosystem

Paytm Payment Services Limited (PPSL) on Thursday signed an MoU with ArunachalPradesh Innovation and Investment Park (APIIP) to create a startup ecosystem for the youth in the northeastern state, officials said.  According to the MoU, Paytm Incubation Centre will provide its product to early-stage startups at a discounted price and offer free credits through the Paytm Startup toolkit to aid the business ventures of youths in…

India, New Zealand to Increase Cooperation for Facilitation of UPI System

India, New Zealand to Increase Cooperation for Facilitation of UPI System

India and New Zealand on Thursday decided to increase cooperation in areas such as facilitation of UPI system, timely resolution of trade issues, work visa, and improving the banking relations. Looking at the present quantum of bilateral trade between the two countries, both sides acknowledged the huge potential and the…

Existing UPI QR Codes Could Begin Processing Transactions in eRupee CBDC: RBI’s T Rabi Sankar

Existing UPI QR Codes Could Begin Processing Transactions in eRupee CBDC: RBI’s T Rabi Sankar

India is planning to introducing its own blockchain-based eRupee CBDC for commercial use. The country is mulling more ways to make this process simple for adoption. On Thursday, May 8, RBI Deputy Governor T Rabi Sankar hinted that existing UPI QR codes could become interoperable with the Indian CBDC in…

Google Pay Rolls Out UPI Payments Support for RuPay Card Holders of These Banks: Details

Google Pay Rolls Out UPI Payments Support for RuPay Card Holders of These Banks: Details

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…

Japan Explores Ways to Join India’s UPI Payment System

Japan Explores Ways to Join India’s UPI Payment System

Japan is mulling to join India’s UPI payment system and promote cooperation on the digital identity system, an official statement said on Friday. Bhutan, Nepal, Singapore and UAE have already started accepting Unified Payment Interface (UPI) payment systems. “Almost every global forum, whether G20, SCO (Shanghai Cooperation Organisation) or G7, wherever…

India Being Urged to Restore UPI Access for Users of Crypto Exchanges: Report

India Being Urged to Restore UPI Access for Users of Crypto Exchanges: Report

India is reportedly reconsidering to let crypto investors use Unified Payments Interface (UPI) to purchase digital assets like cryptocurrencies and non-fungible tokens (NFTs). The financial authorities of India have received multiple proposals, urging them to allow the integration of UPI for crypto transactions. These proposals have been sent by crypto…

PhonePe Raises $100 Million From General Atlantic, Investors During Ongoing Fundraise

PhonePe Raises $100 Million From General Atlantic, Investors During Ongoing Fundraise

Walmart-owned Indian payments firm PhonePe on Wednesday said it had raised an additional $100 million (roughly Rs. 820 crores) from General Atlantic and other investors as part of its ongoing $1 billion (roughly Rs. 82,063 crores) fundraising to expand into the lucrative lending space. With the latest round, PhonePe, India’s…