Search Results for: credit cards with UPI

Fintech Stripe Supports AI and Stablecoin Transactions with Product Updates

Stripe announced new products designed to help businesses harness AI and stablecoins to accelerate their growth. Last year, businesses on Stripe processed “$1.4 trillion in total payment volume—up 38% from 2023 and equivalent to around 1.3% of global GDP.” In aggregate, the revenue that businesses… Read More

Global Payments Fintech Adyen Expands Payment Processing to India

Adyen (ADYEN:AMS), the global payments platform of choice for many of the world’s leading companies, today announced its expansion in India, following the grant of authorization from the Reserve Bank of India to operate as an Online Payment Aggregator in India for domestic and cross-border… Read More

Paytm Shares Crater as Reserve Bank of India Halts Deposits in Digital Wallet, New Accounts

Paytm, the operating name of One 97 Communications Limited (PAYTM.NS), shares cratered today as the Reserve Bank of India (RBI) decided to halt deposits in its digital wallet and accounts. Paytm describes itself as India’s most loved payments app. The company also operates Paytm Payments… Read More

Global API Provider Ivy Raises $20m to Unify Real-Time Payments Worldwide

Ivy, the company providing a global API for instant bank transfers, has successfully secured $20 million in a Series A investment round led by Valar Ventures. This development follows a $7.7 million seed round led by Creandum just a few months prior. “The rapid succession… Read More

Indian Fintech PhonePe Launches POS Solution for Merchant Partners

PhonePe announced the launch of its Point-of-sale (POS) device that enables merchants to accept payments via Debit Cards, Credit Cards and UPI, providing them with a simple and seamless settlement experience. The device comes preloaded “with the PhonePe POS App and supports transactions through tap/swipe/dip and… Read More

Indian Fintech Cashfree Payments Introduces CVV-Free Card Payment Options on Card Networks for Businesses

Cashfree Payments, India’s leading payments and API banking company, announced the launch of CVV-free card payments for partner businesses. CVV-free payments allow customers “to experience faster, smoother, and more convenient checkouts for saved(tokenized) cards on major networks such as Visa, Mastercard, and RuPay.” By eliminating… Read More

The Future of Payments Lies in Emerging Markets and Interoperability

Emerging markets have contributed almost two-thirds of global GDP growth over the past 15 years. So, it’s not surprising that businesses in established markets like the U.S. and U.K. are looking to expand their operations in these up-and-coming regions — whether it means working with… Read More

ICICI Bank Introduces India’s “First” Comprehensive Digital Ecosystem for MSMEs

ICICI Bank (BSE: ICICIBANK, NYSE:IBN) announced that it has introduced India’s “first” comprehensive digital ecosystem for all MSMEs in the country, “including customers of other banks.” The ecosystem “has three pillars: i) enhanced banking services for existing customers, ii) a bouquet of banking services to… Read More

IATA Pay Introduced in India with Assistance from Standard Chartered

Standard Chartered (LON: STAN) recently confirmed that it teamed up with the International Air Transport Association (IATA) to introduce IATA Pay in India. IATA Pay, which is available in several European markets, is an airline industry payment platform that provides optionality, convenience and an improved… Read More

Fintech Slice Finalizes First Employee Stock Option Plan (ESOP) Buyback valued at $8.6M

Indian Fintech Unicorn Slice has finalized its first employee stock option plan (ESOP) buyback valued at $8.6M. In November of last year, Slice achieved Unicorn status (valued at $1 billion or more) after securing $220 million via its Series B that was co-led by Tiger… Read More

QR Payments for Businesses in India have Become Popular, Expected to See Greater Adoption in 2022, Pine Labs Reveals

The team at Pine Labs, a digital payments firm that confidentially filed for a $500 million IPO at valuation of around $7 billion, notes that online payment methods in India have been “around for a while now and with their rising popularity, they are here… Read More

Indian Payments Fintech Paytm Explains How Merchants May Verify Payment Receipts with their SoundBox, and Business App

Indian payments Fintech Paytm says that one of things they are proud of is their 23 million merchant partners, who have chosen them for the “trusted” and secure payments experience. Paytm writes in a blog post that they’ve built their leadership in the peer-to-merchants space,… Read More

UnionPay International Introduces First Contactless Digital Wallet in Tajikistan

UnionPay International (UPI) reveals that it has teamed up with the International Bank of Tajikistan in order to introduce the nation’s first contactless digital wallet, notably making UnionPay the very first payment service to provide mobile contactless payment options in the country. The number of… Read More

Chris Gonsalves: Community Gaming CEO Reveals How They Worked on Adding Layer 2 Integrations Due to High Gas Fees on Ethereum MainNet

We recently caught up with Chris Gonsalves, CEO at Community Gaming, a platform that combines social gaming, match automation, and blockchain payment technology to make organizing and competing in esports tournaments simple. Chris talked about how Community Gaming allows players to earn crypto and USD… Read More

Pine Labs Raises More Money: $600 Million Funding Round

Pine Labs is raising more money, according to a statement from the firm. Pine Labs says that Fidelity Management & Research Company, funds managed by BlackRock, Ishana, Tree Line, and a fund advised by Neuberger Berman Investment Advisers LLC are all participating in the funding…. Read More

Crypto Platform Ramp Raises $10 Million from US investors NFX and Galaxy Digital

UK-based crypto platform Ramp has raised $10.1 million in funding from California-based venture firm NFX and financial services firm Galaxy Digital along with some Fintech and crypto entrepreneurs such as Coinbase’s CTO Balaji S Srinivasan. Mozilla, Seedcamp, firstminute capital, and Fabric Ventures also participated in… Read More

Indian Neobank Razorpay Provides Updates on Local and Global Digital Banking and Fintech Ecosystem

Indian neobank Razorpay points out that it seems like banks have been “around forever.” In India, for example, the history of banking “dates way back to 1750 BC,” the company reveals. It also mentions that we’ve traditionally or historically been dependent on banking institutions for… Read More

U.S. Payments Platform Plastiq Announces Partnership With Corporate Card Provider Ramp

  Plastiq, a U.S.-based intelligent payments solution for small businesses, announced on Thursday it has formed a partnership with corporate card provider Ramp to help businesses pay for virtually any expense with the Ramp card. Plastiq reported that through the partnership, customers may now track, manage,… Read More

How New P2P Regulations Make the Industry Safer for Investors in Southeast Asia

Digital lending platforms have made strong inroads in Southeast Asia over the past few years. In 2016 alone, peer-to-peer (P2P) business lending generated US$115.01 million—more than half of Southeast Asia’s total alternative financing market that year.  This growth can be attributed to a combination of… Read More

Plastiq Teams Up With Tipalti to Increase Working Capital & Automate Bill Pay for Commercial Businesses

Plastiq, a U.S.-based intelligent payments solution for small businesses, announced on Wednesday it has teamed up with global payables automation platform Tipalti to enable commercial businesses to use their corporate credit cards to pay suppliers, even if the suppliers don’t accept credit cards. According to… Read More

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