PhonePe announced the launch of Credit Line on UPI on its platform. Consumers who avail credit lines from their banks “can now link these credit lines to UPI on PhonePe and seamlessly make merchant payments.” This feature enables consumers to “make purchases with ease across millions… Read More
Read more in: Asia, Fintech | Tagged fintech adoption, india, PhonePe, upi
Setu, a Pine Labs company, in partnership with Axis Bank, launched UPISetu, India’s UPI-focused payments platform for businesses and developers. NPCI’s UPI has seen a rise in India “with Person-to-Merchant (P2M) transactions alone witnessing a phenomenal rise of 241% from 2.56 billion transactions in June… Read More
Read more in: Asia, Fintech | Tagged axis bank, india, payments, setu, upi
NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) have announced a partnership to enable the deployment of a UPI-like real-time payments system in Peru. This collaboration marks a significant milestone, “making Peru the first country in South America to adopt… Read More
Read more in: Fintech, Global | Tagged international payments, NPCI, peru, upi
PhonePe announced that it has partnered with e-Sewa and the Hotel Association of Nepal (HAN) Pokhara to popularize UPI on the Fonepay Network, as a part of the Fewa New Year Festival which will be held from April 11-14th. The New Year festival is not… Read More
Read more in: Asia, Fintech | Tagged nepal, payments, PhonePe, upi
PhonePe App users traveling to the UAE can now make payments using UPI at Mashreq’s NEOPAY terminals, available across a wide array of retail stores, dining outlets, as well as tourist and leisure attractions. They simply need to “scan the QR code for seamless and… Read More
Read more in: Asia, Fintech | Tagged digital payments, india, phonpe, uae, upi
Akash Sinha, CEO & Co-Founder, Cashfree Payments, has shared key insights with CI that are focused around UPI, digital payments and the overall Fintech space. Akash Sinha from Cashfree Payments notes that even with global economic uncertainty, the fintech sector in India has “continued to… Read More
Read more in: Asia, Fintech, Opinion, Regtech & Legaltech | Tagged akash sinha, cashfree payments, fintech adoption, fintech trends, india, perspective, upi
UnionPay International (UPI) and Payments Network Malaysia Sdn Bhd, or PayNet, Malaysia’s national payments network jointly signed an agreement in Shanghai in order to support “the cross-border QR code linkage and enable the full acceptance of the UnionPay App (Chinese-mainland, Hong Kong and Macao versions)… Read More
Read more in: Asia, Fintech | Tagged banking, Cross-Border Transactions, digital payments, financial services, fintech apps, hong kong, macao, mainland china, malaysia, Payments Network Malaysia, paynet, qr code payments, southeast asia, unionpay, unionpay international, upi
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
Read more in: Fintech, Asia | Tagged credit cards, debit cards, digital financial services, financial services, fintech adoption, fintech trends, india, payment acceptance, PhonePe, point-of-sale, pos, settlement, upi, vivek lohcheb
Alchemy Pay now supports India’s UPI domestic transfer payments for crypto purchases in India. By enabling users to pay by Unified Payments Interface, India’s domestic transfer system, it is possible for Indian bank account holders “to buy and sell cryptocurrency with the Indian rupee.” As a… Read More
Read more in: Asia, Blockchain & Digital Assets, Fintech | Tagged alchemy, alchemy pay, Crypto Adoption, Crypto Transactions, digital transactions, india, payments, unified payments interface, upi, virtual payments
PPRO, the digital payments infrastructure provider, has signed a strategic agreement with NPCI International Payments Limited (NIPL) in order “to offer global partners access to Unified Payments Interface (UPI), India’s fastest-growing, real-time payment system, for cross-border transactions.” This latest agreement, “supported by a new framework… Read More
Read more in: Asia, Fintech | Tagged Cross-Border Transactions, digital payments, infrastructure, nipl, NPCI, npci international payments limited, PPRO, real-time payments, ritesh shukla, simon black, unified payments interface, upi
Pine Labs, a merchant commerce omnichannel platform and Thomas Cook (India) Limited, India’s foreign exchange service provider, have partnered with National Payments Corporation of India (NPCI), in “a pioneering initiative to ensure safe, seamless, convenient merchant payments via UPI for foreign nationals from G20 countries.”… Read More
Read more in: Asia, Fintech | Tagged b. amrish rau, g20, merchant commerce, merchant payments, National Payments Corporation of India, NPCI, omnichannel platform, payments, pine labs, praveena rai, thomas cook, upi
The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) launched the linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI). This will “enable customers of participating financial institutions in Singapore and India [1] to send and receive funds between bank… Read More
Read more in: Asia, Fintech | Tagged financial services, india, mas, monetary authority of singapore, paynow, rbi, reserve bank of india, singapore, southeast asia, unified payments interface, upi
What was once an innovation is today “a way of life” for millions of consumers in India. Over the last two and a half years, transactions on the UPI network have “grown by a factor of 6 as digital payments have exploded in India,” according… Read More
Read more in: Asia, Fintech | Tagged credit cards, digital financial services, digital payments, digital transactions, financial services, fintech adoption, fintech trends, india, innovation, Payment Cards, payments, razorpay, upi
NPCI International Payments Limited (NIPL), a wholly-owned subsidiary of National Payments Corporation of India (NPCI), the organization behind the largest real-time payment solution, the Unified Payments Interface (UPI) and the RuPay card Scheme, has “signed an MoU confirming a partnership with the payments solutions provider… Read More
Read more in: Asia, Fintech, Global | Tagged europe, india, MOU, National Payments Corporation of India, nipl, NPCI, npci international payments limited, payments, real-time payments, uk, unified payments interface, united kingdom, upi
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
Read more in: Asia, Fintech | Tagged airline industry, digital transactions, digitalization, europe, iata, india, international air transport association, payments, philip panaino, standard chartered, upi
UnionPay International (UPI) has introduced its SoftPOS (Point-of-Sale) solution for the first time using a payment tech that’s powered by SoftPOS provider, Soft Space. The SoftPOS solution will reportedly be launched in Malaysia and it’s expected to create various market opportunities for UPI to expand… Read More
Read more in: Asia, Fintech | Tagged contactless payments, financial services, joel tay, malaysia, payments, point-of-sale, soft space, softpos, southeast asia, unionpay, unionpay international, upi
Unified Payment Interface, the easier way to transfer money from one bank in India to another, requires people to successfully complete the process of UPI registration. In order to do this, consumers need to create a unique UPI ID on any mobile payments app, like… Read More
Read more in: Asia, Fintech | Tagged digital payments, digital transactions, fintech app, india, online payments, payments, paytm, unified payment interface, upi, virtual payments
NPCI International Payments Ltd (NIPL), the global division of the National Payment Corporation of India, has teamed up with Liquid Group Pte. Ltd., a cross border payments provider, in order to support UPI QR-enabled payments acceptance in 10 different markets across North Asia and Southeast… Read More
Read more in: Asia, Fintech | Tagged apac, apac region, asia pacific region, cross-border payments, digital payments, digital transactions, india, international payments, national payment corporation of india, NPCI, payments, qr codes, ritesh shukla, singapore, southeast asia, unified payment interface, upi
Indian digital payments giant Paytm recently confirmed that its pleased to share that Paytm Payments Bank Ltd (PPBL) has been given approval for its @Paytm UPI handle from the Securities and Exchange Board of India (SEBI) to “enable fast and seamless payment mandates for IPO… Read More
Read more in: Asia, Fintech | Tagged banking, digital payments, fintech adoption, india, initial public offering, ipos, online payments, payments, paytm, sebi, securities and exchange board india, upi, virtual payments
A third or around 33% of households in India are now using digital payments, with usage being evenly spread across different income groups, according to a survey performed by the National Payments Corporation of India (NPCI) and People Research on India’s Consumer Economy (Price). The… Read More
Read more in: Asia, Fintech | Tagged digital payments, fintech adoption, fintech apps, india, NPCI, praveena rai, survey, unified payment interface, upi, virtual payments
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