Paytm Launches 4G Soundbox Payment Device
Paytm Soundbox audio confirmation solution now comes in 4G to boost the payment acceptance experience for merchants in India
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India’s Central Bank Abandons UPI Rival Project
The UPI-alternative project that had attracted interest from major tech and finance industry players, including Amazon, Reliance, Facebook, Tata Group, Google, HDFC, and ICICI, is winding up
Apple to Open Its First Retail Store in India
Apple is currently preparing to open its first retail store in India.
India Government-Backed Open E-Commerce Network Expands to Mobility
The Open Network for Digital Commerce, an initiative supported by the Government of India, has begun to show interest in a new field of activity.
UAE and India to Test Cross-Border CBDC Use
The Central Bank of the UAE and the Reserve Bank of India have agreed to jointly explore innovation in financial products and services, especially Central Bank Digital Currencies (CBDC)
Worldline Launches Voice Alert Box to Boost Financial Inclusion in India
Payment service provider Worldline introduced VABOX – Voice Alert Box, which provides instant payment confirmation, overcoming challenges of visual impairment and encouraging inclusivity
Walmart Invests $200 Million in PhonePe
PhonePe, India’s largest mobile payment services company, has raised another $200 million in an ongoing funding round.
RBI Fines Amazon Pay
The Central Bank of India has taken action in the form of a fine against the Indian division of Amazon Pay.
PayU Launches 3DS2 SDK for Indian E-Commerce
Indian payment aggregator PayU to offer 3DS2 software development kit (SDK) for all domestic and international transactions to resolve the issues of transaction security and speed
Indian Fintech CRED Adds New Offerings
CRED introduces the Buy Now, Pay Later service and the one-touch payment feature.
DBS Bank India to Enhance Financial Solutions for MSMEs
DBS Bank India partnered with the eSamudaay network to offer better cash management solutions to MSMEs which conduct business through Open Network for Digital Commerce (ONDC)
Agri-Fintech: What It Is and Why It’s on the Rise
Last year brought a steady rise in socially responsible fintech products that are specifically designed for the needs of the agricultural sector. Agri-fintech is a very promising segment of financial technologies, so we’re going to discuss it in detail
Amazon and Google Get Payments Clearance in India
Google and Amazon have received permission to expand the scope of their online payment systems in India.
India & Singapore to Officially Link Payment Systems
Central bank institutions of Singapore and India will link their real-time payment systems next week to enhance cross-border payment connectivity
India’s Retail Giant Trials CBDC
Reliance Retail – India’s largest retailer – takes part in the large-scale trial of digital rupee CBDC. The network will start accepting the new payment instrument at its Freshpik store
BharatX Partners Snitch for BNPL Services
The partnership allowed Indian clothing brand Snitch to enable the white-label BNPL option provided by BharatX on its checkout page
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