In a significant move to enhance the convenience and security of digital payments, Mastercard has announced a strategic partnership with boAt, a prominent player in the Indian wearables market. This collaboration will bring the tap-and-pay functionality to boAt’s payment-enabled smartwatches, allowing users to conduct secure transactions directly from their wrists.
Key Features of the…
At the Global Fintech Festival 2024 in Mumbai on August 28, RBI Governor Shaktikanta Das introduced two groundbreaking digital payment initiatives from the National Payments Corporation of India (NPCI): Bharat BillPay (BBPS) for Business and UPI Circle. These initiatives aim to enhance the inclusivity, security, and efficiency of India’s digital payments ecosystem.
Bharat BillPay for…
PayMate, a leading digital B2B payments company in India, has announced a strategic partnership with NPCI Bharat BillPay Ltd. (NBBL) to introduce the PayMate BBPS-B2B platform. This cutting-edge platform aims to overhaul the commercial payment landscape in India by enhancing the efficiency of invoicing, payments, and collections, and fostering a seamless, interoperable ecosystem between buyers and…
In a bold expansion into the financial technology sector, Zoho Corporation has announced the launch of Zoho Payments, a new solution tailored to enhance business-to-business (B2B) transactions. The company, known for its suite of software as a service (SaaS) products, aims to streamline payment processes for businesses by integrating this new offering with its existing financial and operational…
Plutos ONE, a prominent Delhi-based technical service provider for the Bharat Bill Payments System (BBPS), has successfully raised $2 million in a seed funding round led by StartupXseed. The funding round also attracted investment from Genesia Ventures, Auxano Capital, Raghuvanshi Investments, and several other notable investors.
This latest round of funding follows an earlier angel investment…
In a bid to enhance the payment experience for merchants and consumers alike, Pine Labs, a leading player in the digital payments space, has introduced the Pine Labs Mini. This new point-of-sale (PoS) device is designed to bridge the gap between QR code and card payments, offering a versatile and cost-effective solution for modern transactions.
The Pine Labs Mini stands out in the crowded PoS…
Fintech leader BharatPe has announced the launch of BharatPe One, a revolutionary all-in-one payment acceptance device designed to cater to the diverse needs of offline merchants. This latest offering integrates multiple payment functionalities into a single device, promising to enhance the payment experience for small and medium-sized businesses.
Introducing BharatPe One
The BharatPe One device…
PhonePe Unveils ‘Credit Line on UPI’ Feature, Enabling Short-Term Credit for Merchant Transactions
PhonePe, a leading digital payments platform, has launched a groundbreaking feature called ‘Credit Line on UPI,’ expanding the capabilities of the Unified Payments Interface (UPI) to include short-term credit options for both consumers and merchants. This innovation follows the Reserve Bank…
Sachin Bansal’s fintech company, Navi, has experienced remarkable growth on the Unified Payments Interface (UPI) platform, nearly doubling its transaction volume in July. Data from the National Payments Corporation of India (NPCI) shows Navi processed 68.5 million transactions in July, a significant increase from 35.7 million in June and just 3 million in March, marking a 22-fold growth in four…
