Paytm Appoints Rajeev Agarwal as Non-Executive Independent Director Paytm, the leading digital payments platform in India, has recently announced the appointment of Rajeev Agarwal as a non-executive independent director. This strategic move is aimed at bolstering the company’s governance structure and leveraging Agarwal’s extensive expertise in finance and management. Rajeev Agarwal brings with him a…
MEA and SBI Sign MoU to Enhance Digital Payments for Migrant Workers The Ministry of External Affairs (MEA) and the State Bank of India (SBI) have signed a Memorandum of Understanding (MoU) to integrate SBI’s payment gateway, SBIePay, with the eMigrate portal. This strategic collaboration aims to enhance digital payment services for Indian migrant workers,…
RBI Initiatives to Combat Online Payment Frauds and Streamline Financial Operations The Reserve Bank of India (RBI) has launched several measures to address the increasing risks of online payment frauds and enhance operational efficiencies in the banking sector. These initiatives aim to protect consumers and streamline financial operations, reflecting the RBI’s proactive approach to evolving…
PhonePe Partners with PickMe to Offer UPI Payments for Indians in Sri Lanka In a significant move towards expanding its reach and services, PhonePe, India’s leading digital payments platform, has collaborated with PickMe, a Sri Lankan ride-hailing service, to introduce UPI (Unified Payments Interface) payments for Indian travelers in Sri Lanka. This partnership aims to…
UPI Breaks Record with 1.404 Billion Transactions in May; Sees 49% Year-on-Year Growth The Unified Payments Interface (UPI) in India has achieved yet another milestone by recording a staggering 1.404 billion transactions in the month of May. This feat marks a remarkable 49% year-on-year growth, showcasing the exponential rise in digital transactions and the increasing…
PhonePe Launches UPI in Sri Lanka in Partnership with LankaPay Introduction: In a significant move towards expanding its digital payment services beyond borders, PhonePe, India’s leading digital payments platform, has launched its Unified Payments Interface (UPI) services in Sri Lanka. This strategic initiative comes in collaboration with LankaPay, the national payment network of Sri Lanka,…
NPCI Partners with Bank of Namibia to Develop UPI-like Instant Payment System In a significant move towards enhancing digital payment systems globally, the National Payments Corporation of India (NPCI) has forged a strategic partnership with the Bank of Namibia to develop an instant payment system akin to India’s Unified Payments Interface (UPI). This collaboration marks…
Revolutionizing the Payment Landscape: CRED’s New Offline QR Code Scan & Pay Service In a significant development in the realm of digital payments, CRED, the popular credit card bill payment platform, has introduced a groundbreaking feature – the Offline QR Code Scan & Pay service. This innovative offering is poised to transform the payment landscape…
Revolutionizing Payment Infrastructure: Razorpay and Airtel Payments Bank Introduce UPI Switch In a significant stride towards revolutionizing the payment infrastructure, two major players in the Indian fintech realm, Razorpay and Airtel Payments Bank, have collaborated to introduce UPI Switch. This innovative initiative aims to streamline and enhance the digital payment experience for users across various…
Rupay Launches “Link It Forget It” Campaign at IPL 2024 to Promote Credit Card on UPI In a strategic move aimed at tapping into the burgeoning digital payment market in India, Rupay has launched its innovative “Link It Forget It” campaign during the IPL 2024 season. The campaign aims to promote the usage of credit…
