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…
CRED Secures In-Principle Approval for Payment Aggregator License CRED, the Bangalore-based fintech startup, has recently made headlines by securing in-principle approval for a payment aggregator license from the Reserve Bank of India (RBI). This significant development marks a major milestone for CRED, positioning it as a key player in the rapidly evolving digital payments landscape…
Airtel Payments Bank Launches NCMC-Enabled Debit and Prepaid Cards Airtel Payments Bank, one of India’s leading digital banks, has recently unveiled National Common Mobility Cards (NCMC)-enabled debit and prepaid cards. This move aims to facilitate seamless transactions for users across various segments, including transportation, retail, and online shopping. The introduction of NCMC-enabled cards marks a…
BharatPe Appoints Nalin Negi as Chief Executive Officer BharatPe, the leading fintech company, has recently announced the appointment of Nalin Negi as its Chief Executive Officer. This strategic move comes as part of the company’s ambitious expansion plans and commitment to further strengthening its position in the digital payment ecosystem. Nalin Negi brings with him…
