India Posts Payments Bank to offer financial services via third parties
India Posts Payments Bank (IPPB) will partner with Punjab National Bank (PNB) to sell loans, Bajaj Allianz to offer insurance services and is in talks …
Digital Payments
SBI plans to merge YONO, Buddy apps; targets 250 m users in two years
State Bank of India (SBI) plans to merge the YONO (You Only Need One) application with its mobile wallet, Buddy, as it will eliminate duplication of fe…
Paytm acquires savings management startup Balance.Tech
Paytm has acquired Bengaluru based smart-savings management startup ‘Balance.Tech’ for an undisclosed sum, the company announced in a statement. As pa…
PhonePe gets Rs 452 crore from Flipkart Payments
Flipkart Payments, a Singapore-based subsidiary of the e-commerce giant has infused Rs 451.66 crore into its payments company PhonePe, according to doc…
SBI launches multi-option payment acceptance device ‘MOPAD’
State Bank of India launched its Multi Option Payment Acceptance Device, ‘MOPAD’, which will allow customers to make payments through cards, Bharat QR,…
Reliance Money partners with PayU to offer personal loans via Citrus mobile app
Reliance Money has tied up with payments company PayU India to offer instant app–based personal loans under the LazyPay brand, through Citrus’s mobile …
PNB reports 1.03M BHIM users in Q1FY19; mobile banking users up 62% YoY
Punjab National Bank (PNB) has reported operating profit of Rs 4195 crore for the quarter ending June 30th 2018 (Q1 FY19), representing growth of 30.4%…
Nearby technologies ties up with Yes Bank to offer payments via BBPS
Fintech startup Nearby Technologies, in partnership with Yes Bank has announced that it has begun offering Bharat Bill Payment System (BBPS) services o…
Update- India Post Payments Bank launch delayed on account of national mourning
UPDATE- The launch of India Post Payments Bank has reportedly been delayed owing to the seven-day national mourning, declared as a mark of respect to t…
Amazon India’s UPI payments service launch hampered by data norms
Amazon India’s plan to launch its own Unified Payments Interface (UPI)-based payments service has been hampered owing to RBI's concerns regarding the s…
GST Council approves 20% cashback for payments via Rupay, BHIM app
The Goods and Services Tax (GST) Council has approved a pilot project that will offer incentives for digital payments, in the form of cashbacks, said F…
Govt says foreign firms storing copies of data ‘locally’ a potential solution over RBI norms
Offering a ‘potential solution’ to the ongoing saga over the data localisation norms, India’s Economic Affairs Secretary S.C Garg has said that interna…