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Razorpay POS gets RBI nod for offline payment aggregator licenceWith this authorisation, Razorpay now holds all three key RBI licences-online payment aggregator, cross-border payment aggregator (secured ...- RIL can become 1st Indian firm to hit $200 billion m-cap in 24 months, says BofA-MLRIL is India's largest petrochemical and second-largest oil refining company.
- Reliance entry to digitise 5 million kirana stores by 2023: ReportThe number of digitised retail stores will reach over 5 million by 2023 from 15,000 now, BofA-ML said.
- Low earners opt for kiranas to send fundsThe increase in the number of m-PoS machines is an indication of the surge in transactions at kirana stores and with agents on motorbikes.
- Fino Payments Bank to deploy 10,000 mobile PoS terminalsThe key feature of the new Android-based mobile POS is that it is a single device with in-built finger print scanner, card reader, camera, ...
- Startup eyes Aadhaar-based payment for money transferBased at Sanquelim, MinksRecharge is venturing into AEPS and is already in talks with Reserve Bank of India's BBPS.
- Ftcash introduces mPoS solutions for auto service centersThis will enable over 500 service centers across the company receive payments digitally, needing just a bank account and a feature phone.
- Number of swipe machines up 10 lakh since November 8According to SBI, given the level of digitisation, the requirement of currency notes in the economy will come down by over Rs 1 lakh crore.
- Government pushes banks to install 1 million swipe machines in 3 monthsIn India, there are several manufacturers of mPoS terminals, which are point of sales terminals that work with a mobile device.
- Mobile point of sales service provider Mosambee plans global expansionThe startup also intends to take advantage of it being the only mPOS player in India with direct connectivity to VISA for transaction proce...
- Mumbai-based mobile PoS player MSwipe betting on varied SMEs for expansionMumbai-based mobile PoS player MSwipe, which competes with EzeTap and iKaaz among others, is betting on the varied lot of SMEs for expansio...
- Mobile Payment platform Payoye signs up with Injected ECG to enable spot discount cardsInjected will use Payoye’s real time dashboard for data analysis on the Injected card penetration, usage and user behaviour.
- Paynear raises Rs 17 crore in pre-series A fundingPayments solution startup Paynear today said it has raised $2.5 million (about Rs 16 crore) as part of its $10 million fund raising plan.
- Suvidhaa Infotech acquires mPoS platform AasaanPayThe acquisition will help Suvidhaa reach bottom-of-pyramid customers in the semi-urban and rural areas.
- Mahindra Comviva, First Data partner for mobile paymentThis will empower merchants to customise individual needs like home delivery, insurance, retailing & e-tailing, radio taxis and ticketing, ...
- Smart phones could be used as payment gateway; First Data in talks with merchantsFirst Data, a merchant service provider that launched mPOS, is in talks with merchants to use smart mobile phones to process transactions.
- First Data launches mPOS solution for merchantsThe company plans to launch this mPOS solution to metros like Delhi, Hyderabad, Chennai, Mumbai, Kolkata and Chandigarh.
- Reliance General Insurance launches first-of-its-kind facility for payment using mobile phone as POSThe launch was announced by Mr Rakesh Jain, Chief Executive Officer and Executive Director, Reliance General Insurance.
- MTS plans to launch app for mobile payment through cardsSistema Shyam Teleservices, which offer telecom services under the MTS brand, plans to power its smartphones with a card swipe device which...
- Marketing Process Outsourcing making room in India after BPO, KPO & LPOThe MPO model is catching attention of entrepreneurs across the country now, though it is still in its infancy.
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