Quadria Capital is eyeing a strategic acquisition of a majority interest in Samarth Lifesciences, a move that could value the transaction a...

The Reserve Bank of India is introducing new rules for Prepaid Payment Instruments. These changes aim to boost the long-term growth of thes...

With this membership, Pay Point India now has direct access to key payment systems—Real Time Gross Settlement and National Electronic Funds...

As the country evolves from opening Jan Dhan accounts to selling more complex financial products to even the last-mile consumers, the agent...

India processes roughly Rs 12,000 crore to Rs 14,000 crore in monthly remittances internally. Remittance players said that with migrant lab...

The digital payments industry calls for a unified effort to check cyber frauds as first-time users are more vulnerable amid increased thrus...

The flow of domestic remittances revived in September, suggesting that the migrant crisis that ensued during the initial months of the lock...

India’s dominant players such as Fino Payments Bank, Spice Digital, Eko Financial Services and PayPoint are reporting a 35-50% recovery in ...

Mandatory KYC for creating and transferring money through wallets has brought about a shift in business.

Mobile wallet companies get a briefing on interoperability from major card networks in the country.

UIDAI has directed several payments cos to present a plan on how they will exit the Aadhaar ecosystem.

UIDAI, in a recent notification, said companies that did not have ‘enough justification’ to access the Aadhaar details of their users would...

Regulator raises minimum capital requirement to Rs 25 crore and mandates full compliance with KYC norm.

After nearly a decade since coming into existence, BCs — a bunch of agents engaged by banks to aid financial inclusion by offering limited ...

Making Aadhar mandatory to help in money transfer is also a positive step for financial inclusion,” said Pramod Saxena, chairman, Oxigen Pa...

Govt may announce tax benefits for non-cash transactions in this year’s Budget following recommendations made by the PCI.

Valia confirmed he is investing in Pay Point but said the terms were subject to it getting the licence. He didn’t disclose how much he woul...