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MERCHANT ONBOARDING RESTRICTIONS
Shipping authority directs placement agencies to restrict deployment of Indians in conflict zoneIndian seafarers are being restricted from deployment to conflict zones. This directive follows a US military strike on a commercial vessel...- RBI's new draft guidelines have digital wallets feeling the pinchFounders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the curren...
- RBI cancels Paytm bank license, to approach high courtThe Reserve Bank of India has taken decisive action against Paytm Payments Bank by cancelling its banking licence. This means that the bank...
- Paytm shares surge 5% to 52-week high as RBI grants payment aggregator licence to subsidiaryPaytm Share Price: Paytm's parent company, One 97 Communications, saw its shares surge by 4.8% to a new 52-week high following the RBI's in...
- BharatPe secures RBI nod to operate as online payment aggregatorThe final nod to Resilient Payments comes more than two years after it received an in-principle approval from the RBI, in January 2023. A P...
- Paytm shares rally 5% after posting Rs 928 crore Q2 PAT. Should you invest?Paytm's shares rose 5% after reporting a quarterly profit of ₹928.3 crore, attributed to a one-time gain. The company also received NPCI ap...
- Take KYC seriously: RBI’s clear message to fintechsRBI has directed fintech startups to adhere strictly to KYC guidelines, over many meetings with industry stakeholders over the past few mon...
- PayU India FY24 consolidated revenue rises 22% to $1.1 billionProsus's fintech arm, PayU, reported a consolidated revenue increase of 22% in FY24, reaching $1.1 billion. This growth can be attributed t...
- PayU receives RBI’s in-principle nod to operate as a payment aggregatorIn 2022, the central bank had banned payment aggregators, including PayU, and restricted them from onboarding new merchants to its platform.
- Cashfree launches risk management and fraud prevention tool RiskShieldOnline merchant-focused Cashfree said this product will enable users to block transactions from specific mobile numbers, email addresses, I...
- Will Paytm stop working? Decoding the RBI order and what it means for youIn a surprising move, the Reserve Bank of India (RBI) has restricted all services provided by Paytm Payments Bank (PPBL), effective Februar...
- Payments firm Cashfree posts 75% jump in FY23 revenue, losses bloat to Rs 133 croreTotal expenses for Cashfree more than doubled to Rs 750 crore during the year, mainly on account of employee costs jumping to Rs 198 crore ...
- RBI ban makes online payment aggregators seek alternative business linesRazorpay, Cashfree, Paytm and PayU cannot add merchants for their online payments business, this has allowed their rivals to grab market sh...
- ONDC seller apps seek unique ID for network’s vendorsSeeing the same store being listed multiple times on the buyer app is not a great experience from a user perspective, they say.
- HDFC Bank to give a digital push to small business loansAlready in its pilot phase, the SmartHub Vyapar programme for merchants will be launched soon. It is an app that bundles all payment platfo...
- Etailers reach out to Covid 19-hit offline sellers with tech solutionsOnline grocery retailer Grofers is reaching out to offline traders and retailers, asking them to become a part of its network to avoid the ...
- RBI sets up panel to study use of QR codes for contactless transaction in pandemicThe committee – comprising academicians, scientists and industry executives -- has been asked to figure out the economics of QR deployment ...
- Mastercard, Axis Bank tie up to bring POS machines to smartphonesThe move comes at a time when leading digital payment and e-commerce players such as Amazon, Google, Paytm and Jiomart have been aggressive...
- HappyEMI gets Rs 7 crore to expand its footprint“In order to ensure that people pay back on time, we are trying to develop ways to block devices that we have financed in case of non-payme...
- Payment gateway services provider PayU joins UPIIn less than three months, it has grown much more as compared to the growth of its wallet business in the first year as far as transaction ...
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