Zomato Payments Private Limited (ZPPL), a wholly-owned subsidiary of Zomato Limited, has announced its decision to voluntarily surrender the certificate of authorisation issued by the Reserve Bank of India (RBI) to operate as an online payment aggregator. The board of directors of ZPPL has also decided to withdraw the application...

Paytm, a fintech major, is now focusing on UPI Lite Wallet to enhance the payment experience for users who prefer wallets for low-value transactions. UPI Lite acts as an on-device wallet, offering lightning-fast payments without the need for a pin, ensuring convenience and efficiency for users on the go. Designed...

NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has joined forces with the Bank of Namibia (BoN) to support them in developing an instant payment system akin to India's Unified Payment Interface (UPI) in Namibia. This strategic collaboration signifies a significant leap...

In a significant development for India's digital payment journey, the Unified Payments Interface (UPI) has continued its impressive growth trajectory, with the National Payments Corporation of India (NPCI) reporting a substantial surge in transaction volumes and amounts for the month of April 2024. According to the latest data released by...

PayU, a fintech company, has made a significant investment of $5 million in a seed round in BRISKPE, which specializes in cross-border payments. BRISKPE plans to utilize this funding to enhance its product and services, grow its team, and expand its offerings. Vijay Agicha, the Chief Investment Officer at PayU,...