Search For "payment ecosystem"
Transcorp International Limited Receives RBI's In-Principle Approval for C
Updated : 2 months, 2 weeks ago IST
Jaipur (Rajasthan) [India], February 7: Transcorp International Limited has received in-principle approval from the Reserve Bank of India (RBI) for participation in Centralized Payment Systems (CPS), marking a significant development in its banking services infrastructure. The CPS authorisat
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Board of Payments Regulatory Board holds its first meet, reviews draft Pay
Updated : 4 months, 3 weeks ago IST
The Board reviewed the functions of the Department of Payment and Settlement Systems and current focus areas covering both domestic and global payment systems. The draft Payments Vision 2028 was presented, and Members gave strategic guidance to ensure the continued development of India's pay
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NPCI set to shake up card usages; fintech companies stand to gain: Bernste
Updated : 6 months, 1 week ago IST
India's homegrown payments body, the National Payments Corporation of India (NPCI), is now gearing up for a fresh wave of disruption in the country's credit landscape, after having already transformed debit payments through UPI. According to a research report by Bernstein, "NPCI has already
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RBI report highlights digital payment boom, UPI leads India's cashless tra
Updated : 7 months, 1 week ago IST
India's digital payment ecosystem continues its rapid expansion, with the Unified Payments Interface (UPI) maintaining a dominant position in transaction volumes, according to the Reserve Bank of India's Payment Systems Report for the half year ended June 2025.
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Despite surge in digital payments in India, Cash remains resilient with 50
Updated : 7 months, 2 weeks ago IST
Despite the massive surge in digital payments across the country, cash continues to hold a strong position in India's payment ecosystem, accounting for nearly half of all transactions.
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Getepay Launches 'Vega': A Next-Gen Payment Switch Powering the Future of
Updated : 7 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], October 9: Getepay, a leading payment aggregator based in Jaipur, has announced the launch of 'Vega', its indigenously developed payment Switch, designed to empower banks, payment service providers, and merchants with seamless, scalable, and secure payment capab
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RBI issues detailed guidelines for Payment Aggregators, Gateways to boost
Updated : 8 months ago IST
The Reserve Bank of India (RBI) has rolled out detailed regulatory guidelines for Payment Aggregators (PAs) and recommended baseline technology standards for Payment Gateways (PGs), to ensure safety, transparency and resilience in the fast-growing digital payments ecosystem.
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Wonder Becomes Octopus' First Omnichannel Payment Facilitator in Hong Kong
Updated : 11 months, 3 weeks ago IST
Hong Kong, June 10: Wonder, a leading payments and fintech platform in Hong Kong and APAC, is proud to announce a landmark partnership as the first omnichannel payment facilitator of Octopus Cards Limited ("Octopus") in Hong Kong. This strategic collaboration marks a new chapter in advancing
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6D Technologies Wins Landmark Deal to Revolutionize Payments for MMG Guyan
Updated : 1 year, 4 months ago IST
Bangalore (Karnataka) [India], January 28: 6D Technologies is proud to announce its partnership with Mobile Money Guyana (MMG) to transform the payment ecosystem in Guyana using the cutting-edge Aureus platform. This collaboration marks a significant milestone in their mission to deliver inn
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UPI transactions value grows from Rs 1 lakh cr in FY 17-18 to Rs 200 lakh
Updated : 1 year, 8 months ago IST
The value of digital payments has surged to Rs 1,669 lakh crore in the first five months (April-August) of the current financial year 2024-25, according to an official statement by the Ministry of Finance.
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Credit card market in India to double by 2028-29: Pwc
Updated : 1 year, 8 months ago IST
The number of credit cards in India is expected to reach 200 million with a CAGR of 15 per cent, highlighted a report by PwC.
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PhonePe launched 'Credit Line on UPI', expanding payment flexibility for c
Updated : 1 year, 9 months ago IST
The new offering allows consumers to link their credit lines from banks to the Unified Payments Interface (UPI) on the PhonePe platform, enabling seamless merchant payments and providing a new dimension to the digital payment ecosystem.
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