Search result for 'merchant payments'

Finance Ministry asks public sector banks to monetize investments in subsidiaries by listing them on stock exchanges to improve returns. SBI, Canara Bank subsidiaries among those considered.

Finance Minister Nirmala Sitharaman calls on fintech companies to develop solutions for digital arrests, cyberfraud, and deepfakes, highlighting India's fintech growth and potential.

Paytm has appointed Ramana Kumar as CEO for its Middle East business, focusing on expanding digital payment solutions in the UAE and the broader region. Kumar brings over 20 years of experience in...

The Reserve Bank of India (RBI) has permitted the National Payments Corporation of India (NPCI) to increase UPI transaction limits for person-to-merchant (P2M) payments, allowing for higher...

Fintech company Findi Ltd has raised Rs 243 crore in funding through an institutional placement and share purchase plan. The proceeds will be used to enhance technological capabilities, scale...

NPCI International partners with Magnati to expand UPI acceptance in UAE, enabling more merchants to accept UPI payments from Indian travelers. This partnership aims to enhance the shopping...

India's UPI payment system has been launched at Galeries Lafayette in Paris, expanding its global reach after a successful launch at the Eiffel Tower. This move aligns with Prime Minister Modi's...

State Bank of India (SBI) plans to open 400 branches across India in FY25, driven by the need for physical presence despite digital growth. The bank aims to expand its network in emerging areas,...

SBI Chairman Dinesh Kumar Khara says the lender will wait for subsidiaries like SBI General Insurance and SBI Payment to scale up before monetizing them. The move aims to increase valuations and...

NPCI International collaborates with Bank of Namibia to develop a UPI-like instant payment system for Namibia, aiming to modernize financial services and boost financial inclusion.

Reserve Bank of India Governor Shaktikanta Das announced that an interoperable system for internet banking will be launched in 2024, aiming to improve efficiency and reduce costs for stakeholders.

Reserve Bank of India (RBI) Governor Shaktikanta Das announced the launch of an interoperable payment system for internet banking in 2024, aiming to facilitate quicker settlements for merchants....

PM Modi, Sri Lankan President, and Mauritius PM will witness the launch of UPI services in Sri Lanka and Mauritius via video conferencing, enabling seamless digital transactions for Indian and...

RBI orders Paytm Payments Bank to halt operations, affecting millions of users. Understand the crisis, impact on customers, and alternative options.

India formally launched UPI at the Eiffel Tower in France, fulfilling Prime Minister Modi's vision of taking the instant payment system global. UPI is now available at the iconic landmark and will...

India formally launched UPI at the Eiffel Tower in Paris, fulfilling PM Modi's vision of taking UPI global. UPI is an instant payment system developed by NPCI, offering seamless fund routing and...

Paytm's annual operational profit faces a significant hit as RBI bans Paytm Payments Bank from accepting deposits. The company plans to move services to other banks.

Paytm's annual operational profit will be impacted by Rs 300-500 crore after the RBI barred Paytm Payments Bank from accepting deposits. The company will shift to other bank partners for payments.

RBI's order to stop Paytm Payments Bank services will impact the company's annual operational profit by Rs 300-500 crore. Paytm will shift to other banks for its payment services.

Paytm's Q3 results show narrowed losses, revenue growth of 38%, and significant increases in payment business revenue and merchant subscriptions. Learn more about the key highlights.

Paytm processed 912 crore merchant transactions in Q2FY24, making Saturdays the busiest day for digital payments. Delhi emerged as the city with the most payments between midnight and 6 AM.