The next big wave of UPI adoption will come from check out finance, or buy now pay later, said fintech industry insiders. Consumers will have a credit line extended by their banks to a specific account. They can use UPI to pay from the credit line.
Worldcoin, the crypto project co-founded by Sam Altman who has been sacked as OpenAI CEO in a dramatic move, saw its token crashing on Saturday. Worldcoin consists of a privacy-preserving digital identity (World ID) and, where laws allow, a digital currency (WLD) received simply for being human. Read more here:
Given that fintechs have mostly focussed on disrupting unsecured personal loans, consumer durable loans, credit cards and gold loans through the use of technology, the impact on them will be huge, said industry insiders.
The National Payments Corporation of India (NPCI) has instructed third-party UPI apps and banks to deactivate inactive UPI IDs and numbers that have been unused for over a year. This is to prevent accidental money transfers to unintended recipients when customers change their mobile numbers without unlinking their old numbers from the banking system. The …
NPCI to Google Pay, Paytm, PhonePe and others: Deactivate these UPI IDs by December 31 Read More »
Given that fintechs have mostly focussed on disrupting unsecured personal loans, consumer durable loans, credit cards and gold loans through the use of technology, the impact on them will be huge, said industry insiders.
Earlier this week, Economic Offences Wing (EOW) of the Delhi Police, in a status report to the Delhi High Court, said there were discrepancies in vendor invoices putting the focus back on the long-drawn saga between the Grovers and BharatPe, which started in January 2022, with both sides fighting a bitter and public battle in …
BharatPe vs Ashneer Grover saga: The story so far… Read More »
This was done on the basis of a look-out circular (LoC) issued against the two upon request by the Economic Offences Wing of Delhi Police.
The evolution of payment standards globally has been marked by a series of transformative shifts driven by technological advancements, digitalisation, and regulatory changes. In India, the Reserve Bank of India (RBI) has been at the helm of this evolution, steering the country through the waves of EMV migration, the rise of contactless payments, and the …
India crossed 300 mn tokens provisioning milestone in 2023: Report Read More »
Meanwhile, a fall in US retail sales in October after months of strong gains pointed to a cooling economy and strengthened expectations that the Fed is done hiking rates.
From being an early player offering online payments to internet companies back in 2011, to facing severe competition from new-age startups such as Paytm and Razorpay, to a failed attempt to acquire Billdesk and facing a merchant acquisition embargo from the Reserve Bank of India, PayU has had a chequered history in India.
