Payments News

On The Web

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Global

India considers outlawing cryptocurrency use (but blockchain is still cool)

“It seems India has no intention of slowing down its crusade against cryptocurrencies – but at least, it might be open to experimenting with distributed ledger tech. Following a meeting of the Financial Stability and Development Council (FSDC), the government is contemplating devising an appropriate legal framework to ban the use of cryptocurrency in India – and encourage […]
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Domains

YES BANK introduces API-based Digital NACH for corporate clients

“With the Indian payment industry entering the next level of transformation with the National Payments Corporation of India’s (NPCI’s) National Automated Clearing House (NACH), YES BANK aims to fully support the new clearing service aiding corporates with APIs to integrate with their payment systems to accept online NACH mandates at their respective payment gateways instantly.”
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Global

Indians preferred face-to-face shopping over online this Diwali: Visa report

“Around 66% of the total spending made using Visa debit and credit cards during the Diwali festive season was recorded at physical points of sale(POS), said global card payment company,Visa on Thursday. The finding is based on data of consumer spending patterns via Visa payment cards (debit and credit), both for face-to-face (F2F) and online shopping across cities and different […]
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Domains

Truecaller Pay to go live will Bharat Bill Payments Service in December

“Truecaller Pay is set to go live with the Bharat Bill Payment System in early December with an aim to target India’s utility bill payments market. The Unified Payments Interface (UPI) based payments app has already started testing the feature with around 54 billers and will soon go live with all the billers on Bharat Bill Payments, said Sony […]
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Global

Use single e-wallet account for all your digital payments soon

“Those who do not use Paytm, and use MobiKwik or Oxigen instead, end up withdrawing cash from a nearby ATM to pay their share, or do a bank transfer. This was because you cannot transfer money from one e-wallet to another as of now. This is set to change soon. The Reserve Bank of India has issued guidelines on […]

On The Wires

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Companies

Visa Strengthens Commitment to Growing Digital Payments in India

“Visa (NYSE: V) today announced a minority investment in BillDesk, a leading platform for online payments and bill payments in India. Visa’s investment and collaboration will help BillDesk develop new product lines for its payments and loyalty businesses and also expand its footprint into other geographies.”