Payments News

On The Web

nbsp; nbsp;

Deals

Naspers-Backed PayU In Race To Acquire BillDesk

“Mumbai-based fintech giant PayU, which is backed by Naspers, is exploring the possibility of acquiring top domestic payment gateway firm BillDesk in what could be the second biggest indian internet-based acquisition since the  $16 Bn Walmart-Flipkart deal according to a report.”
nbsp; nbsp;

Companies

Amazon Pay Later Hits 2 Million Sign-Ups Mark in India

“Amazon Pay Later has reached the milestone of two million customers who have signed up for the service in a little over a year since its launch, Amazon has announced. The credit service specifically for Amazon India customers was launched in April last year to let them make purchases of essential and high-value items by […]
nbsp;

Global

NPST’s TimePay Gets Nod for Third-party UPI App – Times of India

“Banking technology provider Network People Services Technology (NPST) has availed a registration for the third-party application provider (TPAP) from the National Payments Corporation of India (NPCI) for its TimePay solution. TPAPs are third-party providers that roll out a distinct Unified Payments Interface (UPI) handle for their customers. NPST aims to put the recently received registration […]
nbsp;

Deals

UK fintech firm Tide enters India with $138m investment plan

“Tide Platform Limited (Tide), a UK-based fintech startup for small and medium-sized enterprises (SMEs), has announced its entry into the Indian market. The company plans to invest more than 100 million pounds (US$138.4 million) in India and create more than 1,000 jobs in the next five years. Tide already has more than 200 employees in […]
nbsp; nbsp;

Deals

Indian payments group Paytm plans to raise up to $3bn in listing

“Indian payments group Paytm has called a shareholders meeting next month to approve an initial public offering that is being billed as the country’s largest with plans to raise up to $3bn. The group, which is backed by China’s Ant Group and Japan’s SoftBank, has appointed JPMorgan, Morgan Stanley, Goldman Sachs and India’s ICICI Securities […]
nbsp;

Deals

Tiger Global in Talks to Back BharatPe at $2.5 Billion Valuation

“Indian fintech startup BharatPe is in advanced stages of talks to raise about $250 million in a new financing round led by Tiger Global, two sources familiar with the matter told TechCrunch. The new round, a Series E, is giving the three-year-old New Delhi-headquartered firm a pre-money valuation of $2.5 billion, sources said, requesting anonymity […]

On The Wires

nbsp;

Domains

PayU Partners With WooCommerce to Accelerate Digitalization for SMBs

“PayU, India’s leading online payment solutions provider, has partnered with WooCommerce, an open-source, customizable e-commerce platform, to enable WooCommerce merchants with digital payments infrastructure, and end-to-end digitalization of business processes. The partnership will offer merchants exclusive pricing on transactions, no hidden charges, and contactless payment solutions to scale growth and profitability.”