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India's Paytm launches $12 `soundbox` that accepts card payments Indian fintech firm Paytm on Monday launched a 'soundbox' device that lets merchants accept both mobile and card payments across networks including Visa, Mastercard, American Express and homegrown RuPay. The launch of the 999 rupees ($12.08) 'Card Soundbox', which also provides instant audio payment alerts to prevent fraud, comes as rival Pine Labs announced a similar device at "nearly one-third of the cost of a regular Point of Sale terminal". Paytm, whic...
India's Paytm launches $12 `soundbox` that accepts card payments
India's Paytm launches $12 `soundbox` that accepts card payments
Source: Reuters
4/09/2023 4:59:06 PM
Over 50cr Jan Dhan accounts opened in 9 yrs The total number of Jan Dhan accounts have crossed 50 crore as on August 9, 2023, nine years since the scheme was launched in August 2014.  According to information provided by banks, out of these Jan Dhan accounts, 56 per cent accounts belong to women and 67 per cent accounts have been opened in rural and semi-urban areas.  The deposits in these accounts are above Rs 2.03 lakh crore and about 34 crore RuPay cards have been issued in these accounts free of cost.  The a...
Over 50cr Jan Dhan accounts opened in 9 yrs
Over 50cr Jan Dhan accounts opened in 9 yrs
Source: IANS
19/08/2023 9:09:16 AM
India cenbank seeks to give customers choice of card network The Reserve Bank of India (RBI) on Wednesday asked banks and non-bank lenders to issue credit, debit and prepaid cards on multiple networks to give customers the freedom to choose. "On a review, it is observed that arrangements existing between card networks and card issuers (banks and non-banks) are not conducive to the availability of choice for customers," the RBI said in a draft circular seeking comments. Networks of American Express, Diners Club International, Mastercard,...
India cenbank seeks to give customers choice of card network
India cenbank seeks to give customers choice of card network
Source: Reuters
5/07/2023 8:18:57 PM
National Payments Corporation of India selects Priority PassTM Access India to Provide Premium Airport Lounges and Travel Experiences to RuPay Cardholders in India Priority PassTM Access India, a leading domestic airport lounge and travel experiences programme, owned and operated by Collinson, announces a new partnership with the National Payments Corporation of India (NPCI) today.   This partnership will enable eligible RuPay (a product of NPCI) cardholders in India to enjoy access to over 50 premium lounges and airport experiences across all major cities in India simply by tapping or swiping their RuPay card on entry. In addition, elig...
National Payments Corporation of India selects Priority PassTM Access India to Provide Premium Airport Lounges and Travel Experiences to RuPay Cardholders in India
National Payments Corporation of India selects Priority PassTM Access India to Provide Premium Airport Lounges and Travel Experiences to RuPay Cardholders in India
Source: PR Agency
27/06/2023 4:20:03 PM
PhonePe becomes first payment app to link 2 lakh RuPay credit cards to UPI Leading fintech company PhonePe has announced that the company has become the first digital payments app to successfully enable the linkage of two lakh RuPay credit cards to the Unified Payments Interface (UPI). It has also processed a Total Payment Value (TPV) of Rs 150 crore via RuPay Credit on UPI. The company said it aims to offer a comprehensive suite of solutions for RuPay Credit on UPI in partnership with NPCI to popularise its usage among the customers and merchants alike. The c...
PhonePe becomes first payment app to link 2 lakh RuPay credit cards to UPI
PhonePe becomes first payment app to link 2 lakh RuPay credit cards to UPI
Source: IANS
26/05/2023 5:02:45 PM
Tide and Transcorp launch India's-first recycled PVC RuPay Card  Tide, the UK's leading SME-focused business financial platform in partnership with Transcorp International Limited, a Reserve Bank of India (RBI) regulated Prepaid Payment Instrument (PPI) license holder, today announced the launch of India's first recycled (rP) Rupay card, along with MCT Cards & Technology Pvt. Ltd. and NPCI (National Payments Corporation of India).  The move reinforces Tide’s commitment to becoming a more sustainable company, includ...
Tide and Transcorp launch India's-first recycled PVC RuPay Card
Tide and Transcorp launch India's-first recycled PVC RuPay Card
Source: PR Agency
18/05/2023 10:20:47 AM
UPI is free, fast, secure and seamless In the recent times, UPI has emerged as preferred mode of digital payment by offering free, fast, secure and seamless experience. Traditionally, the most preferred method of UPI transactions is linking the Bank account in any UPI enabled app for making payments which contributes over 99.9% of total UPI transactions. These Bank account-to-account transactions continue to remain free for Customers and Merchants. Recent regulatory guidelines, the Prepaid Payment Instruments (PPI Wallets) have...
UPI is free, fast, secure and seamless
UPI is free, fast, secure and seamless
Source: PR Agency
29/03/2023 3:08:43 PM
UPI transactions registered in FY 21-22 were 45 b, show 8 times growth in last 3 yrs The number of UPI transactions in the country has witnessed a spike in the last couple of years. UPI transactions registered in FY 21-22 were 45 billion, showing an 8 times growth in the last 3 years and 50 times growth in the last 4 years. For promotion of digital payments, the Ministry of Electronics and Information Technology (MeitY) has introduced the Incentive Scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions for the current financial year. This was stated ...
UPI transactions registered in FY 21-22 were 45 b, show 8 times growth in last 3 yrs
UPI transactions registered in FY 21-22 were 45 b, show 8 times growth in last 3 yrs
Source: IANS
14/02/2023 11:08:29 AM
People's Wishlist: Dividend linked to share price, IT exemption hike on top From allowing company dividends to be linked to the market price of shares, scrapping of income tax (IT), goods and services tax (GST) on insurance policies to increasing the IT exemption limit to Rs 5 lakh are the expectations from the upcoming budget. "There is no wish list. Just one wish. Zero tax," quipped a Tamil Nadu government employee. While that may be possible in utopia another interesting wish expressed by a chartered accountant is the linking of dividends declared ...
People's Wishlist: Dividend linked to share price, IT exemption hike on top
People's Wishlist: Dividend linked to share price, IT exemption hike on top
Source: IANS
22/01/2023 1:51:09 PM
Kotak, METRO Cash & Carry India Launch Credit Card for Millions of METRO customers including Small Retailers and Kiranas  Kotak Mahindra Bank Limited (“KMBL”/Kotak) in association with METRO Cash & Carry India, India’s leading organized wholesaler and food specialist today launched a new co-branded Credit Card – ‘METRO Kotak Credit Card’. This card will provide easy, interest-free credit facility, for up to 48 days to over 3 million registered METRO India customers. The card has been launched on the RuPay network.   METRO’s customer base include...
Kotak, METRO Cash & Carry India Launch Credit Card for Millions of METRO customers including Small Retailers and Kiranas
Kotak, METRO Cash & Carry India Launch Credit Card for Millions of METRO customers including Small Retailers and Kiranas
Source: PR Agency
16/12/2022 5:27:56 PM
Razorpay allows merchants to accept credit card payments via UPI Fintech platform Razorpay on Monday announced an industry-first move to enable merchants to accept credit card transactions on unified payments interface (UPI), as the digital payments landscape witnesses a stupendous growth. With RuPay credit cards being enabled on UPI, Razorpay merchants can begin accepting credit card payments on UPI, with minimal changes to their existing setup. The company said that move is made possible in partnership with Axis bank, which shares Razorpay's fo...
Razorpay allows merchants to accept credit card payments via UPI
Razorpay allows merchants to accept credit card payments via UPI
Source: IANS
5/12/2022 4:45:49 PM
Zaggle and NPCI partner to launch multiple credit cards on RuPay network This marks the beginning of a strategic partnership between Zaggle, a leader in digitizing business spends and India’s Indigenous global card payment network  Zaggle, a profitable SaaS FinTech company and a pioneer in digitizing business spends has collaborated with National Payments Corporation of India (NPCI) to issue contactless credit cards on the RuPay network.  Zaggle and NPCI along with partner banks would use this platform to launch multiple credit cards to ...
Zaggle and NPCI partner to launch multiple credit cards on RuPay network
Zaggle and NPCI partner to launch multiple credit cards on RuPay network
Source: PR Agency
2/11/2022 12:33:28 PM
India Inc hails Government`s policy initiatives after meeting with FM in Washington Indian industry leaders have hailed the Government's efforts towards digitalisation. After meeting Finance Minister Nirmala Sitharaman in Washington on Saturday, representatives of several Indian companies said that many countries aim to learn from initiatives like UPI and RuPay. C.T. Lakshmanan, President of Tech Mahindra Americas, said that the discussions with Sitharaman were 'amazing'. "She was very curious about what's happening in the US market, the percept...
India Inc hails Government`s policy initiatives after meeting with FM in Washington
India Inc hails Government`s policy initiatives after meeting with FM in Washington
Source: IANS
16/10/2022 5:39:38 PM
Paytm tokenizes over 52 mn cards across VISA, Mastercard & RuPay  Paytm, One97 Communications brand has announced that the company has now tokenized over 93 per cent of the monthly active cards on their application. The company has tokenized 52.3 million cards across VISA, Mastercard and RuPay in its effort to make card transactions safer and drive convenience for consumers. "We have made great progress in card-on-file tokenization, with over 93 per cent of monthly active cards on Paytm app tokenized. Being a leader in digital payments, we ...
Paytm tokenizes over 52 mn cards across VISA, Mastercard & RuPay
Paytm tokenizes over 52 mn cards across VISA, Mastercard & RuPay
Source: IANS
19/09/2022 3:50:07 PM
Mutual recognition of MIR and RuPay between Russia and India another step towards de-dollarisation of global economy Russia's disconnection from the SWIFT international payment system could result in unexpected consequences, as several countries are now considering the development of alternative instruments. Eleven countries have already joined the Russian MIR payment system, and more than 15 have expressed their readiness, India among them. India and Russia are already in talks to integrate their respective payment mechanisms to ensure trade between the two nations does not suffer. The two countr...
Mutual recognition of MIR and RuPay between Russia and India another step towards de-dollarisation of global economy
Mutual recognition of MIR and RuPay between Russia and India another step towards de-dollarisation of global economy
Source: IANS
2/09/2022 11:52:36 AM
Transcorp International touches roof on inking pact with Tide Transcorp International is locked at its upper circuit limit of Rs. 24.40, up by 2.05 points or 9.17% from its previous closing of Rs. 22.35 on the BSE. The scrip opened at Rs. 23.80 and has touched a high and low of Rs. 24.55 and Rs. 23.10 respectively. So far 31916 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 31.05 on 16-Feb-2022 and a 52 week low of Rs. 12.05 on 06-Jul-2021. Last one week high and low...
Transcorp International touches roof on inking pact with Tide
Transcorp International touches roof on inking pact with Tide
Source: Accord Fintech
6/07/2022 11:16:35 AM
India approves $170 million incentive plan to promote RuPay debit cards NEW DELHI - India's cabinet on Wednesday approved a 13 billion rupee ($170 million) incentive plan to promote domestic RuPay debit cards and low-value digital transactions, in a move that could challenge the clout of rivals such as Visa and Mastercard. Under the plan, the government will pay banks a percentage of the value of transactions done through RuPay debits cards and on low-value direct interbank transactions for a year starting April 2021, a government statement said. The sc...
India approves $170 million incentive plan to promote RuPay debit cards
India approves $170 million incentive plan to promote RuPay debit cards
Source: Reuters
15/12/2021 7:28:13 PM
Kotak Mahindra Bank partners with NPCI to launch Credit Cards on RuPay * Kotak’s first credit card on the RuPay network is the ‘Veer’ credit card, specially designed for the Indian armed forces – Army, Navy, and Air Force * The Kotak RuPay Veer Platinum and Kotak RuPay Veer Select Credit Cards offer a host of benefits to users such as zero joining fee, fuel, and railway surcharge waivers, etc. Mumbai, October 28, 2021: Kotak Mahindra Bank (KMBL) and the National Payments Corporation of India (NPCI) today announced that they hav...
Kotak Mahindra Bank partners with NPCI to launch Credit Cards on RuPay
Kotak Mahindra Bank partners with NPCI to launch Credit Cards on RuPay
Source: PR Agency
28/10/2021 2:13:52 PM
BPCL gains on joining hands with SBI Card to launch co-branded RuPay Contactless Credit Card Bharat Petroleum Corporation is currently trading at Rs. 422.65, up by 2.80 points or 0.67% from its previous closing of Rs. 419.85 on the BSE. The scrip opened at Rs. 420.10 and has touched a high and low of Rs. 423.25 and Rs. 420.10 respectively. So far 28501 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 503.00 on 14-Sep-2021 and a 52 week low of Rs. 324.90 on 15-Oct-2020. Last one week high and low of the ...
BPCL gains on joining hands with SBI Card to launch co-branded RuPay Contactless Credit Card
BPCL gains on joining hands with SBI Card to launch co-branded RuPay Contactless Credit Card
Source: Accord Fintech
24/09/2021 11:28:39 AM
LIC Cards launches RuPay prepaid gift card `Shagun` LIC Cards Services Ltd (LIC CSL) has launched a contactless prepaid gift card 'Shagun' in collaboration with IDBI Bank on the RuPay platform. The purpose of this card is to expand the gift card market with an intent to promote cashless ways of gifting and present a wide range of end-use choices and in future foray into the market of e-gift cards, LIC CSL said in a statement. Shagun card, in the initial phase, will be available to LIC and its subsidiaries for official use. The ca...
LIC Cards launches RuPay prepaid gift card `Shagun`
LIC Cards launches RuPay prepaid gift card `Shagun`
Source: IANS
16/06/2021 9:25:32 AM
NPCI partners PayCore to enable RuPay SoftPOS solutions in India National Payments Corporation of India (NPCI) has announced that it has onboarded Turkey's global payment solutions company - PayCore as one of the certified partners for RuPay SoftPOS, to drive cashless payments across the country. With this , millions of merchants now can convert their NFC-enabled smartphones into a POS machine to accept contactless payments through RuPay SoftPOS. Under this association, NPCI has authorised the SoftPOS solution developed by PayCore for RuPay. This...
NPCI partners PayCore to enable RuPay SoftPOS solutions in India
NPCI partners PayCore to enable RuPay SoftPOS solutions in India
Source: IANS
24/05/2021 2:32:02 PM