Cashless transactions: A customer paying through UPI to avoid cash transactions at a medical store in Visakhapatnam | Photo Credit: K.R. Deepak On Tuesday, the cross-border connectivity between India’s Unified Payments Interface (UPI) and Singapore’s PayNow was launched. UPI is a popular mobile payment service which allows instant credit transfer from one bank account to […]
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UPI transactions are super handy when you want to avoid any contact, when you don’t have any cash on you, or even when you quickly want to send money over long distances. However, users must resort to UPI IDs if they want to send money to someone remote and if they don’t have their contact […]
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If you have an NFC-enabled phone, you can use Google Pay to make tap-to-pay payments straight from your phone. This lets you skip pulling out your credit or debit card at any card-payment outlet and can also be useful when you don’t have your cards with you. All you need is a phone with NFC, […]
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In a move that could affect several fintech players, the Reserve bank of India Tuesday asked non-bank prepaid instruments (PPIs) issuers to not load these with a credit line, a preset borrowing limit. The signal from India’s central bank seems to be that it wants to put a full stop to buy-now-pay-later (BNPL) wallets which typically tie-up […]
Continue ReadingGoogle’s talks with the Indian government to integrate its shopping services with the country’s open e-commerce network ONDC follow the success of its payments business over UPI, the government’s initiative for financial transactions Google’s talks with the Indian government to integrate its shopping services with the country’s open e-commerce network ONDC follow the success of […]
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