India
🐘 India 🇮🇳: WhatsApp introduces QR code payments in Business App Paid Members Public
🐘 India 🇮🇳: WhatsApp introduces QR code payments in Business App The new feature, powered by the Unified Payments Interface (UPI), is designed for small businesses and enables QR code transactions for in-app purchases directly on WhatsApp, using the customer’s preferred payment method. ▶️Regional exclusivity: India is currently the only market
🐘India🇮🇳: the nationwide ban on all real-money online games (including poker, betting, and fantasy sports) threatens not only the gaming industry but also the sports sector Paid Members Public
🐘India🇮🇳: the nationwide ban on all real-money online games (including poker, betting, and fantasy sports) threatens not only the gaming industry but also the sports sector In August, Indian lawmakers passed the “Online Gaming Promotion and Regulation Act,” which prohibits banks and payment providers from processing transactions related to real-money
😳India🇮🇳: Cabinet approves bill banning real-money online betting and slots Paid Members Public
😳India🇮🇳: Cabinet approves bill banning real-money online betting and slots The new regulation aims to criminalize operators, advertisers, and financial intermediaries linked to gambling. Ministers have attempted to distinguish gambling from e-sports and casual games, albeit with caveats. ▶️The bill defines “real-money online game” as any digital game requiring a
🐘India🇮🇳: Central Bank grants Paytm preliminary approval to operate as an online payment aggregator Paid Members Public
🐘India🇮🇳: Central Bank grants Paytm preliminary approval to operate as an online payment aggregator This is an intermediate stage requiring the company to align its operations with current regulatory standards. Paytm has 6 months to obtain final approval. ▶️As part of the process, the Central Bank will conduct a comprehensive
😵 Terror and scandal in Telangana🇮🇳: Paytm accused of distributing illegal gambling apps MPL Cards and MPL Rummy Paid Members Public
😵 Terror and scandal in Telangana🇮🇳: Paytm accused of distributing illegal gambling apps MPL Cards and MPL Rummy Authorities in the Indian state of Telangana have launched criminal proceedings against payment platform Paytm and its parent company, One97 Communications, for allegedly distributing unauthorized APK files linked to illegal gambling apps. ➡️The
🐘India🇮🇳: Federal Bank Limited rolls out biometric verification for e-commerce payments Paid Members Public
🐘India🇮🇳: Federal Bank Limited rolls out biometric verification for e-commerce payments One of India’s leading private banks has introduced facial and fingerprint scanning as an authentication method for authorizing debit and credit card payments in e-commerce. ➡️The solution complies with the Reserve Bank of India’s two-factor authentication guidelines
🐘India🇮🇳: The Jupiter platform (not to be confused with the crypto exchange) launches a RuPay credit card linked to UPI Paid Members Public
🐘India🇮🇳: The Jupiter platform (not to be confused with the crypto exchange) launches a RuPay credit card linked to UPI This new card has been developed in collaboration with CSB Bank and is called Edge+. ▶️The card is available exclusively through the Jupiter app. It is a rewards-oriented product and
👀Where is the digitalization of payments advancing the fastest in the world⁉️ Paid Members Public
👀Where is the digitalization of payments advancing the fastest in the world⁉️ According to the World Economic Forum (WEF), the fastest-growing real-time payments market in the world is in the Middle East. ➡️Outlook: In 2022, the total value of real-time payments in the region reached USD 675 million. By 2027,