India
🐘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,
🐘India🇮🇳: The fintech Wise🇬🇧 receives Central Bank approval as a cross-border payment aggregator to operate in the export sector Paid Members Public
🐘India🇮🇳: The fintech Wise🇬🇧 receives Central Bank approval as a cross-border payment aggregator to operate in the export sector Currently, the company manages around 10% of cross-border transfers. ➡️With the authorization to offer international accounts, freelancers and export businesses in India will be able to receive payments from abroad in
🐘 India🇮🇳: key statistics on UPI’s growth, surpassing all competitors Paid Members Public
🐘 India🇮🇳: key statistics on UPI’s growth, surpassing all competitors In just nine years since its launch, the Unified Payments Interface (UPI) surpassed Visa and became the largest real-time payment system in the world, both in number of transactions and total volume. ➡️ Currently, India accounts for almost half of all
🐘India🇮🇳: PayPal receives preliminary approval to operate as a cross-border payment aggregator Paid Members Public
🐘India🇮🇳: PayPal receives preliminary approval to operate as a cross-border payment aggregator The company has operated in India for more than 10 years, and until now functioned under the license of Online Payment Gateway Service Provider (OPGSP). However, starting from October 2024, payment aggregators require specific authorization from the Reserve
🐘 India 🇮🇳 overtakes China 🇨🇳 to become Asia's leading fintech market by deal volume Paid Members Public
🐘 India 🇮🇳 overtakes China 🇨🇳 to become Asia's leading fintech market by deal volume A standout case is Cashfree, an Indian payments startup that processes over $80 billion USD in transactions annually. This quarter, the company closed one of Asia’s largest fintech deals, securing $53 million USD in a
🐘 India 🇮🇳: The Central Bank (RBI) launches a special app to test new fintech products Paid Members Public
🐘 India 🇮🇳: The Central Bank (RBI) launches a special app to test new fintech products The app, named "Theme Neutral," has been developed within the Regulatory Sandbox (RS) framework to enable more effective engagement with developers and industry stakeholders. 🟡 The concept of a "theme-neutral" platform reflects the