Payment Aggregators
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ED Says Paytm Violated Foreign Exchange Rules
The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary reporting to the Reserve Bank of India (RBI).
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Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator
India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.
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RBI Issues Draft Guidelines On Payment Aggregators
The Reserve Bank on Tuesday came out with draft guidelines to further strengthen regulations on payment aggregators, a move aimed at boosting the payment ecosystem.
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Paytm Wins RBI Extension for Payment Aggregator Licence Application: Details
Paytm on Sunday said it had received an extension from the country's banking regulator to apply for a payment aggregator licence. The RBI had declined a payment aggregator licence for the firm in November. Paytm said it aims to reapply for a payment aggregator licence in 15 about days.
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Amazon, Google in RBI’s List of Online Payment Aggregators, Over 50 Entities Granted License to Operate
RBI on Wednesday released a list of 54 entities, including Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments, which can continue to operate as Online Payment Aggregators (PAs).
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Paytm to Resubmit Application for Authorisation of Payment Aggregator Services
Paytm has shared an update with the exchanges about its 100 per cent subsidiary, Paytm Payments Services. The company can now resubmit the application within 120 calendar days for the payment aggregator services. Ahead of that, the company will seek necessary approval for past downward investment from Paytm into its subsidiary.
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Predatory Lending Apps: MHA Asks States, UTs to Take Urgent Action Against Illegal Apps
The Home Ministry recently asked law enforcement in states and Union territories to take urgent and strict action against predatory lending apps as harassment, blackmail and harsh recovery practices by such Chinese-controlled entities have led to multiple incidents of death by suicide. The ministry said it was a form of organised cybercrime that ...
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RBI Says Cross-Border Payments Products of Four Firms Viable Under Regulatory Sandbox
The RBI on Tuesday announced that products from four firms for cross border payments had been found viable, after completion of the test phase under the central bank’s regulatory sandbox scheme. Products from Cashfree Payments India, Fairex Solutions, Nearby Technologies and Open Financial Technologies had passed the live testing of new products ...
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SoftBank Executives Said to Exit Paytm, Policybazaar Boards
SoftBank representatives will reportedly step down from the boards of digital payments firm Paytm and the parent of online insurance aggregator Policybazaar.
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IRCTC Launches Payment Aggregator iPay
IRCTC says, "With the launch of IRCTC iPay, the passengers will not need any third-party platforms."
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Amazon Pay to Acquire App Aggregator Tapzo: Report
Amazon is said to be looking to strengthen its hold in the ever-growing digital payments space in India by reportedly acquiring Tapzo, an India-based app aggregator.
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Indefinite Strike By Ola, Uber Drivers Sting Mumbai, Delhi: 10 Points
A countrywide indefinite strike by drivers of app-based cab aggregators Uber and Ola hit Mumbai and Delhi hard today. The drivers are facing a drop in their profits following cutbacks in incentive payments and a surge in the number of cabs registered with the two companies. They demand that the two firms make good on their promise of getting them ...
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Ola, Uber Drivers On Indefinite Strike From Today Over Low Payments
The transport wing of the Maharashtra Navnirman Sena has called for a strike of drivers of cab aggregators Uber and Ola starting today.
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India Funding Roundup: ClearTax, RailYatri, CareOnGo, Roposo, and More
The funding roundup features startups dealing with digital payments, fashion discovery, railway information aggregation, tax filing, and more.
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Uber Rolls Out Cash Payments in Kolkata, Bengaluru And Delhi
Cab aggregator services Uber on Tuesday included three more cities - Kolkata, Bengaluru and Delhi NCR - under its cash payment model of operation.
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ED Says Paytm Violated Foreign Exchange Rules
The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary reporting to the Reserve Bank of India (RBI).
-
Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator
India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.
-
RBI Issues Draft Guidelines On Payment Aggregators
The Reserve Bank on Tuesday came out with draft guidelines to further strengthen regulations on payment aggregators, a move aimed at boosting the payment ecosystem.
-
Paytm Wins RBI Extension for Payment Aggregator Licence Application: Details
Paytm on Sunday said it had received an extension from the country's banking regulator to apply for a payment aggregator licence. The RBI had declined a payment aggregator licence for the firm in November. Paytm said it aims to reapply for a payment aggregator licence in 15 about days.
-
Amazon, Google in RBI’s List of Online Payment Aggregators, Over 50 Entities Granted License to Operate
RBI on Wednesday released a list of 54 entities, including Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments, which can continue to operate as Online Payment Aggregators (PAs).
-
Paytm to Resubmit Application for Authorisation of Payment Aggregator Services
Paytm has shared an update with the exchanges about its 100 per cent subsidiary, Paytm Payments Services. The company can now resubmit the application within 120 calendar days for the payment aggregator services. Ahead of that, the company will seek necessary approval for past downward investment from Paytm into its subsidiary.
-
Predatory Lending Apps: MHA Asks States, UTs to Take Urgent Action Against Illegal Apps
The Home Ministry recently asked law enforcement in states and Union territories to take urgent and strict action against predatory lending apps as harassment, blackmail and harsh recovery practices by such Chinese-controlled entities have led to multiple incidents of death by suicide. The ministry said it was a form of organised cybercrime that ...
-
RBI Says Cross-Border Payments Products of Four Firms Viable Under Regulatory Sandbox
The RBI on Tuesday announced that products from four firms for cross border payments had been found viable, after completion of the test phase under the central bank’s regulatory sandbox scheme. Products from Cashfree Payments India, Fairex Solutions, Nearby Technologies and Open Financial Technologies had passed the live testing of new products ...
-
SoftBank Executives Said to Exit Paytm, Policybazaar Boards
SoftBank representatives will reportedly step down from the boards of digital payments firm Paytm and the parent of online insurance aggregator Policybazaar.
-
IRCTC Launches Payment Aggregator iPay
IRCTC says, "With the launch of IRCTC iPay, the passengers will not need any third-party platforms."
-
Amazon Pay to Acquire App Aggregator Tapzo: Report
Amazon is said to be looking to strengthen its hold in the ever-growing digital payments space in India by reportedly acquiring Tapzo, an India-based app aggregator.
-
Indefinite Strike By Ola, Uber Drivers Sting Mumbai, Delhi: 10 Points
A countrywide indefinite strike by drivers of app-based cab aggregators Uber and Ola hit Mumbai and Delhi hard today. The drivers are facing a drop in their profits following cutbacks in incentive payments and a surge in the number of cabs registered with the two companies. They demand that the two firms make good on their promise of getting them ...
-
Ola, Uber Drivers On Indefinite Strike From Today Over Low Payments
The transport wing of the Maharashtra Navnirman Sena has called for a strike of drivers of cab aggregators Uber and Ola starting today.
-
India Funding Roundup: ClearTax, RailYatri, CareOnGo, Roposo, and More
The funding roundup features startups dealing with digital payments, fashion discovery, railway information aggregation, tax filing, and more.
-
Uber Rolls Out Cash Payments in Kolkata, Bengaluru And Delhi
Cab aggregator services Uber on Tuesday included three more cities - Kolkata, Bengaluru and Delhi NCR - under its cash payment model of operation.
