Page 2 - Payment Apps
Amazon Pay, 31 other payment aggregators get RBI nod to continue operations
PayTM Payments Services and PayU Payments Private Limited are the entities whose application to continue as payment aggregators has been returned by the RBI
 "Amazon Pay, 31 other payment aggregators get RBI nod to continue operations")
G20 Delhi summit likely to have dedicated vertical for digital public goods
Open-source Aadhaar and UPI will be two top digital public goods offered; govt trying to take QR-based authentication and payment services global following success of DBT, payment digitisation
 "G20 Delhi summit likely to have dedicated vertical for digital public goods")
Delisting of lending apps will be an ongoing process on Google Play Store
Verification involves manual interventions that can be quite complex
 "Delisting of lending apps will be an ongoing process on Google Play Store")
NTT DATA Payment Services gets RBI nod for payment aggregator license
Payment service provider NTT DATA Payment Services India, earlier Atom Technologies, said it has received an in-principle approval from the RBI for the Payment Aggregator license
 "NTT DATA Payment Services gets RBI nod for payment aggregator license")
Mswipe Technologies gets RBI approval for payment aggregator's licence
Joins companies allowed to manage and process merchants' online transactions
 "Mswipe Technologies gets RBI approval for payment aggregator's licence")
Apple lets app developers use 3rd-party payment systems in South Korea
Tech giant Apple on Thursday said that the developers in South Korea can now use a third-party payment system, with certain riders.
 "Apple lets app developers use 3rd-party payment systems in South Korea")
RBI's credit line norms: Card-based fintech players may have to stop offers
Some of the players expected to take a hit due to the RBI's diktat are Slice, Uni Cards, Jupiter, EarlySalary, etc
 "RBI's credit line norms: Card-based fintech players may have to stop offers")
Decoded: The tizzy over RBI's ban on loading PPIs from credit lines
PPIs are instruments that facilitate the purchase of goods and services, conduct of financial services, enable remittance facilities, etc., against the value stored in them
 "Decoded: The tizzy over RBI's ban on loading PPIs from credit lines")
Facebook Messenger rolls out 'Split Payments' feature in US
Meta-owned Facebook Messenger is also introducing voice message recording controls and a mode for sending disappearing messages
 "Facebook Messenger rolls out 'Split Payments' feature in US")
Fintech start-up PhonePe to buy back ESOPs worth Rs 135 cr from employees
In Dec last year, PhonePe launched a program to allot ESOPs to its 2,200 employees starting at a minimum of Rs 3.5 lakh, cumulatively worth Rs 1,500 crore
 "Fintech start-up PhonePe to buy back ESOPs worth Rs 135 cr from employees")
India draws $1.93 bn fintech investment in Q3; tops APAC: S&P Global
Going ahead, experts see the fintech landscape changing rapidly in India as digitisation of customers and merchants opens up new possibilities for players to provide financial services
 "India draws $1.93 bn fintech investment in Q3; tops APAC: S&P Global")
After RBI's move, card networks may raise rates for tokenisation services
National Payment Council of India chairman says, 'If the networks charge heavily the entire system will fail'
 "After RBI's move, card networks may raise rates for tokenisation services")
Small-ticket insurance cover is for beginners: Is it really worth it?
In the long run, you must migrate to standard life, accident, and health policies
 "Small-ticket insurance cover is for beginners: Is it really worth it?")
Pine Labs launches AllTap app to turn phone into payment acceptance device
With AllTap, small merchants who aren't ready to invest in a traditional point-of-sale terminal can immediately start accepting digital payments on their NFC-enabled smartphone
 "Pine Labs launches AllTap app to turn phone into payment acceptance device")
Paytm says could turn profitable in 2021 as Covid-19 earns it users
Vijay Shekhar Sharma said the crisis had forced more merchants to use PayTM's platforms as businesses were forced to accept digital payments
 "Paytm says could turn profitable in 2021 as Covid-19 earns it users")
RBI forms working group on digital lending as frauds come into sharp focus
The group will suggest steps to regulate digital lending including online lending platform and mobile lending
 "RBI forms working group on digital lending as frauds come into sharp focus")
Payment, e-commerce apps most sought when buying online insurance: Swiss Re
However, traditional channels of distribution such as agents, brokers, and insurance aggregators remain primary channels for insurance-related information searches in India
 "Payment, e-commerce apps most sought when buying online insurance: Swiss Re")
$81 mn fund raise pushes Credit card app CRED's valuation past $806 mn
Existing investor, billionaire Yuri Milner's fund DST Global leads round, along with Sequoia Capital, Tiger Global, and others. Existing and past employees liquidate ESOPs worth Rs 9 cr
 "$81 mn fund raise pushes Credit card app CRED's valuation past $806 mn")
RBI scraps certificate of authorisation of Vodafone's mobile payment app
Last year, Vodafone Idea had decided to close m-pesa vertical following the closure of Aditya Birla Idea Payments Bank Ltd (ABIPBL), with which it was being merged.
 "RBI scraps certificate of authorisation of Vodafone's mobile payment app")
HDFC Bank launches customised apps for municipalities, housing societies
With this app the bank is targeting 3 million places of worship, 600,000-800,000 housing societies; 2,000+ clubs; and 500+ cities with a population of more than 100,000
 "HDFC Bank launches customised apps for municipalities, housing societies")
