Cashfree

The Reserve Bank of India has asked Razorpay and Cashfree to temporarily stop the onboarding of new customers for their payment processing business, according to a source.

The Enforcement Directorate (ED) reportedly conducted raids at premises of online payment gateways including Easebuzz, Razorpay, Cashfree, and Paytm this week over the alleged irregularities in instant app-based loans. The central agency has reportedly seized Rs. 46.67 crore worth of funds kept in various bank accounts and virtual accounts.

The Enforcement Directorate today said it has frozen Rs 46.67 crore worth funds kept in payment gateways Easebuzz, Razorpay, Cashfree and Paytm after it carried out raids this week against Chinese-controlled loan apps and investment tokens.

The Enforcement Directorate searched the premises of online payment companies including Razorpay Pvt Ltd, Cashfree Payments and Paytm Payment Services Ltd. as part of a probe into a Chinese loan app.

Paytm on Sunday issued a statement claiming that none of the funds frozen by the Enforcement Directorate (ED) in the Chinese loan app case belongs to it or any of its group firms. The ED earlier conducted raids at premises of online payment gateways over the alleged irregularities in instant app-based loans "controlled" by Chinese persons.

The Enforcement Directorate on Saturday said it conducted raids at premises of online payment gateways such as Razorpay, Paytm and Cashfree in Bengaluru as part of a money laundering case against some instant app-based loan dishing entities.

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 ...

SBI has invested an undisclosed amount in digital payments and banking technology Bengaluru-based startup Cashfree.

Both FreeCharge and Paytm are offering 100 percent cashback to customers as part of their ongoing sales.

The Reserve Bank of India has asked Razorpay and Cashfree to temporarily stop the onboarding of new customers for their payment processing business, according to a source.

The Enforcement Directorate (ED) reportedly conducted raids at premises of online payment gateways including Easebuzz, Razorpay, Cashfree, and Paytm this week over the alleged irregularities in instant app-based loans. The central agency has reportedly seized Rs. 46.67 crore worth of funds kept in various bank accounts and virtual accounts.

The Enforcement Directorate today said it has frozen Rs 46.67 crore worth funds kept in payment gateways Easebuzz, Razorpay, Cashfree and Paytm after it carried out raids this week against Chinese-controlled loan apps and investment tokens.

The Enforcement Directorate searched the premises of online payment companies including Razorpay Pvt Ltd, Cashfree Payments and Paytm Payment Services Ltd. as part of a probe into a Chinese loan app.

Paytm on Sunday issued a statement claiming that none of the funds frozen by the Enforcement Directorate (ED) in the Chinese loan app case belongs to it or any of its group firms. The ED earlier conducted raids at premises of online payment gateways over the alleged irregularities in instant app-based loans "controlled" by Chinese persons.

The Enforcement Directorate on Saturday said it conducted raids at premises of online payment gateways such as Razorpay, Paytm and Cashfree in Bengaluru as part of a money laundering case against some instant app-based loan dishing entities.

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 ...

SBI has invested an undisclosed amount in digital payments and banking technology Bengaluru-based startup Cashfree.

Both FreeCharge and Paytm are offering 100 percent cashback to customers as part of their ongoing sales.