Payment Aggregators
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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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Paytm Gets 15-Day Extension To Apply For Online Payment Aggregator Permit
Digital financial services firm One97 Communications, which operates the Paytm brand, has 15 days more to apply for the online payment aggregator licence for its subsidiary PPSL, a regulatory filing said on Sunday.
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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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RBI Grants In-Principle Approval To 32 Existing Payment Aggregators
The RBI said for the purpose of disseminating information and ensuring greater transparency, the list of entities that have submitted applications to RBI seeking authorisation to act as online PAs with the current status of their application as of February 15, 2023, is published.
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Best Offer For Reliance Capital 60% Below Aggregate Liquidation Value: Report
The firm has since failed to make several debt and interest payments on debentures.
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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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Regulations For Offline Payment Aggregators To Be At Par With Online: RBI
Offline payment aggregators (PAs) who aid in face-to-face transactions at merchant outlets will now come under the regulatory purview of RBI, Governor Shaktikanta Das announced on Friday.
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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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SoftBank Representatives To Step Down From Paytm, Policybazaar Boards: Report
Representatives of SoftBank Group Corporation will step down from the boards of Indian digital payments firm Paytm and the parent of online insurance aggregator Policybazaar, a person with direct knowledge of the matter said.
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Dewan Housing Finance Limited (DHFL) Misses Debt Payments, Shares End 6% Higher
DHFL or Dewan Housing Finance Limited recovered all of intraday losses after plunging around 9 per cent in intraday trade on Wednesday, a day after the mortgage lender said it had made a 40 per cent payment on unsecured commercial papers due on Tuesday. In a regulatory filing late on Wednesday, Mumbai-based DHFL said: "Out of the aggregate amount o...
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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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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.
-
Paytm Gets 15-Day Extension To Apply For Online Payment Aggregator Permit
Digital financial services firm One97 Communications, which operates the Paytm brand, has 15 days more to apply for the online payment aggregator licence for its subsidiary PPSL, a regulatory filing said on Sunday.
-
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).
-
RBI Grants In-Principle Approval To 32 Existing Payment Aggregators
The RBI said for the purpose of disseminating information and ensuring greater transparency, the list of entities that have submitted applications to RBI seeking authorisation to act as online PAs with the current status of their application as of February 15, 2023, is published.
-
Best Offer For Reliance Capital 60% Below Aggregate Liquidation Value: Report
The firm has since failed to make several debt and interest payments on debentures.
-
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 ...
-
Regulations For Offline Payment Aggregators To Be At Par With Online: RBI
Offline payment aggregators (PAs) who aid in face-to-face transactions at merchant outlets will now come under the regulatory purview of RBI, Governor Shaktikanta Das announced on Friday.
-
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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SoftBank Representatives To Step Down From Paytm, Policybazaar Boards: Report
Representatives of SoftBank Group Corporation will step down from the boards of Indian digital payments firm Paytm and the parent of online insurance aggregator Policybazaar, a person with direct knowledge of the matter said.
-
Dewan Housing Finance Limited (DHFL) Misses Debt Payments, Shares End 6% Higher
DHFL or Dewan Housing Finance Limited recovered all of intraday losses after plunging around 9 per cent in intraday trade on Wednesday, a day after the mortgage lender said it had made a 40 per cent payment on unsecured commercial papers due on Tuesday. In a regulatory filing late on Wednesday, Mumbai-based DHFL said: "Out of the aggregate amount o...
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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."
