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El Salvador Makes Bitcoin Payments Voluntary for Private Sector Merchants to Comply with IMF Loan Conditions
The IMF asked El Salvador to limit its engagement with Bitcoin in order to receive a loan of $1.4 billion (roughly Rs. 12,129 crore). To align with IMF’s condition, El Salvador has made BTC payments voluntary for local merchants in the private sector.
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KuCoin Launches New Pay Feature That Enables UPI-Like Payments via QR Codes
KuCoin has unveiled KuCoin Pay, a new payment solution enabling merchants and businesses to accept cryptocurrency for goods and services. Once integrated into their payment systems, merchants receive a unique QR code that customers can scan to complete transactions using crypto.Â
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Apple Expands Tap to Pay on iPhone to Austria, Sweden and More Countries
Apple is expanding its Tap to Pay for iPhone to more countries, the company announced on Tuesday. Now, business merchants in Austria, Ireland, Sweden and more countries will be able to use its services for accepting in-person and contactless payments without requiring any additional hardware.
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How UPI Is Enabling A Cashless Economy
For a cashless economy to thrive, transactions must be affordable. Unlike credit card transactions that incur fees for merchants, UPI payments are either free or have minimal charges, making them much more accessible to small and medium-sized busines
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Dubai-Based ByBit Adds Support for eRupee CBDC Following Feedback from Indian Merchants
ByBit, the crypto exchange based in Dubai, said it has received multiple requests from Indian merchants urging support for eRupee transactions. This eRupee feature for ByBit’s P2P transactions will let merchants accept payments in the form of the eRupee, reducing the risk of their bank accounts being targeted by cybercriminals.
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Visa Partners Wirex to Offer Crypto Payment Services to Merchants Globally
Visa has struck a partnership with Wirex to bring crypto payment services to merchants around the world. An alternative to banking, Wirex allows people to process transactions in traditional currencies as well as through crypto assets.
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Indians Travelling To Qatar Will Soon Be Able To Make UPI Payments
This will enable UPI payment acceptance in Qatar through the QNB merchant network, benefiting Indian travellers visiting and transiting through the country.
-
Paytm Gets Third-Party UPI App License From NPCI as Payments Bank Ceases Operations
Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a third-party application provider license by the country's payments authority, which will enable it to facilitate payments after its banking unit ceases operations.
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Jio Payments is Reportedly Testing Soundbox For Merchants, Could Launch in 2024
Jio Payments is reportedly testing a new product that will mark its expansion into the merchant payments solution segment. The payment gateway and solution arm of the telecom behemoth is working on a soundbox for merchants. The Jio Soundbox will function as an audio payment verification device, similar to devices by Paytm, PhonePe, and BharatPe.
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RBI Expects To Launch Interoperable Payment System For Net Banking In 2024
RBI expects to launch interoperability of digital payment systems for internet banking in 2024 to enable faster fund settlements for merchants, Governor Shaktikanta Das said on Monday.
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RBI Action On Paytm Payments Bank Not Impacting Merchants' Trust, Says Survey
The reason behind merchants' confidence is the fact that a Paytm representative reached out to them after the RBI decision.
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Google Pay to Roll Out SoundPod With Audio Alerts to Merchants in India After Year-Long Pilot
Google SoundPod is coming to merchants in India in the coming months, the company said on Thursday. After a year-long limited pilot, the company revealed that it is bringing its device for payment alerts to merchants in the country, along with cashback offers. Google's SoundPod will compete with soundboxes from rivals like PhonePe and Paytm.
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Paytm Crackdown Signals More RBI Scrutiny on India Banks
India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank Group Corp. While the Paytm case was an extreme example of lapses in customer verification — it allegedly used a single identity document to open t...
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India’s eRupee CBDC to Get Offline Payments Feature, Programmability Tweaks: RBI Governor
The governor of RBI has reportedly planned to experiment with offline solutions to drive the adoption of CBDC in remote and rural areas of the nation. Das disclosed some plans on Thursday, February 8 – concluding the RBI-hosted three-day Monetary Policy Committee (MPC) meeting.
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"Onboarding More Merchants, Heartening To See Unwavering Support": Paytm
Paytm founder, Vijay Shekhar met with Union Finance Minister Nirmala Sitharaman on Tuesday and discussed the ongoing issue of the company, ANI reported quoting its sources.
-
El Salvador Makes Bitcoin Payments Voluntary for Private Sector Merchants to Comply with IMF Loan Conditions
The IMF asked El Salvador to limit its engagement with Bitcoin in order to receive a loan of $1.4 billion (roughly Rs. 12,129 crore). To align with IMF’s condition, El Salvador has made BTC payments voluntary for local merchants in the private sector.
-
KuCoin Launches New Pay Feature That Enables UPI-Like Payments via QR Codes
KuCoin has unveiled KuCoin Pay, a new payment solution enabling merchants and businesses to accept cryptocurrency for goods and services. Once integrated into their payment systems, merchants receive a unique QR code that customers can scan to complete transactions using crypto.Â
-
Apple Expands Tap to Pay on iPhone to Austria, Sweden and More Countries
Apple is expanding its Tap to Pay for iPhone to more countries, the company announced on Tuesday. Now, business merchants in Austria, Ireland, Sweden and more countries will be able to use its services for accepting in-person and contactless payments without requiring any additional hardware.
-
How UPI Is Enabling A Cashless Economy
For a cashless economy to thrive, transactions must be affordable. Unlike credit card transactions that incur fees for merchants, UPI payments are either free or have minimal charges, making them much more accessible to small and medium-sized busines
-
Dubai-Based ByBit Adds Support for eRupee CBDC Following Feedback from Indian Merchants
ByBit, the crypto exchange based in Dubai, said it has received multiple requests from Indian merchants urging support for eRupee transactions. This eRupee feature for ByBit’s P2P transactions will let merchants accept payments in the form of the eRupee, reducing the risk of their bank accounts being targeted by cybercriminals.
-
Visa Partners Wirex to Offer Crypto Payment Services to Merchants Globally
Visa has struck a partnership with Wirex to bring crypto payment services to merchants around the world. An alternative to banking, Wirex allows people to process transactions in traditional currencies as well as through crypto assets.
-
Indians Travelling To Qatar Will Soon Be Able To Make UPI Payments
This will enable UPI payment acceptance in Qatar through the QNB merchant network, benefiting Indian travellers visiting and transiting through the country.
-
Paytm Gets Third-Party UPI App License From NPCI as Payments Bank Ceases Operations
Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a third-party application provider license by the country's payments authority, which will enable it to facilitate payments after its banking unit ceases operations.
-
Jio Payments is Reportedly Testing Soundbox For Merchants, Could Launch in 2024
Jio Payments is reportedly testing a new product that will mark its expansion into the merchant payments solution segment. The payment gateway and solution arm of the telecom behemoth is working on a soundbox for merchants. The Jio Soundbox will function as an audio payment verification device, similar to devices by Paytm, PhonePe, and BharatPe.
-
RBI Expects To Launch Interoperable Payment System For Net Banking In 2024
RBI expects to launch interoperability of digital payment systems for internet banking in 2024 to enable faster fund settlements for merchants, Governor Shaktikanta Das said on Monday.
-
RBI Action On Paytm Payments Bank Not Impacting Merchants' Trust, Says Survey
The reason behind merchants' confidence is the fact that a Paytm representative reached out to them after the RBI decision.
-
Google Pay to Roll Out SoundPod With Audio Alerts to Merchants in India After Year-Long Pilot
Google SoundPod is coming to merchants in India in the coming months, the company said on Thursday. After a year-long limited pilot, the company revealed that it is bringing its device for payment alerts to merchants in the country, along with cashback offers. Google's SoundPod will compete with soundboxes from rivals like PhonePe and Paytm.
-
Paytm Crackdown Signals More RBI Scrutiny on India Banks
India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank Group Corp. While the Paytm case was an extreme example of lapses in customer verification — it allegedly used a single identity document to open t...
-
India’s eRupee CBDC to Get Offline Payments Feature, Programmability Tweaks: RBI Governor
The governor of RBI has reportedly planned to experiment with offline solutions to drive the adoption of CBDC in remote and rural areas of the nation. Das disclosed some plans on Thursday, February 8 – concluding the RBI-hosted three-day Monetary Policy Committee (MPC) meeting.
-
"Onboarding More Merchants, Heartening To See Unwavering Support": Paytm
Paytm founder, Vijay Shekhar met with Union Finance Minister Nirmala Sitharaman on Tuesday and discussed the ongoing issue of the company, ANI reported quoting its sources.
