Airtel starts Payments Bank; offers 7.25% interest on savings ac

Airtel Payments Bank, a subsidiary of Bharti Airtel Limited, today said that it has rolled out a pilot of its banking services in Rajasthan. The pilot is aimed at testing systems and processes ahead of a full scale pan Indian launch. With this, Airtel Bank has become the first payments bank in the country to […]

ICICI Bank is the first with UPI app for merchants

While nearly all the major banks with the exception of SBI and HDFC have come up with UPI apps for regular users, ICICI Bank has gone a step further by bringing out an app specially dedicated to merchants. The app requires a current account with ICICI Bank to operate, and any small merchant or shopkeeper […]

SBI starts accepting UPI payments

State Bank of India, India’s largest bank, has started accepting UPI payments from customers of other banks. However, outgoing payments are yet to be enabled from an SBI account to other accounts. UPI refers to a new way of making instant payments. Instead of entering details such as bank account number and IFSC code, Unified […]

Razorpay introduces e-cash on delivery using UPI

Razorpay, a payment processing company, announced eCOD, a new service that lets customers pay for deliveries after the delivery is actually made. Unlike other recent offerings like Wallet on Delivery etc, Razorpay has built in support for UPI — which means that you can pay directly from your bank account without using any wallet. UPI, […]

CASH CRUNCH: Freecharge signs up new merchant every 30 seconds

Snapdeal-owned Freecharge said it is now signing up a new merchant every 30 seconds, possibly a result of the cash-related problems faced by consumers and businesses alike. The company had recently removed sign up charges for merchants and waived fund transfer charges as well. It also offered quick sign-ups as well. “This unbeatable offer led […]

Currency Crunch: Razorpay offers to onboard merchants in 1 hour

Online Payment platform Razorpay said it launched a new feature –Express Activation– in India that promises one-hour activation of new merchant accounts. Razorpay is a payments platform that allows merchants to receive payments via their websites or mobile apps. It helps businesses accept online payments via credit card, debit card, netbanking and popular wallets including Mobikwik, […]

Mobikwik, Freecharge start wallet on delivery services

As the e-commercial sector is facing issues with the money demonetization, the E- payment platform MobiKwik and Freecharge have forward with methods that can be helpful for the e- tailers. Mobikwik said it will offer ‘MobiKwik on delivery’ option for e-tailers to replace ‘Cash on Delivery’ and overcome the challenges being faced by the phasing […]

Oxigen sees four-fold jump in prepaid Visa card usage

Oxigen, one of India’s oldest wallet payment system, said the load value on Oxigen Wallet prepaid visa cards have increased by 4 times in the last two days. It said people seem to be switching to prepaid cards to make payments in the wake of demonetization of high-denomination currency notes. “The daily average number of […]

No cash? Now pay for your gas cylinder via Freecharge

Wallet provider Freecharge, one of the first to support the new UPI platform, has now tied up with Indian Oil to let customers make payments for gas deliveries via a PIN number. Once the pin number is provided to the gas delivery boy, the amount will be deducted from your Freecharge account. The pilot project […]

Book Your Game signs up with Paynimo

Paynimo, an advanced retail payment platform from Techprocess, has tied up with Book Your Game, which allows users to discover workouts and group exercises near their location for a subscription fee. Paynimo’s big advantage, compared with other payment gateways, is that it supports sending users text messages with links for making their payment. “It has […]

TechProcess to enable e-payment for Muthoot Finance loans

Muthoot Finance, one of India’s largest gold finance company said it has partnered with a Indian electronic payments company TechProcess Payment Services whereby their customers will be able to repay EMI’s through a digital platform. The platform powered by powered by TechProcess will further enable Muthoot Finance to streamline its loan collection process and also […]

MobiKwik offers personal loans in 30 minutes

Wallet provider MobiKwik has started offering short-term loans for one-time festive buying and users can opt to pay the amount in equated monthly instalments or EMIs. MobiKwik is the first mobile wallet company to launch personal loans. “The loan approval will be done within 30 minutes. To begin with, loans or EMIs up to Rs […]

HPCL, Aditya Birla Fashion to start accepting ICICI Bank’s UPI payments

ICICI Bank said it has tied up with Hindustan Petroleum Corporation Ltd and Aditya Birla Fashion and Retail Limited to offer UPI based payments their retail outlets. The bank also said it has become the first in India to have 1 lakh registered virtual payment addresses under the platform. UPI, or unified payment interface, is […]

MobiKwik’s new user signup rise 30% after Truecaller partnership

MobiKwik, a mobile payments network, said it has made account registration easier by partnering with the smart calling mobile app Truecaller thereby increasing its daily account registrations by 30%. Now any user with a Truecaller account can instantaneously register on MobiKwik, said the company. Truecaller is a mobile app that pools data from all the […]

Freecharge introduces first voice based recharge service in Windows 10 phones

Freecharge, the Snapdeal owned digital payments platform, said it has introduced a first of its kind service in India by which customers can now complete recharges and make bill payments using Microsoft’s voice-based smart assistant Cortana. The voice support transactions is now available on its Windows 10 app version, said the company. Cortana works by using […]

YES Bank leaves rivals behind in UPI implementation for merchants

YES Bank, the newest entrant to India’s banking sector, has turned out to be the most aggressive when it comes to taking advantage of India’s new payment infrastructure called UPI or Unified Payment Interface. While most banks are looking at UPI primarily as a replacement for cash transfer solutions like NEFT and IMPS, YES Bank […]

Hurry! ICICI Bank starts accepting new usernames under UPI mobile payments

ICICI Bank, one of India’s largest private sector banks has started registering new, user-friendly usernames on its mobile app as part of the UPI advanced payment platform of the government of India. The usernames are in the format name@icici and can be registered by ICICI mobile app users and those who use its Pockets payment app. The process […]