India steps into a new mobile payments revolution with IMPS version 2.0

21 banks in India, including Andhra Bank, Axis Bank and Bank of Maharashtra, are introducing the upgraded form of India’s pioneering immediate payment service (IMPS) starting today. Under the new form of IMPS, users will be able to send money using proxy addresses instead of full bank account details, thus making instant money transfer across banks […]

Razorpay to offer PayUmoney checkout option to merchants

Razorpay, an online payment gateway, said it has partnered with wallet and payment option provider PayUmoney to offer Razorpay merchants the option to collect payments via PayUmoney. The agreement will help Razorpay’s 9,000 registered merchants avail the advantage of offering cashbacks for transactions on their platform. In the first stage, over 1,500 merchants will be […]

Online transaction time to be cut down by 60% with flash Checkout: Razorpay

Razorpay, an online payments platform, today, announced the launch of “Flash Checkout”, which will cut down transaction times by 60% when the card is saved with Razorpay, further simplifying online payments. The card saving feature in Flash Checkout will help merchants increase customer retention and improve transaction speeds earlier merchants had to write complex integration’s […]

PayU India enters strategic tie up with IndusInd Bank

IndusInd Bank and online payment company Payu India entered into a strategic partnership too joint solutions. “The partnership is aimed at bridging the gap between conventional banking world and the new age online payment systems,” the private sector bank said. It will help bring the full suite of consumer banking products online, it added. “The […]