Payments
India payments news: UPI, RuPay, card networks, payment aggregators, cross-border remittances and NPCI’s product rollouts.
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UPI goes live for online bookings at Burj Khalifa and Resorts World Sentosa
Indian travellers can now pay with UPI apps when booking At the Top, Burj Khalifa and Resorts World Sentosa online, the first e-commerce use of UPI at major attractions in…
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Pine Labs Q2 profit rises to ₹38.6 crore as revenue grows 24%
Pine Labs reported a Q2 FY27 net profit of ₹38.6 crore against ₹6 crore a year earlier, as revenue rose 24% and its UPI transaction value grew by more than…
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Skydo gets final IFSCA licence to run cross-border payments from GIFT City
Skydo has final IFSCA authorisation as a payment service provider in GIFT City and plans multi-currency accounts that let Indian exporters hold foreign currency before converting it.
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PhonePe launches Tatkal NPS, opening pension accounts from ₹250
PhonePe has added Tatkal NPS, a PFRDA framework that lets users open a National Pension System account in the app with existing bank KYC and a first contribution of ₹250.
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SBI chairman backs UPI MDR to fund payment infrastructure
SBI Chairman C S Setty backed the planned UPI merchant fee on October 26, saying banks need it to fund computing and fraud monitoring, while NPCI has yet to set…
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Paytm posts ₹225 crore Q2 profit as EBITDA margin reaches 10%
Paytm owner One97 Communications reported a ₹225 crore profit for the September quarter, up from ₹21 crore a year earlier, with EBITDA margin at 10% for the first time.
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RBI data centre opens in Bhubaneswar to host RTGS and NEFT
Prime Minister Narendra Modi opened the RBI’s fourth data centre, in Bhubaneswar, on October 25. It will house RTGS and NEFT and runs without third-party cloud providers.
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RBI advisory says breached bank and payment systems stay compromised until cleared
An October 19 RBI advisory tells regulated entities to treat their systems as compromised after a credential leak until forensic checks clear them.
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Pine Labs and WEBXPAY let Sri Lankan merchants accept UPI from Indian buyers
A Pine Labs partnership with WEBXPAY lets Sri Lankan merchants accept UPI and other Indian payment methods under the RBI’s PA-CB framework.
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