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Amazon Pay Adds Support for Biometric Authentication for UPI Payments in India
Amazon Pay has introduced the new biometric authentication feature for UPI transactions. However, the company will only allow users to make payments of up to Rs. 5,000 using the new feature. The tech giant claims that people will no longer have to enter their UPI pins to complete a transaction, as they can directly validate them using their fingerp...
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5 Apps You Can Use to Buy Digital Gold This Dhanteras
The auspicious day of Dhanteras is here, and it marks the start of the festive season in India. It is almost customary to commemorate this occasion by purchasing metals like gold and silver as a mark of good fortune. Instead of making the purchases physically, you can buy digital gold as a more convenient means of making the investment. Here are fi...
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Amazon Introduces Rewards Gold Cashback Program Ahead of Prime Day 2025 Sale
Amazon Pay’s Rewards Gold program offers 5 percent cashback for Prime members and 3 percent for non-Prime users on eligible transactions. The rewards will be unlocked after completing 25 Amazon Pay transactions, including UPI, bill payments, or shopping. Cashback applies to categories like grocery, clothing, travel, food delivery, and apps like O...
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Google Pay, PhonePe Other Payment Firms Seek to Join RBI's CBDC Pilot, Said to Offer eRupee Transactions
The RBI has started onboarding UPI platforms like Google Pay and PhonePe to the advanced trials of the eRupee CBDC. Payment firms are working closely with the RBI and National Payments Corporation of India (NPCI), the domestic payments authority, and are expected to roll out access to e-rupee over the next three-to-four months
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DMRC Launches Digital QR Code-Based Ticketing Service Via Amazon Pay
Delhi Metro Rail Corporation (DMRC) expanded its Digital QR Ticketing service to Amazon Pay on Thursday. With this move, Delhi Metro commuters can purchase their travelling tickets online through the platform. The QR code-based ticketing facility was already available via several other apps, but now travellers have an additional way to book their o...
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How to Exchange Rs. 2,000 Currency Notes Using the Amazon Pay Wallet in India
Amazon, earlier this week, made an announcement to allow customers to exchange their Rs. 2,000 notes. The Reserve Bank of India decided to withdraw all the Rs. 2,000 currency notes from circulation by September 30. According to the official statement by Amazon, the company will let customers top up their Amazon Pay balances using Rs. 2,000 notes du...
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Amazon to Help Indian Customers Exchange Rs. 2,000 Note via Amazon Pay Wallet: Here's How
Amazon customers can now use their Rs. 2,000 notes to top up their Amazon Pay balances during cash-on-delivery orders, as it offers a doorstep solution to ease the stress of exchanging such currency. Customers can deposit cash of up to Rs. 50,000 per month, including notes of Rs. 2,000 denomination, Amazon said. The cash load at doorstep service b...
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Amazon Pay India Faces Penalty of Over Rs. 3.06 Crore by RBI for Non-Compliance
The Reserve Bank of India on Friday said it has imposed a penalty of over Rs. 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. "It was observed that the entity was non-compliant with the directions issued by RBI on KYC re...
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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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WhatsApp Pay India Head Manesh Mahatme Said to Quit Firm Ahead of Plans to Ramp Up Payments Service
WhatsApp Pay India head Manesh Mahatme has quit the company ahead of the service's plans to expand in the country and compete with Alphabet's Google Pay, Ant-backed Paytm, and Walmart's PhonePe. The executive, who joined the Meta-owned messaging service in April 2021, is said to have joined Amazon India as director of product in the company's e-com...
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RBI Bars Fintech Companies From Loading Cards Using Credit Lines: 10 Points to Understand the Move
The Reserve Bank of India (RBI) has issued a notice to all non-bank entities offering payment instruments to restrict them from loading instruments including prepaid cards using credit lines. Fintech companies are currently assessing the situation.
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After PhonePe, Paytm Starts Taking Surcharge on Mobile Recharges
Paytm has followed in the footsteps of PhonePe and started taking a surcharge for mobile recharges.
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PhonePe Continues to Take on the Competition in UPI App Ecosystem With Over 46 Percent Share: NPCI
PhonePe has broadened the gap for platforms including Google Pay and Amazon Pay by expanding its market share to 46.04 percent in June, the data released by the National Payments Corporation of India (NPCI) has shown. WhatsApp Pay, on the other hand, has continued its marginal share of 0.02 percent.
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Amazon Pay Later Reaches 2 Million Customer Sign-Ups Since Launch in India
Amazon Pay Later has reached the milestone of two million customers who signed up for the service in a little over a year since its launch, Amazon announced on Monday.
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WhatsApp Said to Hire Amazon Pay’s Manesh Mahatme to Lead India Payments Business
WhatsApp is said to hire Manesh Mahatme, who has worked at Amazon Pay for nearly seven years, to head its payments business. With more than 500 million users, WhatsApp counts India as its biggest market.
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Amazon Pay Adds Support for Biometric Authentication for UPI Payments in India
Amazon Pay has introduced the new biometric authentication feature for UPI transactions. However, the company will only allow users to make payments of up to Rs. 5,000 using the new feature. The tech giant claims that people will no longer have to enter their UPI pins to complete a transaction, as they can directly validate them using their fingerp...
-
5 Apps You Can Use to Buy Digital Gold This Dhanteras
The auspicious day of Dhanteras is here, and it marks the start of the festive season in India. It is almost customary to commemorate this occasion by purchasing metals like gold and silver as a mark of good fortune. Instead of making the purchases physically, you can buy digital gold as a more convenient means of making the investment. Here are fi...
-
Amazon Introduces Rewards Gold Cashback Program Ahead of Prime Day 2025 Sale
Amazon Pay’s Rewards Gold program offers 5 percent cashback for Prime members and 3 percent for non-Prime users on eligible transactions. The rewards will be unlocked after completing 25 Amazon Pay transactions, including UPI, bill payments, or shopping. Cashback applies to categories like grocery, clothing, travel, food delivery, and apps like O...
-
Google Pay, PhonePe Other Payment Firms Seek to Join RBI's CBDC Pilot, Said to Offer eRupee Transactions
The RBI has started onboarding UPI platforms like Google Pay and PhonePe to the advanced trials of the eRupee CBDC. Payment firms are working closely with the RBI and National Payments Corporation of India (NPCI), the domestic payments authority, and are expected to roll out access to e-rupee over the next three-to-four months
-
DMRC Launches Digital QR Code-Based Ticketing Service Via Amazon Pay
Delhi Metro Rail Corporation (DMRC) expanded its Digital QR Ticketing service to Amazon Pay on Thursday. With this move, Delhi Metro commuters can purchase their travelling tickets online through the platform. The QR code-based ticketing facility was already available via several other apps, but now travellers have an additional way to book their o...
-
How to Exchange Rs. 2,000 Currency Notes Using the Amazon Pay Wallet in India
Amazon, earlier this week, made an announcement to allow customers to exchange their Rs. 2,000 notes. The Reserve Bank of India decided to withdraw all the Rs. 2,000 currency notes from circulation by September 30. According to the official statement by Amazon, the company will let customers top up their Amazon Pay balances using Rs. 2,000 notes du...
-
Amazon to Help Indian Customers Exchange Rs. 2,000 Note via Amazon Pay Wallet: Here's How
Amazon customers can now use their Rs. 2,000 notes to top up their Amazon Pay balances during cash-on-delivery orders, as it offers a doorstep solution to ease the stress of exchanging such currency. Customers can deposit cash of up to Rs. 50,000 per month, including notes of Rs. 2,000 denomination, Amazon said. The cash load at doorstep service b...
-
Amazon Pay India Faces Penalty of Over Rs. 3.06 Crore by RBI for Non-Compliance
The Reserve Bank of India on Friday said it has imposed a penalty of over Rs. 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. "It was observed that the entity was non-compliant with the directions issued by RBI on KYC re...
-
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).
-
WhatsApp Pay India Head Manesh Mahatme Said to Quit Firm Ahead of Plans to Ramp Up Payments Service
WhatsApp Pay India head Manesh Mahatme has quit the company ahead of the service's plans to expand in the country and compete with Alphabet's Google Pay, Ant-backed Paytm, and Walmart's PhonePe. The executive, who joined the Meta-owned messaging service in April 2021, is said to have joined Amazon India as director of product in the company's e-com...
-
RBI Bars Fintech Companies From Loading Cards Using Credit Lines: 10 Points to Understand the Move
The Reserve Bank of India (RBI) has issued a notice to all non-bank entities offering payment instruments to restrict them from loading instruments including prepaid cards using credit lines. Fintech companies are currently assessing the situation.
-
After PhonePe, Paytm Starts Taking Surcharge on Mobile Recharges
Paytm has followed in the footsteps of PhonePe and started taking a surcharge for mobile recharges.
-
PhonePe Continues to Take on the Competition in UPI App Ecosystem With Over 46 Percent Share: NPCI
PhonePe has broadened the gap for platforms including Google Pay and Amazon Pay by expanding its market share to 46.04 percent in June, the data released by the National Payments Corporation of India (NPCI) has shown. WhatsApp Pay, on the other hand, has continued its marginal share of 0.02 percent.
-
Amazon Pay Later Reaches 2 Million Customer Sign-Ups Since Launch in India
Amazon Pay Later has reached the milestone of two million customers who signed up for the service in a little over a year since its launch, Amazon announced on Monday.
-
WhatsApp Said to Hire Amazon Pay’s Manesh Mahatme to Lead India Payments Business
WhatsApp is said to hire Manesh Mahatme, who has worked at Amazon Pay for nearly seven years, to head its payments business. With more than 500 million users, WhatsApp counts India as its biggest market.
