Online Payment App

Four people have been arrested here for allegedly sending activated SIM cards to Vietnam to be used for gaming and social media applications and they received payments on a cryptocurrency platform banned in India, police said on Sunday.

Flipkart launched the Unified Payments Interface (UPI) service in collaboration with Axis Bank. The Flipkart UPI will be initially available for Android users and can be used for online and offline payments. With the latest update, customers can now pay bills and make fund transfers directly from the Flipkart app.

Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...

A group of Apple users have filed an official lawsuit accusing the iPhone-maker for not expanding its array of peer-to-peer payment services and especially restricting crypto payments. The plaintiffs, in their complaint, have accused Apple of blocking crypto payments that forced some of its users to continue paying in ‘rapidly inflating prices’...

Scammers' messages are often cleverly crafted to appear as if they are from official electricity departments, adding to the deceptive nature of the scam.

American online payment gateway PayPal on Wednesday moved the Delhi High Court against an order which ruled that it was a "payment system operator" under the Prevention of Money Laundering Act (PMLA) and has to thus comply with "reporting obligations" under it.

Google Pay has introduced new UPI Lite services on its platform to make digital transactions a seamless experience. With UPL Lite, users will be able to perform quick digital payments with just one click, without the need to enter the UPI PIN that is used for Google Pay transactions. However, there are a few limitations in order to ensure the money...

Nokia 110 4G and Nokia 110 2G have been launched in India. The new phones include wireless FM radio support and an inbuild Unified Payments Interface (UPI) payment app. The are available for purchase on the official Nokia India website, as well as online and offline retail stores.

A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced a partnership with PayNow, the online payment system of the city state, for cross-border payments. The facility is offered through SBI's Bhim SBIPay mobile application and the linkage will al...

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).

Amazon has announced that it will roll out its 'Buy With Prime' button to allow merchants to sell products using its payment and delivery services outside it's shopping platform. The invite-only launch that was made available in April last year will be widely available to merchants in the US by January 31, according to the e-commerce firm.

Paytm has shared an update with the exchanges about its 100 per cent subsidiary, Paytm Payments Services. The company can now resubmit the application within 120 calendar days for the payment aggregator services. Ahead of that, the company will seek necessary approval for past downward investment from Paytm into its subsidiary.

Twitter has reportedly filed papers to bag approvals to function as a payment processor for not just online, but also for crypto transactions. The development comes to light in line with Musk’s aim to make Twitter an ‘everything app’ that combines communication and financial provisions within one app.

The Reserve Bank of India (RBI) launched UPI Lite for feature phones on Tuesday, allowing Indian users to enable offline transactions for a small amount limit. The on-device wallet was launched by RBI Governor Shaktikanta Das alongside the unveiling of UPI on RuPay credit cards enabling of Bharat Bill Pay System (BBPS) for cross-border bill payment...

The Enforcement Directorate (ED) reportedly conducted raids at premises of online payment gateways including Easebuzz, Razorpay, Cashfree, and Paytm this week over the alleged irregularities in instant app-based loans. The central agency has reportedly seized Rs. 46.67 crore worth of funds kept in various bank accounts and virtual accounts.

Four people have been arrested here for allegedly sending activated SIM cards to Vietnam to be used for gaming and social media applications and they received payments on a cryptocurrency platform banned in India, police said on Sunday.

Flipkart launched the Unified Payments Interface (UPI) service in collaboration with Axis Bank. The Flipkart UPI will be initially available for Android users and can be used for online and offline payments. With the latest update, customers can now pay bills and make fund transfers directly from the Flipkart app.

Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...

A group of Apple users have filed an official lawsuit accusing the iPhone-maker for not expanding its array of peer-to-peer payment services and especially restricting crypto payments. The plaintiffs, in their complaint, have accused Apple of blocking crypto payments that forced some of its users to continue paying in ‘rapidly inflating prices’...

Scammers' messages are often cleverly crafted to appear as if they are from official electricity departments, adding to the deceptive nature of the scam.

American online payment gateway PayPal on Wednesday moved the Delhi High Court against an order which ruled that it was a "payment system operator" under the Prevention of Money Laundering Act (PMLA) and has to thus comply with "reporting obligations" under it.

Google Pay has introduced new UPI Lite services on its platform to make digital transactions a seamless experience. With UPL Lite, users will be able to perform quick digital payments with just one click, without the need to enter the UPI PIN that is used for Google Pay transactions. However, there are a few limitations in order to ensure the money...

Nokia 110 4G and Nokia 110 2G have been launched in India. The new phones include wireless FM radio support and an inbuild Unified Payments Interface (UPI) payment app. The are available for purchase on the official Nokia India website, as well as online and offline retail stores.

A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced a partnership with PayNow, the online payment system of the city state, for cross-border payments. The facility is offered through SBI's Bhim SBIPay mobile application and the linkage will al...

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).

Amazon has announced that it will roll out its 'Buy With Prime' button to allow merchants to sell products using its payment and delivery services outside it's shopping platform. The invite-only launch that was made available in April last year will be widely available to merchants in the US by January 31, according to the e-commerce firm.

Paytm has shared an update with the exchanges about its 100 per cent subsidiary, Paytm Payments Services. The company can now resubmit the application within 120 calendar days for the payment aggregator services. Ahead of that, the company will seek necessary approval for past downward investment from Paytm into its subsidiary.

Twitter has reportedly filed papers to bag approvals to function as a payment processor for not just online, but also for crypto transactions. The development comes to light in line with Musk’s aim to make Twitter an ‘everything app’ that combines communication and financial provisions within one app.

The Reserve Bank of India (RBI) launched UPI Lite for feature phones on Tuesday, allowing Indian users to enable offline transactions for a small amount limit. The on-device wallet was launched by RBI Governor Shaktikanta Das alongside the unveiling of UPI on RuPay credit cards enabling of Bharat Bill Pay System (BBPS) for cross-border bill payment...

The Enforcement Directorate (ED) reportedly conducted raids at premises of online payment gateways including Easebuzz, Razorpay, Cashfree, and Paytm this week over the alleged irregularities in instant app-based loans. The central agency has reportedly seized Rs. 46.67 crore worth of funds kept in various bank accounts and virtual accounts.