Author: Bfsinxt Desk

DASH will be using Cashfree Payments’ point of sale solution,  ‘softPOS’, to offer this service to more than 2,000 small merchants in Tier-3 areas.

Around 80% of monthly active users on PhonePe have tokenized their cards following RBI’s tokenisation guideline and nearly 100% of eligible transactions on the app are securely processed via tokens now, PhonePe said.

As part of the MoU, GIFT City and Yes Bank to promoted fintech innovation and a fintech accelerator for encouraging, promoting and supporting fintech startups.

Dharmarajan Sankara Subrahmanian, Founder Director & CEO, Impactsure, said, “The amount raised in this round will be utilised for key talent acquisition and resources retention, customer acquisition, geographical expansion, branding, marketing & business development; and towards IP, digital product assets & technology tools, infrastructure.

The Payments Infrastructure Development Fund was set up by the Reserve Bank of India (RBI) to subsidize deployment of Points of Sale (PoS) infrastructure (physical and digital modes) in Tier-3 to Tier-6 centres and North Eastern States of the country. 

Kotak Mahindra Bank on Wednesday announced that it has approved Shanti Ekambaram’s appointment as Whole Time Director of the bank. Ekambaram’s appointment is for a period of three years, with effect from November 1, 2022 or from the date of regulatory approvals, whichever is later.

Abhishek Deshmukh, Branch Banking Head – Maharashtra, said, “HDFC Bank is present in every district and over 280 talukas in the state. With the expansion plan, our presence will increase further, and it will also generate employment for over 3,000 people. HDFC Bank is committed to growth of Maharashtra and a testimony of the Bank’s commitment is that the Bank’s Credit to Deposit Ratio is over 100% in 29 districts of the state.”

Recently, a discussion paper was floated by RBI proposing a tiered charge framework for UPI payments. The paper also proposed replacing the zero-charge framework for UPI transactions with a subsidy. However, the government issued a statement saying it wouldn’t impose any charges on UPI.

KreditBee’s 6 million+ customers can avail the online checkout finance facility from Cashfree Payments’ 1.5 lakh+ merchant partners, including leading brands like Nykaa, EaseMyTrip, Livspace, Gonoise, Wakefit, among others.

Jupiter, a new-age digital banking platform has partnered with RazorpayX, the neo-banking arm of Razorpay to provide a comprehensive payroll platform for companies to ensure a seamless and on-demand banking experience for their employees.