Browsing: Payments

Cashfree Payments, India’s leading payments and API banking company, has partnered with Global Trade Plaza, a global B2B Marketplace, to…

Vivek Lohcheb, Head of Offline Business at PhonePe said, “The PhonePe POS device, a one-stop solution, empowers our merchant partners to elevate the purchasing experience for their consumers. It features a unified and cohesive interface that supports various modes of payment, providing convenience and flexibility. By accepting credit and debit transactions, merchants can expect an increase in their average ticket size, ultimately driving overall business growth. With PhonePe’s extensive network of over 3.5 crore merchants nationwide, our goal is to expand this solution pan India and deploy 150,000 devices by next year.

Indian exporters face challenges with e-FIRS (Foreign Inward Remittance Statement) generation, which requires 2-3 weeks and multiple bank follow-ups. With this partnership, Cashfree Payments will provide e-FIRS to Tazapay merchants, complete with remitter & buyer details, for all their transactions within one business day.

PhonePe plans to deploy the new funds to make significant investments in infrastructure, including the development of data centers and help build financial services offerings at scale in the country.

Ajay Adiseshan, Chairman and Managing Director, PayMate says, “We are elated to receive in-principle authorization from RBI to operate as a Payment Aggregator in India. With digital payments fast becoming ubiquitous, these measures buoy customer confidence and trust and help us adopt appropriate frameworks for managing risk.

Ajay Adiseshan, Chairman and Managing Director, PayMate further adds, “We are expanding into Singapore and Sri Lanka to offer B2B payments and working capital solutions for businesses. The PayMate platform provides an interface to simplify the payments and collection process for our customers and their suppliers, dealers/distributors, and commercial credit cards enablement to make timely payments, manage cash flows and end-to-end reconciliation.” 

National Payments Corporation of India (NPCI) on October 10th launched NPCI Partner Program (NPP) with an intent to collaborate with various Technological…

Simpl on September 27 announced a tie-up with CCAvenue for a seamless checkout experience for enabling frictionless checkout and pay…

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.