RBI appoints a 5-member committee headed by Nandan Nilekani to suggest ways to improve digital payments

The Reserve Bank of India (RBI) has appointed a 5-member committee headed by Nandan Nilekani to suggest ways to improve digital payments. The committee will review the existing status of digitisation of payments in the country, identify the current gaps ..

Paytm becomes official umpire partner of Indian Premier League (IPL) for 5 years

On 12th March 2018, the Board of Control for Cricket in India (BCCI) has announced its association with Paytm as the Official Umpire Partner of the VIVO Indian Premier League for the next five years. Paytm is also the Title ..

PhonePe partneres with Indian Oil Corporation Limited for deployment of PoS terminals

PhonePe, the online payment service provider, has partnered with Indian Oil Corporation Limited (IOCL) to deploy its own Point of Sale (POS) payment terminals across all IOCL retail outlets nationally. As part of the pilot program, PhonePe PoS devices have ..

OBOPAY secures PPI license from Reserve Bank of India (RBI)

OBOPAY, the global mobile payment solutions company, has recently secured a license for Prepaid Payment Instrument (PPI) from the Reserve Bank of India (RBI) to operate a semi-closed loop wallet in India. Using the PPI license, OBOPAY will solve various ..

IDFC Bank partners with MobiKwik for co-branded virtual Visa prepaid card

The IDFC Bank has entered into a strategic alliance with mobile wallet major MobiKwik to launch a co-branded virtual Visa prepaid card for customers of MobiKwik. The customers of MobiKwik can generate a 16-digit Visa virtual card through the app ..

BSNL launches “BSNL Wallet” with MobiKwik

The Bharat Sanchar Nigam Ltd. (BSNL) has launched its mobile wallet “BSNL Wallet” in partnership with MobiKwik to enable one-tap bill payment for its over 100 million subscribers. This digital wallet was launched at an event by Manoj Sinha, Minister ..