Banks, merchants race to meet card tokenisation deadline
The banks and merchants have asked their customers to tokenise their debit and credit cards ahead of the June 30, media reports said.
Mumbai/IBNS: The Reserve Bank of India (RBI) announced three key measures on Wednesday to make the Unified Payments Interface (UPI) transactions more efficient.
RBI to geotag payments to increase the reach of digital payments
Mumbai/IBNS: The Reserve Bank of India on Friday (October 8) introduced geotagging of payments system to improve the payment acceptance infrastructure.
WhatsApp Pay Continues Struggling Months after Launch
The Facebook-owned messaging giant caused Indian regulators some initial concerns with its dominant market share. The RBI and the NPCI imposed substantial limitations to its payment service back in November when effortless adoption rates were predicted. Yet, its actual market penetration (under India’s own UPI) is way below expectations.
Will the new market share cap on UPI apps affect the user experience?
UPI has undoubtedly become the face of a cashless India. The use of this ingenious payment interface has made it possible to make swift and simple digital transactions. So it is hardly a surprise that as many as 2 billion UPI transactions took place in the month of October alone! In the midst of this exponential growth in the UPI industry, the National Payments Corporation of India (NPCI) has made a rather shocking announcement that has ruffled many feathers amongst Third-Party Apps like Google Pay and PhonePe.
Online Payment Platforms Accepted By Online Casino Sites
Since the world has substituted physical appearance for the online world, the need to pay for goods or services online became inevitable. According to professionals in the field, paying online has many advantages. Contrary to popular belief, paying online is safe, secure, and there is nothing to worry about when you use your funds to pay online. However, people are still skeptical of hearing the famous cha-ching sound when they still don’t know what happened to their money. However, online payment platforms like PayPal are very user-friendly, convenient payment methods that make online payment a very comfortable customer experience.