India’s digital wallets to get transfer boost and incentives for KYC
Digital payment wallets could be bolstered in India following changes to allow interoperability between wallets as long as users are…
Unified Payments Interface – UPI
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PayByFace, GlobalPlatform release APIs to improve customer experience, biometric authentication
Biometric fintech PayByFace has introduced a Developer Portal to give third-party developers early access to several application programming interfaces (APIs)…
Biometric and data regulations block Apple Pay in India
Apple has scrapped plans to launch a platform on India’s Unified Payments Interface (UPI) platform, which would have enabled Apple…
Indian regulatory body to shut down “Pay to Aadhaar” system
The National Payments Corporation of India (NPCI) has instructed the country’s banks to discontinue Aadhaar-based payments using the Unified Payments…
Mobile Payment Forum of India to intro voice authentication
The Mobile Payment Forum of India (MPFI), a think tank, is looking to introduce several new user-friendly features such as…
India’s mobile payments interface to include pre-authorized payments, biometrics
National Payments Corporation of India (NPCI) Ltd. plans to launch an update to its Unified Payments Interface (UPI) system later…
Indian banks testing blockchain, AI, biometrics, open API and payments
Several Indian banks are testing and launching new technologies including blockchain, artificial intelligence, biometrics, open API and payments, in both…
Fintech startup Simpal developing payments device with iris recognition
Leveraging the Unified Payments Interface (UPI) platform, Fintech startup Simpal Mobile Payments and Information Services is developing a payment device…
Paytm to launch Indian bank using mobile technology, biometrics
In 2015, Paytm received a license from the Reserve Bank of India to start India’s first payments bank. The bank…
India launches new digital payment scheme
National Payments Corporation of India (NPCI) Ltd. launched its new Unified Payments Interface (UPI) system on Monday. A P Hota,…
