India

Netcetera and G+D Launch New 3DS Server in India to Enhance Digital Payments

Netcetera, a Swiss software company providing digital payment solutions, and Giesecke+Devrient (G+D) have launched a new 3D Secure (3DS) server instance in Mumbai, India, marking a significant step in supporting the expansion of global businesses into the region. This move comes

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Visa, Mastercard to Stop Commercial Card Payments via Fintech Intermediaries in India

The Reserve Bank of India (RBI) has directed major card networks Visa and Mastercard to pause transactions involving card-based payments for commercial services like rent or vendor payments that are processed through third-party fintech companies, according to Reuters. This directive,

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Mizuho Bank Invests Over US$144M in Credit Saison’s Indian Subsidiary

Japan’s Mizuho Bank has announced an investment of up to INR 12 billion (US$ 144.43 million) for a 15% equity stake in credit card issuer Credit Saison’s Indian subsidiary, Kisetsu Saison Finance (India). This move is part of Mizuho’s strategic

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Nium Scores In-Principle Approval for Two Key Payment Licenses in India

Global payments platform Nium has obtained in-principle approval from the Reserve Bank of India (RBI) for two critical payment licenses, enabling the firm to broaden its range of financial products in India. Having secured the Prepaid Payment Instrument (PPI), Nium

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Temasek Divests Entire Stake in PolicyBazaar’s Parent Firm for US$292M

Singapore’s sovereign wealth fund Temasek has offloaded its entire holdings in PB Fintech, the parent company behind insurance broker PolicyBazaar and consumer credit marketplace PaisaBazaar, according to Mint. This transaction, completed through a block sale, is valued at approximately INR

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Delhi High Court Cracks Down on Accounts Impersonating Peak XV, Sequoia Capital

The Delhi High Court has mandated major social media platforms, including Telegram, WhatsApp, and YouTube, to dismantle accounts linked to a mobile number accused of impersonating venture capital firms, Peak XV Partners and Sequoia Capital. This directive follows revelations of

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Google Pay and NPCI Join Forces to Expand UPI for Indian Travelers Abroad

Google India Digital Services and NPCI International Payments (NIPL), a subsidiary of the National Payments Corporation of India (NPCI), aim to provide Indian consumers with more flexibility in making digital payments overseas. This collaboration, formalised through a Memorandum of Understanding

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Major Crypto Exchanges Vanish from Google Play Store in India

Following the footsteps of Apple Inc. earlier last week, Google has removed several prominent crypto exchanges from its Play Store in India, according to a TechCrunch report. Among the affected crypto firms are Binance, OKX, Kraken, Huobi, Gate.io, Bittrex, and

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Paytm to Invest 100 Crore in GIFT City, Aims to Set Up New Development Center

Indian payment firm Paytm‘s parent company One97 Communications Limited (OCL) announced that it will invest Rs 100 crore (US$ 12 million) in Gujarat International Finance Tec-City (GIFT City). The investment, which will be made over a certain period, is still

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Apple Removes Several Offshore Crypto Exchanges From India App Store

Apple Inc. has removed several major offshore crypto exchanges namely Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex from its App Store in India. According to CoinDesk, this action follows closely on the heels of compliance notices

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