Amazon Pay Fined Rs 3.06 Crore For Non-Compliance With Norms
Amazon Pay is the digital payment arm of e-commerce giant Amazon.Mumbai: The Reserve Bank of India today said it has imposed a penalty of over Rs 3.06 crore on Amazon…
Amazon, Google Among 54 Entities Granted Payment Aggregator License by RBI
The Reserve Bank on Wednesday released a list of 54 entities, including Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments, which can continue to operate…
WhatsApp Pay India Head Manesh Mahatme Said to Quit Firm: Details
The head of WhatsApp’s India payment business, Manesh Mahatme, has quit after more than a year with the Meta Platforms-owned company to join Amazon India, a source told Reuters on…
RBI Orders to Limit Lending by Fintech Companies: All Details
The Reserve Bank of India (RBI) this week issued a notice to all non-bank prepaid payment instrument (PPI) issuers in the country to restrict them from loading instruments including prepaid…
Fintech Players Stop Customers’ Transactions After RBI Order
Prepaid payment instruments are learnt to have stopped customers transactions on their prepaid cardsPrepaid payment instruments (PPIs) are learnt to have stopped customers’ transactions on their prepaid cards in reaction…
YES Bank Partners With Amazon Pay For UPI Transactions: Check Details
YES bank has developed a cloud-native UPI processing platformYES Bank today announced that will collaborate with Amazon Pay and Amazon Web Services (AWS), to offer an instant real-time payment system…
PhonePe Broadens Gap for Google Pay in UPI Transactions, NPCI Data Shows
PhonePe has continued to dominate the Unified Payments Interface (UPI) app ecosystem in India and expanded its market share to 46.04 percent in June, according to the data released by…
Amazon Pay Later Hits 2 Million Sign-Ups Mark in India
Amazon Pay Later has reached the milestone of two million customers who have signed up for the service in a little over a year since its launch, Amazon has announced.…