Walmart-owned digital payments firm PhonePe will acquire wealth management firms WealthDesk for about $50 million and OpenQ for around $20 million. PhonePe confirmed about the deal related to WealthDesk and OpenQ, but didn’t reveal the value of the transaction. PhonePe has ...

PhonePe comes in a partnership internet exchange point, Extreme IX to enable faster digital payments. This partnership helps PhonePe to decrease the latency for its users irrespective of their location or ISP in India. PhonePe has become the first digital ...

RBI Governor Shaktikanta Das has launched UPI for feature phones called UPI123Pay. He also launched 24x7 helpline for digital payments – DigiSaathi. UPI on feature phones will help people in rural areas who cannot afford a smartphone. UPI123pay presently offers four mediums/options to ...

Mastercard and Google have announced the rollout of tokenization that will enable Google Pay users to safely transact using their Mastercard credit and debit cards while enjoying a hassle-free experience. Through tokenization, Mastercard cardholders can make payments through a secure digital token ...

Meta-owned WhatsApp has announced the Digital Payments Utsav for 500 villages in India. WhatsApp’s Digital Payments Utsav is a pilot program that promotes digital payments to empower individuals and businesses and is meant as a project to further the cause of financial ...

Bank of Baroda (BoB) has launched a solution for digital banking payments, named bob World Wave. Wearable technology is seeing tremendous interest across the globe and lenders are using this opportunity to adopt a more convenient and cashless digital payment system. This is an ...

Digital payments major PhonePe has launched a health insurance plan, Health@999, for first-time health insurance buyers. The product has a three-step process requiring users to share information such as name, age, gender, and email ID to buy the policy. The plan will cover expenses ...

BharatPe has launched $100 million worth of World’s 1st Merchant Shareholding Program (MSP) for its merchant partners. Under the program, the company offers its merchant customers an opportunity to buy BharatPe’s equity shares and become a partner. The company plans a public listing ...

National Payments Corporation of India (NPCI) the tie-up of its subsidiary NPCI Bharat BillPay with ICICI Prudential Life Insurance to provide the latter’s customers the facility of ClickPay. ICICI Prudential Life Insurance claimed it is the first insurance company to offer the facility of ...

The National Internet Exchange of India (NIXI) has gone digital by launching a ‘digital payment gateway’. NIXI is a non-profit firm under the aegis of the Ministry of Electronics and Information Technology (MeitY). It has launched the digital payment gateway across its three business units by ...