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ICICI Launches Eazypay Mobile App For Merchants

27Dec By NitishNo Comments

News

ICICI Launches Eazypay Mobile App For Merchants

In what it claims to be a first in the country leading private sector lender ICICI Bank today launched 'Eazypay', an app for merchants, retailers and professionals to accept payments on mobiles from multiple digital modes. The Eazypay, based on the Unified Payment Interface (UPI) of the National Payment Corporation, allows a person to make payments through credit/debit cards and online banking, and also through the 'Pockets', which is the digital wallet of ICICI Bank, the bank said in a statement. Any current account holder of ICICI Bank can instantly download the Eazypay app and start using it, it said, adding the facility can also be used by non- ICICI Bank customers. The app is available on smartphones with Android operating systems now and will shortly be available on the iOS ...

26Dec By AdityaNo Comments

INDIA

Prime Minister Unveiled 2 Lucky Draw Schemes To Promote Cashless India Vision

With an eye on cashless economy, Prime Minister Narendra Modi today unveiled two schemes "Lucky Grahak Yojana and Digi Dhan Vyapaar Yojana" for customers and traders alike to promote mobile banking and e-payments. Making his last monthly address this year in his Mann ki Baat programme, he said there is "an atmosphere of curiosity" in the country as to what is cashless, how cashless business can take place and how one can make purchases without using cash. "To encourage this trend, strengthen mobile banking and inculcate the habit of making e-payments, the government is launching from today encouragement schemes for consumers as well as traders. To encourage customers, the scheme is Lucky Grahak Yojana and to encourage traders, the scheme is Digi Dhan Vyapaar Yojana," he said. Modi...

Paytm to Complete 2 Billion Transactions This Year: VSS, Paytm CEO

8Dec By AdityaNo Comments

Entrepreneurs Talk

Paytm to Complete 2 Billion Transactions This Year: VSS, Paytm CEO

On its way to complete two billion transactions this year surpassing its own expectations, Digital payments platform Paytm today said it aims to become universal payments app across every bank account. The company also said it aspires to enter the US market in the long run as it sees an opportunity there. "Today Paytm is on the way to complete 2 billion transactions this year. I personally did not expect 2016 to end on such number. Our numbers are at 2 billion transactions this year, which in turn will enable us to become really the transaction layer on top of every bank account," Paytm Founder and CEO Vijay Shekhar Sharma told reporters here. He said, "With connectivity with the UPI (Unified Payment Interface)we will become the payment app for every bank account. With UPI support Paytm ...

MobiKwik launches Unified Payments Interface (UPI) on Its Platform

13Oct By AdityaNo Comments

News

MobiKwik launches Unified Payments Interface (UPI) on Its Platform

MobiKwik, an Indian mobile payments network and mobile wallet announced that it has launched UPI on its platform. MobiKwik users can now load their wallet with e-cash using UPI. The company already has options of netbanking, credit & debit card and the exclusive cash pick up & cash deposit service for wallet loading. Speaking on the announcement, Mrinal Sinha, Chief Operating Officer at MobiKwik said, “MobiKwik users now have an additional option for real time wallet loading with UPI. Users can use their MobiKwik e-cash at over 100000 online and offline merchants across India.” Unified Payments Interface (UPI) is an additional layer of payment architecture built upon the IMPS (Immediate Payment Service) mobile payments system which allows customers to transfer money across differ...

Razorpay India’s First Payment Gateway Launched UPI For Merchnats

23Sep By AnkitaNo Comments

News

Razorpay India’s First Payment Gateway Launched UPI For Merchnats

Razorpay is India’s first payment gateway to launch Unified Payment Interface (UPI), for its 10,000+ merchants. The option will enable customers to make online payments via UPI in addition to netbanking, wallets and credit/debit cards. This will be the first large-scale rollout on the merchant side and does not require the addition of any code to start offering UPI payment options to their customers. All of Razorpay’s merchants will have access to receiving payments via UPI starting today. UPI is a unique payment solution built to empower customers to initiate payment requests through their smartphone. It provides a Virtual Payment Address (VPA), through which users can send and receive money on a two-factor authentication. “In keeping with our robust technology, our systems will aut...

India Lays Foundation For a Fintech Revolution

18Sep By reutersNo Comments

BLOGS

India Lays Foundation For a Fintech Revolution

India is setting a new global standard in fintech. A new instant online payments system, tied to national biometric identity data, launched in recent weeks. Together with an explosion in smartphone usage, this could help the world’s fastest-growing large economy skip traditional financial infrastructure like cash machines, debit cards and point-of-sales machines – speeding up a move to a cashless economy. The so-called “Unified Payment Interface” is unlike anything available in China or the United States. It enables secure, real-time transfers from one person to another, or to a company. UPI enables individuals and businesses to manage money held across multiple accounts at various banks through a single mobile application – and not one that necessarily belongs to the customer’s own ban...

Jugnoo Introduces Unified Payment Interface Upholding Cashless Economy

2Sep By AdityaNo Comments

News

Jugnoo Introduces Unified Payment Interface Upholding Cashless Economy

Perpetuating the futuristic and simpler mode of payment, Jugnoo announces the integration of Unified Payment Interface (UPI). With this roll out, Jugnoo sends out a strong and profound message that digital transactions are the future of Indian economy. The leading auto-rickshaw aggregator is of the opinion that this integration is aimed at detangling payment complexities for customers who have not yet adapted to payment gateways and wallets. Furthermore, this assimilation is touted to aid in increasing digital transactions, which is currently pegged at a Y-O-Y growth of 40 percent. "There is a lot of friction in the current digital payment ecosystem. Although slowly and steadily people are getting used to shopping and paying online in India, there still is a vast majority in the ...