WORLDLINE
UPI integration gives a fillip to RuPay credit cards distribution
RuPay credit cards are seeing a growth in usage after linking with UPI, with its issuance at 30%, up from a mere 5% in 2022-23. The shift towards UPI-based credit cards on third-party apps like Google Pay and PhonePe poses a challenge for banks, raising concerns about customer retention and cross-selling. Fintech startup Fibe, led by Ashish Goyal, foresees a potential share struggle among top UPI apps.
New PoS deployment grows at slowest pace since demonetisation: RBI data
Industry insiders told us that while new PoS terminals are still being deployed, it’s mostly in organised and large format retail, which offer all payment forms. However, grocery shops, smaller stores and eateries are tilting towards QR code-based UPI transactions.
Groww and Worldline ePayments secure online payment aggregator licence from RBI
The PA licence will allow Bengaluru-based Groww to process online payments by itself. The licence was issued in the name of the company's subsidiary payment business Groww Pay.
Ecomm, gaming, financial services comprise 80% of online transactions in H2 2023: report
Worldline's report showcased Ecommerce, gaming, utilities, government, and financial services as online transaction leaders. In-store, grocery stores, restaurants, pharmacies dominated. UPI transactions surged as PoS terminals increased, highlighting the importance of mobile payments.
French digital payments firm Worldline to lay off 8% of its workforce
"Worldline confirms that it has initiated social processes with the relevant employee representative bodies within the Worldline group," it said in a statement.
Banking industry, fintechs hail hiking UPI payments, e-mandate caps
Unveiling the monetary policy, Reserve Bank Governor Shaktikanta Das said the limit for various categories of unified payments interface (UPI) transactions has now been enhanced to Rs 5 lakh per transaction from the present Rs 1 lakh for payments to hospitals and educational institutions.
- Go To Page 1
Temple and Panchayat payments go digital in next fintech wave
Some early pilots are running where a PoS device is being installed at the level of a village panchayat and even in temples to ensure that cash deposits move digital
French payment firm Worldline enters direct merchant acquisition in India, unveils new app
It has also launched a new business application on its new generation Android-powered smart terminals which can help merchants accept payments, reconcile their daily sales, access business loans and offer pay later options to their customers.
UPI crosses 10 billion transactions in September for second straight month
In terms of the total value of funds settled, UPI recorded Rs 15.80 lakh crore in September, slightly more than the Rs 15.76 lakh crore recorded in August.
Worldline starts its own merchant acquisition in India
French payment company has been offering digital payment services in India for years, but only on behalf of banking partners. But now it intends to acquire its own merchants for both online and offline payments.
Digital payment via UPI spikes on person-to-merchant transaction growth: Report
The number of UPI transactions in January 2018 was 151 million, and it reached 9.3 billion in June 2023, primarily driven by the growth in P2M transactions, the report by Worldline said.
Worldline joins hands with SignCatch to launch Merchant Digitisation Programme to empower MSMEs
The partnership aims to provide one-stop cloud-based Retail Solutions for MSMEs in India.
RBI grants in-principle approval to 32 entities for payment aggregator licence
Some of the entities that have got the approval include Pine Labs, Razorpay, Reliance, Google, Zomato and Worldline.
PhonePe lets users make payments on its UPI platform internationally
The current launch supports international countries in which UPI has been launched including United Arab Emirates (UAE), Singapore, Mauritius, Nepal and Bhutan
BharatPe gets in-principle nod from RBI to operate as online payment aggregator
Resilient Payments Pvt Ltd, a fully owned subsidiary of Resilient Innovations Pvt Ltd, the company that operates the BharatPe platform, received the RBI authorisation, BharatPe said in a statement.
Mind Over Money: Walking 5 km a day, scuba diving helps this yoga enthusiast CEO keep mentally fit
I like my data. I count my steps. I'm hooked up to a gadget to help me do the same. I try to walk every day without fail. It is an important part of my life. It helps me to keep physically, mentally, spiritually, and professionally fit.
Indians can soon make payments through UPI in Europe
As part of the partnership, Worldline will bring more convenience for Indian customers in the European markets by allowing merchants’ point-of-sale (POS) systems to accept payments from UPI. Later on, the Indian customers will also be able to use their RuPay debit or credit cards to make payments in Europe.
India's massive card security deadline unlikely to be extended
Tokenisation is a process by which card details are replaced by a unique code or token, generated by an algorithm, allowing online purchases without exposing card details, in a bid to improve data security.
ECB taps Amazon, four others to pitch digital euro prototype
Spain's CaixaBank, France's Worldline SA, Italy's Nexi SpA and EPI, a consortium of banks and third-party acquirers, join Amazon in winning a bid to develop prototypes, with each company focusing on a specific digital use for the euro-area currency. The five were chosen from a pool of 54 front-end providers who submitted applications in April, the European Central Bank said in a statement.
Worldline India is uniquely positioned to offer a one-stop shop for all payment needs to enable a less-cash society
This new wave of digitalisation and online payments that has swept across the country with fintech innovations and a focus on building a digital economy.
Exclusive: NPCI set to pick up 9-10% stake in government’s e-commerce project ONDC
The government’s National Securities Depository Ltd (NSDL) and Bank of India are also expected to acquire stakes in ONDC; network plans B2B entry
Contactless payments saw 6 times growth in last 3 years in India
According to Worldline India, while 25% of all transactions at supermarkets were contactless in January 2020, these transactions rose to 31% by January this year.
India saw over 100 crore card circulation in 2021: Worldline
Of the total cards in circulation, credit cards accounted for 7 per cent market share while debit cards represented 93 per cent.
From Amazon to Zomato, a big crowd at RBI doors for payment aggregator licence
At least 30 firms are learnt to have submitted their proposals, sources said, indicating that the number of applicants could increase before the September 30 deadline for existing and new non-bank firms to apply.
Worldline, Ingenico merger to aid combined entity's foray into new businesses in India
In India, Worldline is among the leading facilitators of offline merchants, while Ingenico leads in the payment gateway space.
Pine Labs eyes Asia operations of sinking Wirecard
At least four major payment deployers, including Hitachi Payments and Atos-backed Wordline Technology, have made enquiries about its sale, sources said.
Budget 2018: Fintech startups have a wishlist ready for FM
Although the government had announced several plans related to digital payments and the broader financial technology sector last year many are yet to materialise, they told ET.
Worldline SA to pay $105 million for Chennai-based MRL Posnet
The transaction will add to Worldline's margins immediately and has been financed through internal accruals.
Load More
