All articles by Verdict Staff
Verdict Staff
NPCI online payment solution goes live
National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in the country, has announced that its online payment system Unified Payments Interface (UPI) is live and currently available for customers of 21 banks.
Hong Kong Monetary Authority grants SVF licences to five payment firms
The Hong Kong Monetary Authority (HKMA) has granted stored value facilities (SVF) licences to five SVF service providers under the Payment Systems and Stored Value Facilities Ordinance to regulate electronic payment business in the country.
Walnut partners with Visa, ICICI Bank for bill split, P2P money transfer features
India’s personal finance management app Walnut has partnered with Visa and ICICI Bank to launch new features, including bill split over chat and peer-to-peer (P2P) money transfer to bank accounts using only debit cards.
Monetary Authority of Singapore proposes regulatory framework for payments
The Monetary Authority of Singapore (MAS) has released a consultation paper on proposed changes to the payments regulatory framework and setting up a National Payments Council.
First National Bank of Omaha to pay $35m over illegal credit card practices
First National Bank of Omaha has been ordered by the US Consumer Financial Protection Bureau (CFPB) to pay more than $35m in compensation and fines to nearly 257,000 consumers for deceptive marketing practices and illegal billing with credit card add-on products.
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Shopify rolls out card reader and PoS app in UK
Shopify, a Canadian e-commerce company, has introduced its PoS app and card reader for merchants in the UK.
VGI snaps up 90% stake in Rabbit Card to foray into e-payments space
Thailand-based VGI Global Media has acquired nearly 90% stake of the Rabbit Card from BTS Group as part of its strategy to forays into the e-payment business.
Grab selects Adyen as its payment solution partner
Grab, a Singapore-based ride-hailing platform, has selected payments technology company Adyen to extend the capabilities of its GrabPay platform in Indonesia, Philippines, Thailand and Vietnam.
Razorpay collaborates with PayUmoney to expand users payments option
Razorpay, a payments platform for e-commerce businesses in India, has partnered with PayUmoney to offer all merchants under its platform multiple options of collecting online payments from customers.
Hitachi, BTMU partner to test blockchain for cheque issuance in Singapore
Hitachi and Bank of Tokyo-Mitsubishi UFJ (BTMU) have started Proof of Concept (PoC) testing for using blockchain technology for digitalization of cheque in Singapore.