All articles by vidhya munnangi

vidhya munnangi

Philippines ends ban on electronic money issuers 

NBFI applicants are advised to submit proposals that are backed by market research and data-driven analysis to obtain a licence. 

Payinstacard opens new office in Hyderabad, India  

Payinstacard aims to increase its workforce to 100 employees by the end of the financial year 2025-26. 

Crypto payments company MoonPay gains MiCA approval 

The MiCA framework aims to establish a unified regulatory environment for digital assets across the European Economic Area. 

Tribe Money Pools seeks to simplify group payments with new mobile app  

The app is available for download on both iOS and Android devices from 9 January 2025. 

India extends UPI market share cap deadline by two years 

The proposed cap restricts any single digital payment firm from processing more than 30% of the total UPI transaction volume.  

Alipay unveils AI-powered image search feature 

Alipay’s new image search tool is similar with WeChat’s photo scanner, launched in 2019. 

NPCI removes WhatsApp Pay UPI user limit in India 

This decision enables WhatsApp Pay to offer UPI services to its entire user base of over 500 million in the country. 

Paytech company iWallet launches Voice AI in payments 

This technology provides an alternative to manual DTMF signal entry, reducing the risk of errors and fraud. 

Reserve Bank of India opens UPI access for PPIs through third-party apps 

These third-party applications will enable PPIs to be linked to their payment service provider (PSP) handles. 

Naver Pay, WeChat Pay collaborate on mobile payments 

Naver Pay has been operational in China since September 2023, providing QR payment services through UnionPay and Alipay Plus.