Fave Pay News Today

To enhance digital transactions and computerised forms of banking, NPCI or National Payments Corporation of India launched UPI in 2016. NPCI launched UPI or Unified Payments Interface right after the nation went into the demonetisation phase. This proved a turning point in the nation’s economy as they promoted “Cashless and Digital India”.   Ever since UPI has opened convenient gates to transacting efficiently online and eliminated the cash requirement. Again, if you wonde...

37Shares Pine Labs, an Indian merchant commerce platform, has bought Malaysian startup Fave for RM185 million (~US$45 million). If you’re unfamiliar with Fave, then you may remember its previous iteration, Groupon Malaysia. ADVERTISEMENT As part of the acquisition deal,  Fave is now able to expand its reach to India. Expected to be available later this year, the Fave app can then be used at 500,000 merchant network points powered by Pine Labs across 3,700 cities throughout the country. A ren...