Payment Aggregators News Today

The regulator has proposed stricter KYC guidelines that payment aggregators or fintechs that facilitate digital payments need to follow before onboarding merchants

The RBI said: “For face-to-face/proximity payment transactions done using cards, from August 1, 2025, no entity in the card transaction/payment chain, other than the card issuers and/or card networks, shall store the CoF data."

Razorpay, which is betting big on the PoS device market, has announced a new dynamic PoS (DQR) device for enterprises

Razorpay initiated the process to move its parent entity to India from the US in May 2023, ahead of its plans to list in the Indian bourses

Startup founders need to sit up and think about how not to take stardom for granted and how not to disappoint their fans who have stood in long queues for those precious selfies with popular entrepreneurs, notes Nivedita Mookerji.

The Reserve Bank of India (RBI), on Thursday issued orders restraining commercial transactions routed through intermediaries by a card network. The central bank, without naming the card network, said the intermediary with an arrangement with the network, did not have the authorisation to function under the Payment and Settlement Systems (PSS) Act. This led the regulator to suspend the arrangement till further notice.

The development comes on the heels of the RBI initiating regulatory actions against Paytm Payments Bank.

Paytm continues to lead in mobile payments innovation and the company is eager to enhance service offerings through partnerships with various banks, the spokesperson said.

One97 Communications Ltd (OCL) has investment from Chinese firm Ant Group Co

An inter-ministerial committee is examining foreign direct investment (FDI) from China in Paytm Payments Services Ltd (PPSL), a subsidiary of Paytm parent One97 Communications Ltd