Page 33 - Pine Labs News Today

Deeptech firm Mindgrove Technologies said that it has received $2.325 million in seed funding, or roughly Rs 19.5...

Pine Labs and Thomas Cook India Ltd have partnered with National Payments Corporation of India, in a pioneering initiative to ensure safe, seamless, convenient merchant payments via UPI for foreign nationals from G20 countries.

B2B payments unicorn Pine Labs has launched Dukaan Studio, a new venture to help kirana store owners modernise their stores.

With 62% of online shoppers preferring COD in 2022, D2C brands eyeing the $300 Bn India opportunity will need to enable early cash remittance

So far, despite the initial pushback from the industry when a ban on pre-paid instruments was announced, it has been a light-touch regulatory approach. That’s the stance that the RBI should stay with if Indian consumers are to continue to benefit from the efficiencies which digital payments offer

The Reserve Bank of India (RBI) released detailed lists of entities allowed to function as payment aggregators and those who aren't.

The regulator said applications of 18 others are being assessed

Paymate India, Razorpay Software, and Zomato Payments are among the PAs that have been granted in-principle authorisation

RBI said that the current application status of payment aggregators who are in the ongoing process will be updated on a fortnightly basis for more transparency.

Payment aggregators will facilitate payments to merchants by offering their technology platform and won’t be involved in settlement of funds.