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PayFast Becomes First Pakistani Payment Gateway to Get Commercial License from SBP PayFast — the indigenous payments solution by APPS (Avanza Premier Payment Services) — is now the first payment gateway in the country to receive a commercial license from the State Bank of Pakistan (SBP) under its rules for the Payment System Operators/Providers (PSO/PSP). APPS is approved for pilot operations by the SBP, and it empowers the multi-instrument acceptance of Scheme Cards, Mobile Wallets, and Bank Account Numbers through its payment gateway PayFast. PayFast enables merchants, billers, and agg...
Paytm, PhonePe, Google Pay, other mobile wallets to be interoperable from April 2022 Beginning April 2022, a mobile wallet user, who is fully vetted and has fulfilled all KYC norms, will be able to send and receive money from various mobile wallets BusinessToday.In | May 20, 2021 | Updated 11:57 IST The RBI had first issued guidelines for the adoption of interoperability on a voluntary basis for full-KYC PPIs in October 2018 The Reserve Bank of India (RBI) has issued a circular asking all licensed prepaid payment instruments (PPIs) or mobile wallets such as PhonePe, Paytm, Google Pay and Mob...