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The proposal, which has yet to be finalised, would subject such companies to the same kind of supervision currently imposed on banks, with agency examiners inspecting compliance with laws on unfair or deceptive practices and privacy protections, as well as scrutinising executives' conduct.
Razorpay, Cashfree, Paytm and PayU cannot add merchants for their online payments business, this has allowed their rivals to grab market share
Happy Monday! Almost a year after the countrys central bank imposed a freeze on onboarding new merchants for online payment firms, they have been forced to scout for alternative revenue sources.
The National Payments Corporation of India (NPCI) has instructed third-party UPI apps and banks to deactivate inactive UPI IDs and numbers that have b
The National Payments Corporation of India (NPCI) has asked payment apps and banks to deactivate UPI IDs and numbers that have been inactive for over