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What you need to know Google Pay users in India will soon be able to make UPI payments over NFC. The functionality will be limited to Pine Lab payment terminals, at least initially. It could take a few days for the feature to go live for all users. Google has quietly introduced a new feature that will make it a lot easier for users in India to make UPI payments at a merchant store. As reported by Needless to say, you won't be able to make contactless payments if your phone doesn't have NFC or if it lacks Play Protect certification. If you are unsure if your phone has NFC, open the Settings a...

Google Pay Now Supports UPI Payments Over NFC Advertisement Advertisement Google Pay is adding support for UPI (Unified Payments Interface) transactions over NFC in India. If you have a UPI account configured on Google Pay in your NFC-enabled smartphone, you can now easily and quickly make contactless payments for purchases at merchant establishments. UPI is an instant real-time payment system facilitating inter-bank transactions in India. According to a Google support page, the Google Pay app will open automatically when you hold your phone near to a compatible NFC terminal, given you meet...

Google Pay is adding support for UPI payments over NFC In India, Google Pay primarily revolves around sending money via UPI, the country's leading digital payment platform. It was only last year that the India-exclusive version of the app got support for debit and credit card payments over NFC. Now, Google is looking to further improve the mobile payment solution with NFC-initiated UPI payments. A Google support page explains how this will work. To make UPI payments over NFC, you'll need a Google Pay account and an NFC chip in your phone — naturally. If you meet the prerequisites, your phon...

Will Singapore's Fave succeed in India following Pine Labs acquisition? ANI | Updated: Apr 19, 2021 12:16 IST By Lee Kah Whye Singapore, April 19 (ANI): Last week, Noida based Pine Labs announced that it is acquiring Fave, one of Southeast Asia's fastest growing fintech and e-commerce startups in a cash plus stock deal. Pine Labs said in a press release that it is paying over SGD 60 million (USD 45 million) to take over the Singapore-based company. Fave's investors will receive cash whereas the founders and key Fave employees will receive cash and shares...

The acquisition also paves the way for Fave to launch its payments app in India, which will allow Indian consumers to make transactions at nearly 5 lakh physical retail points and merchants powered by Pine Labs