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UPI: New PoS deployment grows at slowest pace since demonetisation: RBI data

Industry insiders told us that while new PoS terminals are still being deployed, its mostly in organised and large format retail, which offer all payment forms. However, grocery shops, smaller stores and eateries are tilting towards QR code-based UPI transactions.

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Cred receives in-principle approval from the RBI for payment aggregation business

Cred has received in-principle approval from the RBI for the payment aggregation business. Once the final approval is granted, Cred can expand its merchant payments business. Read more about this development in the fintech industry.

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Cred gets RBI's in-principle approval for payment aggregator business

Cred gets RBI's in-principle approval for payment aggregator business
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Fintechs push for cross-border payments; Chiratae's $70 million portfolio sale

Happy Wednesday! Razorpay, Cashfree, PayGlocal and other fintech startups are seeking a licence for facilitating cross-border payments from the RBI. This and more in todays ETtech Morning Dispatch.

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innoviti payments: Innoviti Payments, Concerto Software get RBI payment aggregator licences

Innoviti, Vegaah, and Concerto Software secured RBI s online payment aggregator license. CCAvenue from Infibeam Avenues also received the license, offering unified payment experience and omnichannel service.

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