Apple explores entry into Indian payment market with Apple Pay, eyes UPI integration & Face ID security
Apple engages with Indian authorities as it aims to launch Apple Pay and compete with established players like Paytm and PhonePe
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PM Narendra Modi inaugurates the InFinity Forum, Check details here
The InFinity Forum, a thought leadership forum on FinTech, was launched by Prime Minister Narendra Modi.
Google discontinues its plan for Google-Pay based banking service
The WSJ reported that Bill Ready, who runs Google’s eCommerce operations, “was concerned that Plex could make other banks think that Google was out to compete with them since it played a lead role in building the product.”
PhonePe reports highest UPI transactions in July; Google Pay reaches 1 billion transactions
In July, the UPI setup creates a massive sphere of 3,247.82 million transactions with added value breaching at the Rs 6 lakh crore mark for the very first time.
Coinbase allow crypto transactions with Apple Pay and Google Pay
The users can now buy cryptocurrency with linked debit cards to Apple Pay. Users will be able to buy crypto using Google Pay, later this year.
June an all time high for UPI transactions
The growth was not only significant as for increasing traction for digital payments in India but also for the revival in business activity following the ease in pandemic induced lockdowns in May.
Google now procures its USA users the convenience to send money to users in India, Singapore
Joining hands with Western Union and Wise, Google now provides the ease to its American users of transferring money to users in India & Singapore. Also, with the partnership, Western Union and Wise are expecting an expansion of their market worldwide.
Google vice-president and GM Caesar Sengupta steps down to start a ‘new journey’
Caesar Sengupta's last day at Google will be April 30, 2021.
Google Pay gets a new rebranded logo in India
The update is expected to roll out to more Google Pay users in India soon, and possibly to other markets as well.
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