payment aggregator

Bengaluru-based payment aggregator Cashfree Payments has launched a real-time risk management solution ‘RiskShield', which the company claims can help reduce fraudulent activities by up to 40%.The online merchant-focused payment player will allow the users of this product to block transactions from specific mobile numbers, email addresses, IP addresses, Card BIN, UPI handles, and card numbers ensuring better risk management and fraud compliance, the company said in a release today.Elevate Your Tech Prowess with High-Value…

PB Fintech, the promoter of Policy Bazaar, on Wednesday said its board has approved the incorporation of a wholly-owned subsidiary to carry on the business of payment aggregator. The subsidiary called 'PB Pay Private Limited' would carry on the business of payment aggregator' domestic and/or cross border or both, as may be permitted by the Reserve Bank of India, by facilitating merchants with offline and/or digital payment acceptance infrastructure or both, the company said in a regulatory filing. Elevate Your Tech…

Merchant-led digital payments provider Mswipe Technologies on Monday said that it has been granted payment aggregator (PA) licence by the Reserve Bank of India (RBI).This comes after the company received an in-principle nod from the central bank to operate as a PA in August 2022.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIndian School of BusinessISB Product ManagementVisitIIT DelhiIITD…

Happy 2024! Welcome to the first edition of ETtech’s Top 5 in the new year. Tata Group’s digital payments business, Tata Payments, has secured a payment aggregator licence from the Reserve Bank of India (RBI). This and more in today’s edition of our daily evening newsletter.Also in this letter:■ Prize money to swell for esports■ Bitcoin price hits 21-month high■ ITC’s plans for cloud kitchen bizRBI grants payment aggregator licence to Tata Pay, DigiO Tata Payments, the digital payments business of the Tata group,…

Vernacular social media platform ShareChat on Wednesday executed another round of layoffs. This and more in today’s ETtech Top 5.Also in this letter:■ FY23 financials for Euler Motors, Pilgrim■ SoftBank India’s Vikas Agnihotri leaves■ Unicommerce expands board ShareChat lays off about 200 employees across verticals Ankush Sachdeva, cofounder and CEO, ShareChatIn a bid to streamline costs and achieve profitability within 4-6 quarters, vernacular social media platform ShareChat on Wednesday said it has…

Softbank-backed Juspay is set to become a payment aggregator (PA), entering the same league as that of Razorpay and PayU.The company recently received an in-principle approval from the Reserve Bank of India to build this business.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitIIM KozhikodeIIMK Senior Management ProgrammeVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitJuspay has been…

Razorpay’s India entity’s net profit increased 19% to Rs 7.37 crore in the fiscal year ended March 31, 2022 (FY22), company filings sourced from business intelligence platform Tofler showed. Its net profit in FY21 was Rs 6.18 crore.Razorpay Software Pvt Ltd’s standalone revenue grew to Rs 1,485.6 crore in FY22, from Rs 844.6 crore in the previous fiscal year.Revenue through payment gateway and software maintenance services remained the key income generators.Revenue from operations for FY22 stood at Rs 1,481.1 crore.Both…

Payment aggregators such as CCAvenue and Pine Labs' Plural have seen an increase in onboarding of new users and gained more online merchants after top payment gateways like Razorpay, Cashfree Payments, PayU and Paytm paused new sign-ups following regulator's order and rejection of payment aggregator (PA) licence applications by the Reserve Bank of India (RBI) in some cases, at least half a dozen executives told ET. Indian banks that have their white-label payment processing offerings have also seen a rise in merchant…