Friday, September 20, 2024
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Unified Payments Interface

Paytm Payments Bank will earn additional interchange revenue from merchants acquired by other payment service providers (PSP), payment gateways (PG) and payment aggregators (PA)

India's home-grown payment products like UPI and RuPay network are increasing their global footprint and will make cross-border payments easier, Das said while inaugurating the Payment System Operators (PSO) Conference

He also said the overall monthly digital payment transactions crossed over Rs 1,000-crore-mark each month during the past three months

The fintech unicorn will award double reward points for payments made to their partner merchants, besides deals on brands and cashback on transactions

The report by Chiratae Ventures and Ernst & Young also stated that it expects the industry to have $1 trillion in assets under management by 2030