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Breaking News! Cashfree is proud to announce that we've secured a cross-border payment aggregator license from the Reserve Bank of India (RBI)! This milestone propels us to the forefront of India's booming remittance market, projected to reach a staggering $129 billion by 2025. We're excited to empower businesses and individuals with seamless, secure, and efficient cross-border transactions. Follow Trustopay for more news on the fintech industry! #Escrow #fintech #trustopay

The Unified Payment Interface (UPI) has quickly become one of India’s leading digital payment methods, with a significant 38% of users making over half of their transactions through the platform, according to a LocalCircles survey. #UPI #DigitalPayments #India #Fintech #CashlessIndia #PaymentTrends #LocalCircles #UserSurvey #TransactionFees #PaymentMethods #SmallBusiness #ConsumerPreference #FinancialInclusion #DigitalEconomy #CostSensitive #Innovation #NorthNews

Real-time payments are reshaping the financial sector across Asia, with UPI-like channels at the forefront of driving cross-border solutions. This advancement signifies a shift away from traditional approaches like automated clearing houses. Recent data from the Reserve Bank of India highlights this transformation, showing a significant 41% increase in the volume of national automated clearing house transactions for August compared to previous years. In contrast, unified payment systems have seen a remarkable surge, with transaction volumes spiking by 127% during the same period. #Fintech #Payments #AsiaEconomy

📢 Cashfree Payments has received the Reserve Bank of India's Prepaid Payment Instrument (PPI) license! This new milestone, alongside their existing Payment Aggregator and Cross Border licenses, positions them to drive innovation in the payments sector. Akash Sinha, the CEO & Co-Founder, emphasized how this license will enable internet businesses to enhance user retention and growth. It's inspiring to see how fintech companies are shaping the future of digital payments. 💳 Additionally, Cashfree's recent certification from the NPCI for their UPI Switch service highlights their commitment to advancing payment solutions in India. I look forward to seeing how these developments unfold in the fintech space! #FinTech #CashfreePayments #Innovation #DigitalPayments

Gain insights into the latest developments in fintech and debt collections with #FinVeda, a knowledge-sharing initiative from Credgenics.

UPI continues to set new benchmarks. In August 2024, UPI transactions surged by 3%, reaching a record high of 14.96 billion transactions from 14.44 billion transactions in July 2024. This incredible growth underscores the increasing adoption of digital payments in India, driving financial inclusion and transforming the fintech landscape. Gain insights into the latest developments in fintech and debt collections with #FinVeda, a knowledge-sharing initiative from Credgenics that helps you stay up to date with the latest news, trends, and innovations that are driving the industry forward. #UPI #NPCI #payments #digitalpayments #digitalloancollections #debtrecovery #loancollections #bankingtech #financialservices #fintech #finance #banking #bankingindustry #nbfc #banks #bfsi #digitalbanking #technology #tech #digitaltransformation #digital #credgenics

Keeping up with the latest fintech and BFSI regulations can be challenging, but we’re here to make it easier. 🚀 Introducing Cashfree Compass - your go-to source for quick, digestible updates on the key regulatory changes shaping India’s financial landscape. In our first episode, Saurabh Maloo, Director, Regulatory Compliance at Cashfree Payments breaks down 3 critical updates - 1️⃣ e-KYC Setu: A new system designed by NPCI that helps RBI-regulated entities verify the identity of their clients securely 2️⃣ BBPS for businesses: Bharat BillPay for businesses with B2B collections & payments with a centralised platform 3️⃣ UPI Circle: A solution for users to extend the authorization to transact from their UPI account to an individual with required limits Watch the full video to know more ⏩ Stay tuned for the next update! #Fintech #CashfreeCompass #Regulations #eKYC #BBPS #UPICircle

We share with you the 23rd edition of our quarterly FinTech newsletter! #JSA #TMT #FinTech #Payments #India

🚨𝐔𝐏𝐈 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬 𝐑𝐞𝐚𝐜𝐡 𝐍𝐞𝐰 𝐇𝐢𝐠𝐡𝐬! ⚡India's UPI transactions soared to unprecedented levels in October, surpassing 𝟗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 transactions and recording a total transaction value of ₹𝟏𝟓.𝟏𝟏 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧. This surge, driven by the festive season, highlights the growing adoption of digital payments and the ongoing shift toward a cashless economy. 📈💸 #DigitalPayments #Fintech #IndiaGrowth #UPI

🌍💸 Fintech Innovations in Forex Transactions 💸🌍 Fintech is transforming Forex transactions by reducing costs, increasing speed, improving accessibility, and enhancing user experience. 🌟 Example: Paytm in India revolutionized mobile payments, bringing secure cashless transactions to millions, especially those without formal banking access. 📈 Interesting Fact: Did you know? The COVID-19 pandemic led to a 70% increase in the use of digital financial services globally. 🏠📱 Answer this question to stand a chance to win exciting prizes: Q: How do fintech innovations enhance the efficiency and accessibility of Forex transactions compared to traditional financial methods? Send your answer to: 📧 nandini.e16726@cumail.in #Fintech #Forex #Innovation #MobilePayments #DigitalFinance #ForexTransactions #OnlineCU #ChandigarhUniversityOnline #ChandigarhUniversity #CUOnline #OnlineLearning #OnlineEducation