India

PayPal launched a new merchant app called PayPal for Business, aimed at driving usage and adoption of its invoicing and payments services among freelance workers and small businesses in India.

London-based TransferGo is using Ripple’s blockchain platform to support digital money transfers from Europe to India. But TransferGo isn’t the first remittance company to work with Ripple — and it isn't on the same path that others have taken.

The Face Login will enable users of the Paytm payment platform to log into the app simply by looking into their phones, a move designed to add a biometric layer to prevent phishing attacks.

Flipkart, an Indian e-commerce company which Walmart bought in August, has launched a cardless credit program for consumers and is expected to apply for an NBFC licence, or a classification as non-bank that provides credit and other financial services in India.

Google has a validated and ready to roll out mobile payments model that it has developed in less than one year, writes Daniel Döderlein, CEO and founder of Auka.

The new optimism is fueled by rising standards of living, increases in smartphone usage and cheap data plans that are boosting internet penetration across the nation. Perhaps most important, India is the last big retail market still up for grabs, with an internet economy projected to double to $250 billion by 2020.

Tez, Google's payment app for the Indian market, is joining the Google Pay family in preparation for a global rollout.

Remitly’s moves are clearly in response to the growing competitive pressure being placed in a key U.S. outbound corridor.

After warnings of an impending major ATM cash-out had bank security teams working overtime last weekend, crooks made off with over $13 million over the weekend in a double attack on India’s venerable Cosmos bank.

Texas-based digital gift card platform company Swych has launched a gift card service for instant cross-border gifting to India following its recent acquisition of GiftCardsIndia.