Fintech News
MobiKwik gets RBI approval for offline PA license
MobiKwik said it is targeting a 10x expansion in its merchant payments segment by FY28.
TOPIC COVERAGE
#Offline Merchant Payments Business
Explore the latest news, in-depth reports, and executive analysis tagged with #Offline Merchant Payments Business.
Fintech News
BharatPe ropes in Himanshu Verma from Pine Labs as head of POS biz
In his new role, Verma will focus on driving merchant adoption, strengthening distribution, and scaling the company’s offline payments ecosystem.
Deepdives
After PayU walked away, BillDesk steps in to acquire Worldline
BillDesk is one of the few major payment aggregators in the country with no offline play.
Fintech News
Razorpay gets offline PA license from RBI
With the PA-P license, Razorpay now holds all three key RBI authorisations for payments, online, offline, and cross-border.
Deepdives
Exclusive: Bajaj Finance reworks PoS strategy as regulatory landscape shifts
The shift in strategy comes as Bajaj Finance looks to reduce capital expenditure and avoid the regulatory obligations.
Deepdives
Exclusive: Fiserv India looks to sell its fuel payments business
Fiserv has been reaching out to payments companies and banks since past few weeks, industry insiders informed.
Deepdives
Exclusive: PayU India in final talks to acquire PoS player
PayU has been seriously exploring a buyout in offline space for quite some time now. It also had talks with two other companies.
Fintech News
Paytm parent restructures to bring entities under direct ownership
Paytm has also approved the transfer of its offline merchant payments business to its wholly-owned subsidiary, Paytm Payments Services Ltd.
Money & Machines
RBI brings the wild west under regulatory fold; Hello, AI friend
Sep 19th Edition: We look at the RBI’s unified master directions on payment aggregators and what it means; and how AI companions could be the next big bets for Indian VCs.
Explainer
Exclusive: Razorpay's offline payments head Kunal Gothivarekar moving out
The exit comes at a time when Razorpay has been aggressively pushing its offline payments vertical in its overall portfolio.