Mobile wallet company Paytm has suspended its app that allowed small shopkeepers to accept payment through cards amid ongoing cash crunch, citing risks to customer data and privacy. The new feature was designed to eliminate the need for a physical point-of-sale (PoS) terminal or a card swipe mach…
Tag: National Payments Corporation of India
Merchant banker launches Simpal Mobile Payments startup
Simpal Mobile Payments and Information Services, a new fin-tech startup founded by former merchant banker Vineet Toshniwal, is amongst the first off the blocks to take advantage of the ambitious Unified Payments Interface platform, launched last week by the National Payments Corporation of India …