Everything that Went Down at Global Fintech Fest 2024

NPCI launches UPI Circle and BBPS B2B platform at GFF24 - ET BFSI

UPI Circle allows primary users to delegate payments to trusted secondary users while Bharat BillPay aims to simplify B2B invoicing and payments.

RBI plans to implement uniform licensing for online and offline payment aggregators - ET BFSI

RBI announced at GFF that it is working towards streamlining its licensing process for payment aggregators by merging the requirements of online and offline entities. Read more

FSS secured the first runner-up position at NPCI Ideathon at GFF24 - LinkedIn

This win is a huge testament to the continuous innovation we are driving through the FSS Innovation Incubator Hub. Read more

For younger consumers, payments is banking. Why that’s trouble for traditional institutions - The Financial Brand

As wallets go virtual and loyalty becomes a moving target, traditional banks and fintech upstarts are locked in a high-stakes game of innovation. Read more

JPMorgan introduces Pay-By-Face system at Whataburger locations - Forbes

Biometric technology is taking another step forward in the retail space as J.P. Morgan Payments and PopID use facial recognition to process everyday transactions. Read more

How embedded payments are changing the way we pay - Payments Dive

As payments technology advances, more companies are embedding the payments process in websites and apps. Read more

Many small businesses look beyond card payments - Payments Journal

When credit and debit card facilities are unavailable at a small business, nearly one in five customers resort to another payment method at checkout. Read more

Central bank digital currency won't serve any special purpose - ET BFSI

SS Mundra, former deputy governor of the RBI, highlighted UPI's widespread usage and questioned the necessity of CBDC.

The advantages CBDC presents for the Indian economy - FSS Knowledge Hub

The country is in a great position to seize the significant advantages this ground-breaking invention has to provide. Read more

Contactless payments market worth $91.80 billion globally by 2031 - Yahoo Finance

Asia Pacific dominated the contactless payments market in 2023 and is expected to register the highest CAGR during the projected period. Read more

82% of merchants don’t have the data to pinpoint why payments fail - PYMNTS

Merchants are adopting payment vaulting not just for security, but as a strategic tool to enhance retention, reduce costs and personalize service. Read more

Japan's tourism boom is becoming a headache for its credit card companies - Nikkei Asia

As international visitors flock to Japan, their shopping and dining have put such a strain on credit card companies that some are considering charging higher fees for foreign-issued cards.