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Paytm To Sell, Recharge eToll Payment Tags In India 

PYMNTS

Paytm Payments Bank is teaming up with ride-hailing firms — including Ola and Uber — to enable some 100,000 drivers to buy and recharge FASTags at major cities country-wide, DealStreetAsia reported on Sunday (Feb. We are happy to partner with Ola and Uber and bring their driver-partners to the formal banking system.

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RBI To Allow Non-Bank And UPI Methods For FASTags Payments

PYMNTS

The Reserve Bank of India (RBI) has made some payment moves to boost the National Electronic Toll Collection (NETC) in the country, according to the Business Standard. . The bank is going to allow non-bank prepaid payments (PPIs) and Unified Payments Interface (UPI) to link to FASTags, which is used to pay for things like tolls and parking.

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Half Of Payments Executives Are Focused On Peer-To-Peer (P2P) Payments

PYMNTS

With the advent of emerging FinTech startups, banks face some competition for payments. As a result, banks are investing in and engaging with FinTech startups to grow their customer base and their market share. percent of financial institutions are focused on new products, according to the PYMNTS Bank Innovation Readiness Index.

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Google’s Connected Economy Efforts, Overshadowed By Antitrust Suit?

PYMNTS

To be sure, subsidiaries such as Waze and Google Maps, and newly installed efforts to bring banking into the Google ecosystem pale, at least as measured as revenue generators, next to efforts that generate tens of billions of dollars annually. Banks, Too . News Tuesday (Oct. buy products) those efforts.

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Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

PYMNTS

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic has refocused scrutiny on the open banking ecosystem’s privacy and security. The Data Privacy Twist .

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LendKey And Unlocking A Generation Of Borrowers For Small Banks And Credit Unions

PYMNTS

At the upper edge of the spectrum, students can be looking at a ~$330,000 total price tag for an education at an elite private college. And with price tags that large, there is going to be a generation of students who are by necessity going to be seeking private student loans. There are currently 13,000 community banks in the U.S.,

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PSD2 Challenges Leave Norway, Netherlands Playing Catch-Up

PYMNTS

Since many European Union (EU) countries have now brought PSD2 and GDPR fully into their financial infrastructures, banks and merchants must prepare for the upcoming Strong Customer Authentication (SCA) rule and its fast-approaching September deadline. The change is just one of many that PSD2 is bringing to payments within the EU.