Fintech
Apple Pay Set to Launch in India With Axis Bank Partnership
Apple Pay is set to launch in India with Axis Bank as its first banking partner, bringing Apple’s payments service to a market dominated by UPI.
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Apple Pay is set to launch in India with Axis Bank as its first banking partner, bringing Apple’s payments service to a market dominated by UPI.
India will introduce a 0.4% merchant fee on select UPI payments over ₹2,000 starting October 15, while consumers and most smaller transactions will remain free.
X is moving U.S. creator payouts to X Money, allowing creators to receive instant payments through the platform’s payment service.
X investigates mass password reset attempts targeting users after the X Money launch, with no confirmed breaches or account takeovers reported.
Navi has raised $100 million from Prosus in its first institutional funding round as the Sachin Bansal-founded fintech prepares for a potential IPO in India.
PayPal and Venmo now let students and families pay tuition and fees at participating U.S. colleges through Illumia, Nelnet Campus Commerce and TouchNet.
TikTok is reportedly developing peer-to-peer payments via direct messages, with hidden code in the app indicating that users could send and accept money using TikTok Pay.
PayPal is reportedly in renewed sale talks with Stripe and Advent after rejecting a $53 billion offer, as CEO Enrique Lores pushes a broader turnaround plan.
Google Play now supports Venmo payments in the U.S., allowing users to pay for apps, games, subscriptions, add-ons and other digital content.
Google Wallet now lets parents create spending balances for children under 18, set daily limits, monitor transactions, and control payments on Android and Wear OS devices.
India has introduced legislation that could allow merchant charges on some UPI transactions, creating a potential new revenue model for the country’s digital payments network.
Elon Musk’s X is rolling out X Money to paid US subscribers with a Visa debit card, peer-to-peer payments, up to 6% APY and cash-back rewards.
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