RuPay

Even as Indian startups witnessed an unprecedented funding frenzy last year, raking in more than $36 billion in venture and private equity deals — four times that in 2015 — Indian domestic capital chasing them continues to be scarce. The…

MUMBAI: National Payments Corporation of India (NPCI) is in talks with banks to facilitate RuPaycredit card transactions on the QR code acceptance network. Small merchants may be exempted from the card acceptance fees, which can go up…

Payments companies and banks are at loggerheads over the sharing of government-granted subsidies for building payment infrastructure, said three people with knowledge of the matter. The companies have written to the National Payments…