PhonePe decides to go with direct integration, snaps ties with Juspay
Financial Express Mumbai|December 03, 2024
PHONEPE HAS DISCONTINUED its partnership with payment orchestration platform Juspay. The Walmart-backed digital payments platform said that it will opt for direct integration with merchants.
RAGHAV AGGARWAL
PhonePe decides to go with direct integration, snaps ties with Juspay

Of late, several large companies have received the Reserve Bank of India (RBI's) nod to operate as payment aggregators. BharatPe got the licence in January 2023, Google Pay in December 2023 and Amazon Pay in 2024. The RBI had cancelled the licence for Paytm in November 2022, but the company in September this year said they would re-apply for it. PhonePe had received the licence in March 2023.

Many of these payment aggregators are now making their own payment orchestration systems.

This story is from the December 03, 2024 edition of Financial Express Mumbai.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 03, 2024 edition of Financial Express Mumbai.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS MUMBAIView All
SRCC sees over 500 offers, highest at ₹35 lakh
Financial Express Mumbai

SRCC sees over 500 offers, highest at ₹35 lakh

DELHI UNIVERSITY'S SHRI Ram College of Commerce (SRCC) has completed the placement season 2023-24 with over 500 offers being made by more than 135 companies in over 15 sectors.

time-read
1 min  |
December 04, 2024
Thousands throng to watch Indian team train
Financial Express Mumbai

Thousands throng to watch Indian team train

Border-Gavaskar Trophy: Hardly anyone to watch Australian team

time-read
3 mins  |
December 04, 2024
A concerted push for the economy
Financial Express Mumbai

A concerted push for the economy

GIVEN THE EVOLVING GLOBAL dynamics, India is the new kid on the block which is opening to the world of 'experience economy'.

time-read
1 min  |
December 04, 2024
Financial Express Mumbai

India, Vietnam may gain from US-China chip war

US AND CHINA have got into a fresh tit-for-tat trade restriction. After the US announced export restrictions on computer chip-making equipment, software and high-bandwidth memory chips, China on Tuesday retaliated by banning gallium, germanium, antimony and other key high-tech materials exports to the US.

time-read
2 mins  |
December 04, 2024
Kash Patel has plans to remake FBI into Trump's tool
Financial Express Mumbai

Kash Patel has plans to remake FBI into Trump's tool

\"FIRE THE TOP ranks of the FBI\" Encourage Congress to demand testimony exposing \"every single bit of filth and corruption\" at the agency, and withhold its funding \"until the documents come in.\" Prosecute leakers and journalists. Replace the national security work force with \"people who won't undermine the president's agenda.\"

time-read
2 mins  |
December 04, 2024
BlackRock to buy private lender HPS in $12-billion deal
Financial Express Mumbai

BlackRock to buy private lender HPS in $12-billion deal

BLACKROCK AGREED to buy HPS Investment Partners in an all-stock deal valued at roughly $12 billion, a purchase that will propel the world's largest asset manager into the highest ranks of private credit.

time-read
1 min  |
December 04, 2024
Trump remains opposed to US Steel sale, pledges tariff
Financial Express Mumbai

Trump remains opposed to US Steel sale, pledges tariff

DONALD TRUMP REITERATED his opposition to the sale of United States Steel Corp. to Nippon Steel Corp., saying he'd instead use tariffs and tax incentives to revive the American steelmaker.

time-read
1 min  |
December 04, 2024
South Korea put under martial law
Financial Express Mumbai

South Korea put under martial law

SOUTH KOREAN PRESIDENT Yoon Suk Yeol on Tuesday declared martial law in an unannounced late night address broadcast live on YTN television, claiming he would eradicate \"shameless pro-North Korean anti-state forces\".

time-read
1 min  |
December 04, 2024
China targets critical metals in tit-for-tat response to US
Financial Express Mumbai

China targets critical metals in tit-for-tat response to US

Move follows US restrictions on semiconductors

time-read
2 mins  |
December 04, 2024
A manifesto against deceptive advertising practices
Financial Express Mumbai

A manifesto against deceptive advertising practices

Why the campaign rocks:

time-read
1 min  |
December 04, 2024