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Razorpay has launched its own Unified Payments Interface (UPI) infrastructure in partnership with Airtel Payments Bank.
The new infrastructure, UPI Switch, boost success rates by 4% to 5%; handles up to 10,000 transactions per second at any given time; and enables five times faster access to UPI innovations for business, Razorpay said in a Wednesday (April 24) press release.
“This venture into...
Today’s customers of the FinTech industry are no longer asking just for ways to accept online payments; they’re asking for “software-defined financial services.”
So said Stripe co-founders Patrick Collison and John Collison Wednesday (April 24) during the opening keynote of the company’s annual user conference held in San Francisco.
While they founded Stripe in 2009 to enable the acceptance of...
Apple’s head of marketing for its new headset, the Vision Pro, has retired from his role.
Frank Casanova has worked at the Big Tech firm for 36 years, according to a Wednesday (April 24) Bloomberg report. Casanova left the company last week, Bloomberg said, citing an update on his LinkedIn page.
Casanova was involved in expanding the iPhone to new carriers, Bloomberg reported. In 2019, he became...
An integral aspect of the retail cycle, returns have surged in recent years with the growth of online channels. However, accompanying this increase in returns is a concerning trend: the escalation of returns fraud and policy abuse.
According to a report by the National Retail Federation (NRF), retailers encountered various forms of return fraud in the past year. Among these, 44% dealt with...
Western Union’s first quarter results took note of continued shifts to digital channels to send money across borders.
Branded digital transactions grew by 13% year over year (YoY), the company detailed in its materials.
CEO Devin McGranahan said during the conference call with analysts that consumer money transfer transactions 6% growth rate marked the third consecutive quarter with 5% or more...
If anyone had any doubts about Meta’s long-term commitment to artificial intelligence (AI), they were erased in the first minute of the company’s earnings call on Wednesday (April 24).
While analysts were waiting to hear about the return on investment in the technology would bring, CEO Mark Zuckerberg made it clear that AI is on a two-to-three-year development roadmap. AI and the metaverse were...
UnitedHealth Group is shutting down its Optum Virtual Care telehealth business.
Employees were notified of the shutdown on Thursday (April 18), and some were told that their last day would be in July, Seeking Alpha reported Tuesday (April 24), citing a paywalled article by Endpoints News.
Reached for comment by PYMNTS, a UnitedHealth Group spokesperson provided an emailed statement saying that...
Winning can provide an instant rush — and although 8 in 10 gamers prefer immediate access to their winnings, less than half of gamers now have access to instant payouts.
That is one key takeaway from “Generation Instant: Gamers and Winnings,” a report PYMNTS Intelligence created in collaboration with Ingo Payments.
However, the report — which is based on surveys with more than 2,600 U.S....
Investors reportedly expect increased competition in the grocery sector after Amazon’s announcement Tuesday (April 23) of a new grocery delivery subscription benefit.
Walmart and Kroger shares declined 1.8% and 2.3%, respectively, Tuesday, in moves that UBS analyst Michael Lasser said showed that investors interpret Amazon’s announcement as a sign of greater competition, Seeking Alpha reported ...
Block ecosystems Square and Cash App have begun rolling out a feature that will allow eligible Square sellers to automatically convert a portion of their daily sales to bitcoin with Cash App.
The rollout of this new Bitcoin Conversions feature began Wednesday (April 24), Block said in an email to PYMNTS.
“Block believes that bitcoin is an instrument of economic empowerment and provides a way for...