{"id":4392,"date":"2019-01-23T18:33:48","date_gmt":"2019-01-23T18:33:48","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4392"},"modified":"2022-11-11T09:10:05","modified_gmt":"2022-11-11T16:10:05","slug":"payu-india-aims-for-full-service-financial-status-alipay-expands-into-europe-news-roundup","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/payu-india-aims-for-full-service-financial-status-alipay-expands-into-europe-news-roundup\/","title":{"rendered":"PayU India Aims for Full-Service Financial Status; Alipay Expands into Europe: News Roundup"},"content":{"rendered":"\n

PaymentFacilitator\u2019s<\/em> News Roundup is a curated mix of the past\nweek\u2019s news and articles from around the web, including company announcements,\nglobal payments news, and other coverage and analysis of topics relevant to\npayment facilitators.<\/strong><\/p>\n\n\n\n

Big Brands Doing Big Things<\/em><\/p>\n\n\n\n

PayU India\u2019s lending\narm aims for full-service financial status<\/strong>. PayU Finance India will now be\na separate arm of PayU\u2019s payments suite. The strategic move comes (following\napproval from the RBI for a non-banking financial company license) in an effort\nto position PayU Finance as a full-service financial player targeting credit\nbusiness in the country. From Inc42<\/a>.\n<\/p>\n\n\n\n

Paytm uses a white\nlabel solution to test interoperable QR?<\/strong> Yes. The popular brand is using a\nwhite-label solution to test a UPI-compliant interoperable QR code payment\noption for Hyderabad and Bengaluru. But why go the white-label route? Sources\nconfirm the payments brand \u201cdoesn\u2019t want to hamper its wallet business.\u201d From Entrackr<\/a>.\n<\/p>\n\n\n\n

Alipay set to launch\nexpanded operations in Europe<\/strong>. After securing a license in Luxembourg, the\nglobal brand is slated to expand into mainland Europe. Already licensed in the\nUK and adopted by the local population there, Alipay has also secured a\nEuropean passport with this new initiative \u2013 giving them the ability to operate\nfreely within the EU. From Retail\nGazette<\/a>. <\/p>\n\n\n\n

Regulatory Review <\/em><\/p>\n\n\n\n

U.K. competition\nwatchdog details possible PayPal and iZettle merger issues<\/strong>. As part of the\ninvestigation, panel members must decide whether a relevant manager situation\nhas been created and if so, does this negatively impact competition within UK\nmarkets for goods and services. From CMA<\/a>.<\/p>\n\n\n\n

Fintech Forward<\/em><\/p>\n\n\n\n

South Korea slated to\nlaunch regulatory sandbox this April<\/strong>. Pushing the nation\u2019s fintech sector\nonward and upward, its Financial Services Commission (FSC) has initiated the\nsandbox to allow firms to test their products and services in an environment\nripe with regulatory exemptions for an unspecified period of time. The FSC will\nbegin accepting applications at the end of this month. From BankingTech.<\/p>\n\n\n\n

Good Reads<\/em><\/p>\n\n\n\n

Alipay Goes Behind\nBars in China<\/strong>. Literally. Relatives and loved ones of Beijing prison\ninmates can now use the payments app to transfer money to inmates via their digital\nwallets, thanks to the local government\u2019s \u201csmart prison\u201d initiative. But prisons\naren\u2019t the only newsworthy entity going cashless. From Techinasia<\/a>.\n<\/p>\n\n\n\n

\u201c402 Payment Required\u201d\nis still a thing of the future<\/strong>. Of the many error codes found on the World\nWide Web, \u201caccess unauthorized\u201d and \u201cpage not found\u201d are among the most popular\nbut, believe it or not, \u201cpayment required\u201d was built in as an existing error\ncode based on the assumption that micropayments would surely be a thing of the\nfuture. So why is error code 402 still \u201creserved for future use?\u201d From Wired<\/a>.\n<\/p>\n\n\n\n

Industry News<\/em><\/p>\n\n\n\n

Nets in Singapore Launches Same-day Settlement\nfor Hawkers<\/strong><\/a><\/strong><\/p>\n\n\n\n

Sixteen Leading Global Fintechs Join Spring Labs’\nFounding Industry Program<\/strong><\/a><\/strong><\/p>\n\n\n\n

Fast-growing Travel Technology Company Kiwi.com\nTakes off Towards a Smoother Payment Experience with SafeCharge<\/strong><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

PaymentFacilitator\u2019s News Roundup is a curated mix of the past week\u2019s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.<\/p>\n","protected":false},"author":7,"featured_media":3587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1015],"tags":[35,329,441,658,666,668,726,737],"class_list":["post-4392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive","tag-alipay","tag-fsc","tag-izettle","tag-paypal","tag-paytm","tag-payu","tag-qr-based-payments","tag-rbi"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=4392"}],"version-history":[{"count":2,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4392\/revisions"}],"predecessor-version":[{"id":8977,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4392\/revisions\/8977"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media\/3587"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4392"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}