Page 2 - Payment Apps
$81 mn fund raise pushes Credit card app CRED's valuation past $806 mn
Existing investor, billionaire Yuri Milner's fund DST Global leads round, along with Sequoia Capital, Tiger Global, and others. Existing and past employees liquidate ESOPs worth Rs 9 cr
 "$81 mn fund raise pushes Credit card app CRED's valuation past $806 mn")
RBI scraps certificate of authorisation of Vodafone's mobile payment app
Last year, Vodafone Idea had decided to close m-pesa vertical following the closure of Aditya Birla Idea Payments Bank Ltd (ABIPBL), with which it was being merged.
 "RBI scraps certificate of authorisation of Vodafone's mobile payment app")
HDFC Bank launches customised apps for municipalities, housing societies
With this app the bank is targeting 3 million places of worship, 600,000-800,000 housing societies; 2,000+ clubs; and 500+ cities with a population of more than 100,000
 "HDFC Bank launches customised apps for municipalities, housing societies")
Over 80 payments apps face an uphill battle to turn the country cashless
Many merchants, especially in rural areas, remain unable or unwilling to accept digital transactions due to network connectivity issues and reluctance to pay charges for low-value transactions
 "Over 80 payments apps face an uphill battle to turn the country cashless")
Why banks around the world are watching China's big payments apps
The two payment apps flourished on the mainland by offering millions of people who were underserved by banks an easy way to store
 "Why banks around the world are watching China's big payments apps")
