ePaisa Brings Bitcoin Payments to Merchants Across India
In 2014, Indian prime minister Narendra Modi outlined a vision for a "Digital India," a place in which all citizens in all parts of the country are connected, informed and part of a global economy. Other hallmarks of this new India would be a transparent government with strong ties to its citizens where government services could be accessed from mobile....
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ePaisa, an Indian payment processor that offers mobile based cash and card payment applications for small and medium businesses has now included bitcoin as one of the payment options. The Mumbai, India based startup founded in the year 2012 has a wide range of products available in multiple regional languages. ePaisa's multi-lingual mobile based POS application offers its solutions in four different Indian regional languages apart from English. These regional languages include Hindi, Marathi, Gujarati and Tamil. By offering bitcoin based payment solutions, ePaisa has now become the first....
Delhi-based Bitcoin trading platform Coinsecure and US-based Bitcoin payment processor, BitPay partnered to enable merchants in India to accept Bitcoin payments and receive settlement payouts in India’s national currency, the Indian Rupee INR. Bitcoin use in India and the entire South Asia has just received the required push to make the digital currency more mainstream globally as merchants in the second largest country in the world - more than a billion population - are presented with the opportunity to process its payment for the first time. Mohit Kalra, CEO at Coinsecure, says to....
India’s payments authority, the National Payments Corporation of India, has reportedly said that it will not ban cryptocurrency transactions. Banks are to make their own decision whether to allow crypto transactions. The National Payments Corporation of India (NCPI), has refused to ban cryptocurrency transactions, local media reported Thursday. NCPI runs the Unified Payments Interface (UPI), an instant real-time payment system that facilitates inter-bank transactions. It is regulated by the central bank, the Reserve Bank of India (RBI). Instead of banning crypto transactions, NCPI....
GoCoin has become the latest payment processor to be integrated into the Shopify e-commerce platform, joining Coinbase and BitPay in offering cryptocurrency payments options to merchants on the platform. Unlike Coinbase and BitPay, however, GoCoin will allow merchants to take payments not only in bitcoin, but also the altcoins dogecoin and litecoin. Eric Benz, GoCoin's business development advisor, said the deal has been months in the making, and was only completed because Shopify merchants like GAW Miners asked the e-commerce platform for altcoin payment options. Benz explained: "In the....
State Bank of India (SBI) has reportedly blocked payments to cryptocurrency exchanges using its Unified Payments Interface (UPI). Payment processors have been told to disable the bank’s UPI for crypto merchants. Payment Processors Instructed to Disable SBI UPI for Crypto Firms State Bank of India, the country’s largest bank, has reportedly “blocked the receipt of funds by crypto bourses on its UPI platform,” the Economic Times reported Wednesday, citing sources in the payments industry. Unified Payments Interface (UPI) is an instant real-time payment system....