India's Largest Mobile Payments Platform To Consider Bitcoin Offerings If Leg...
India's largest mobile payments platform, Paytm, would consider Bitcoin offerings if India provided regulatory clarity on Bitcoin and crypto.Over 300 million customers and 20 million merchants in India could have access to Bitcoin services through the nation's largest payments provider.Regulatory uncertainty on BTC is preventing Paytm, India's digital payments pioneer, from launching Bitcoin-related offerings in its platforms.A ban on Bitcoin went live in India in 2018 but was lifted last year.India's lack of regulatory clarity is holding back its largest digital payment solutions....
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On Sunday, three days after adding support for the popular Unified Payments Interface payment instrument in India, Coinbase – the largest US-based cryptocurrency exchange – removed the feature to purchase bitcoin using the system in India. UPI is an instant real-time payment system designed by India’s National Payment Corporation to enable interbank transactions via mobile phone on Coinbase’s […]
Paytm, one of India’s largest payments companies, is open to offering bitcoin services if the crypto asset becomes legal in the country, according to its chief financial officer. If bitcoin “was ever to become fully legal in the country, then clearly there could be offerings we could launch,” he said.
Paytm Open to Bitcoin Offerings
Paytm Chief Financial Officer Madhur Deora has indicated that his company is open to offering bitcoin services if the crypto asset becomes legal in India, local media reported Thursday, citing his recent interview with Bloomberg....
India is touting biometric security as the next step in payments, shunning cash and cards in a bid to make the economy secure and free of corruption. India Gov’t: Biometrics Future Of Payments. The Unique Identification Authority of India (UIDAI), which is working on issuing every Indian citizen with a 12-digit ID called Aadhaar, should form the basis for transactions together with mobile-based iris or thumbprint recognition. It is the latest government announcement following India’s flash demonetization November 8, in which higher-value rupee notes were suddenly decommissioned. Bitcoin....
As of May 2016, a total of 3.7 million mobile transactions were recorded since the launch nearly two years prior. Even though there has been a significant increase in mobile device usage among residents of India, mobile banking will not be coming anytime soon. The country has plans to improve financial inclusion through a new set of mobile banking services. Unfortunately for them, that project failed miserably. This leaves the door wide open for Bitcoin adoption in the country, as cryptocurrency allows anyone to be their own bank. Mobile Banking In India Is Not A Success. It has to be....
India is now the world’s fifth-largest economy after surpassing the U.K., the latest data from the International Monetary Fund (IMF) shows. India’s former chief economic advisor expects the country to become the world’s third-largest economy by 2028-30.
India Becomes 5th Largest Economy in the World
India has leaped past the U.K. and become the fifth-biggest economy, Bloomberg reported Friday, citing IMF’s GDP data and historic exchange rates. According to this estimation, India surpassed the U.K. in the last quarter of 2021 and is now behind....