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Zoho Rolls Out Zoho Payments To Streamline B2B Transactions
Inc42
·
11m ago
Medial
Zoho Payments, a new offering from the company, enables businesses to accept payments through different methods like UPI, net banking, and cards. The B2B payments capabilities of Zoho Payments are powered by NPCI's Bharat Bill Payment System (BBPS). Zoho obtained a payment aggregator license from the RBI earlier this year.
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Related News
Zoho rolls out Zia Hubs, strengthening its AI roadmap
YourStory
·
1m ago
Medial
Zoho has launched Zia Hubs as part of its AI strategy, focusing on organizing and gaining insights from unstructured business data. Integrated within Zoho WorkDrive, Zia Hubs enables intelligent agents to contextually analyze and act on diverse content across Zoho's product suite. With CEO Mani Vembu emphasizing its potential for data intelligence, the tool aims to streamline data access and analysis. Currently in early access, a full release is planned for late 2025.
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How Ex MobiKwik & Razorpay execs’ escrow as a service startup Castler is transforming B2B payments
Inc42
·
1y ago
Medial
Castler, an escrow as a service (EaaS) startup founded by ex-MobiKwik and Razorpay executives, aims to revolutionize B2B payments in India. The cloud-based platform offers quick and secure digital escrow solutions, reducing the time required to open escrow accounts. Castler has partnered with nine banks and has over 5,000 active escrow accounts. The startup has a subscription-based revenue model and targets 6x revenue growth in the current fiscal year. With the growing demand for digital payments, Castler aims to capitalize on the market potential and streamline business transactions in India.
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Mastercard Enables CVC-less Payments for Tokenized Cards in India
IndianStartupNews
·
2y ago
Medial
Mastercard has introduced the option of Card Verification Code (CVC)-less payments for tokenized cards in India. This move aims to enhance security and convenience for digital transactions. By eliminating the need for the CVC during tokenized card payments, Mastercard aims to streamline the payment process and promote secure, seamless, and user-friendly digital transactions in the Indian market.
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Indian SaaS giant Zoho launches 'Zoho Practice' to increase productivity of CAs
IndianStartupNews
·
1y ago
Medial
Chennai-based SaaS giant Zoho has launched Zoho Practice, a free practice management solution for chartered accountants (CAs). The software aims to streamline workflows and enhance collaboration internally and with clients. It offers features like client and document management, task management, timesheet, billing, and advanced collaboration tools. Zoho Practice integrates seamlessly with other Zoho apps like Zoho Books, Zoho Expense, and Zoho Payroll. The company's Finance Platform has experienced significant growth, with a 65% YoY increase in new customers in India, attributed mainly to Zoho Books.
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New Google Pay Feature Allows Users To Pay Without UPI PIN For Small Transactions
OutlookIndia
·
2y ago
Medial
Google Pay has introduced a new feature that enables users to make small transactions without requiring a UPI PIN. The feature, called "NFC payments," uses Near Field Communication technology to process payments swiftly. This move aims to enhance the user experience and streamline the payment process for quick, low-value transactions, providing convenience and ease of use for Google Pay users.
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Cashfree Rolls Out Payment Solution For Software Businesses
Inc42
·
1y ago
Medial
Cashfree Payments has introduced Embedded Payments, a new payment solution for software platforms to enhance the payment experience for businesses. This solution enables software platforms, such as ERPs, CRMs, SaaS, or billing platforms, to facilitate direct payments between businesses and users. It seamlessly integrates financial transactions within the digital platform, allowing end users to initiate payments and transfer funds to the business's designated account within the platform's environment. Cashfree claims that over 120 payment modes can be offered without redirects or external interfaces. The solution simplifies merchant onboarding and provides easy integration for managing payments, refunds, and settlements.
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Here’s why RBI placed B2B card pay on full hold
Economic Times
·
1y ago
Medial
The Reserve Bank of India (RBI) has halted the usage of cards for B2B payments, affecting transactions made through commercial credit cards like Visa and Mastercard. Fintech startups such as EnKash and Paymate have also suspended these payments. The RBI aims to regulate payment intermediaries under the PA/PG guidelines, and the issue is related to transaction flow, potential fraud, and KYC compliance. Some players are migrating vendors to online merchants to resolve the disruption in B2B payments.
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Zoho rolls out AI-powered customer management features amid slowing growth
Livemint
·
1y ago
Medial
Chennai-based Zoho Corp. has updated its customer management software, Zoho CRM, with AI-powered analytics and support for open-source AI models. Despite reaching an annual revenue run-rate of $1bn in November, Zoho's global growth has slowed. The company aims to challenge established enterprise tech companies such as Salesforce and ServiceNow with the new software. Zoho's CRM for Everyone suite allows sales teams to customize modifications for other teams, breaking down silos and improving visibility. Zoho is also working on strengthening data security and developing AI models for increased privacy.
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IppoPay To Offer QR Code-Based UPI Payments
Inc42
·
10m ago
Medial
- IppoPay aims to streamline transactions through a partnership with TMB's banking infrastructure. - Techfini, an affiliate of IppoPay, will handle all UPI payments using TMB's handle. - The startup was founded in November 2020 by Mohan K and Jai Kumar. - IppoPay provides digital payment solutions to both offline and online businesses. - The company aims to simplify and enable seamless transactions for businesses.
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NPCI looking to stop cons ‘pulling’ a fast one via UPI
Economic Times
·
4m ago
Medial
The National Payments Corporation of India (NPCI) plans to phase out 'collect calls' for merchant payments to combat online frauds via the Unified Payments Interface (UPI). These 'pull' transactions, initiated by merchants, pose higher fraud risks. Authorities prefer 'push' transactions where customers initiate payments, like QR code scanning. This change addresses the rising online fraud instances, with significant financial losses reported. The shift aligns with the widespread adoption of secure UPI modes by consumers.
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