India Payment Gateway News

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• June 2024 - BNP Paribas and BPCE announce their plans to create a strategic partnership in the field of payments Paris, 13th June 2024 • With this strategic partnership project, BNP Paribas and BPCE wish to take a major new step in the payments field by jointly acquiring the best technology for processing payments for card holders and merchants. • This processor would handle all card payments from BNP Paribas and Groupe BPCE in Europe, accounting for 17 billion transactions, and could also be opened to other banks. It would thus be the Number 1 processor in France, both Groups share the ambition to make it one of the Top 3 processors in Europe.
• November 2023 - XPO, a provider of innovative and sustainable comprehensive logistics solutions across Europe, partnered with METRO Marketplace on the occasion of the inauguration of METRO France's new logistics platform for non-food e-commerce as France's food service supplier.
• October 2023 - eSalon launched its hair care products on Amazon in the United Kingdom, Germany, and France, expanding their availability. The company offers a variety of 34 items available on Amazon, including permanent hair color sets, weekly retreats, and shine silk.

• October 2023: Asyad Express partnered with Evri to launch a transformational e-commerce gateway hub in Oman and the Middle East. The partnership was made to attract major UK, European, US, and Chinese players to Oman by facilitating access to Asyad Group's logistics ecosystem.
• February 2023: Ourshopee.com, the online shopping platform in GCC, revamped its operations in Oman. The platform offers a diverse selection of products, from electronics and fashion to home goods and beauty.

• February 2024 - Tokopedia, the e-commerce subsidiary of GoTo Group, officially concluded its merger with TikTok, signifying the return of TikTok Shop to Indonesia. This deal absorbs TikTok Shop's Indonesia business into the Tokopedia entity, with Tokopedia now jointly owned by TikTok and GoTo. As previously announced, TikTok will invest over USD 1.5 billion in the enlarged entity over time to provide future funding for the business. 
• January 2024 - To improve its ecommerce capabilities, SIRCLO, an Indonesian omnichannel commerce enabler, announced a collaboration with Shopify, a major player in the worldwide ecommerce market. In a recent statement, SIRCLO claimed that this partnership will combine the assets of both businesses to provide better e-commerce platforms in Indonesia, revolutionizing the online shopping experience. The merging of SIRCLO's specialized technology arm, SWIFT Omnichannel, with Shopify's advanced commerce infrastructure forms the foundation of this collaboration. 

• May 2024: Nium revealed a strategic collaboration with Emirates NBD, a prominent banking group in the MEANT market, which encompasses the Middle East, North Africa, and Türkiye. The partnership aims to introduce an innovative global payment solution poised to reshape the financial services industry in the Middle East and beyond.
• May 2024: At the Visa Payments Forum for Central and Eastern Europe, the Middle East, and Africa, Visa unveiled a suite of new products and services set to revolutionize the card landscape. The company is rolling out an innovative portfolio, emphasizing digital identity, streamlined checkout experiences, flexible payments, enhanced micro-merchant acceptance, and bolstered security for account-to-account transactions. Furthermore, Visa introduced 'Visa Pay,' a cutting-edge payments-as-a-service platform. This platform is designed to offer top-tier mobile-first payment experiences and seamless send-and-receive capabilities tailored specifically for Central and Eastern Europe, Middle East, and African countries.

• January 2024: TradeStation Securities announced a collaboration with CQG. This arrangement is designed to further expand the multi-broker network of CQG and provide TradeStation Securities' clients with a wide range of other trading options for futures and shares. Clients will benefit from advanced CQG functionality owing to the speed and reliability of TradeStation Securities' brokerage services.
• December 2023: Decode Group introduced Decode EX, an advanced trading platform, to cater to the evolving needs of the global trading community. This strategic rebranding sought to capture the attention of the dynamic and tech-savvy younger generation and establish Decode EX as a preferred trading platform.

• June 2023: Nets, part of Nexi Group, the European PayTech that offers merchants acquiring solutions and point-of-sale (POS) terminals, launched its new Npay terminal in Finland. The new terminal technology provides merchants with a versatile solution for accepting payments in physical stores and facilitates payment acceptance through Visa and Mastercard. Npay terminal distribution starts with SMEs in Finland and Sweden, followed by Nets Partners and SMEs in Italy.
• January 2023: METRO, a food wholesaler, announced the rollout of the integrated POS solution DISH POS in France as part of the implementation of its growth strategy. DISH POS is a smart cloud-based POS system that makes it easy for HoReCa operators to manage, administer, and optimize their business and operational processes, thus saving time and money.

• November 2022 : Adyen, a global financial technology platform, partnered with Instacart, North America's leading grocery technology company, as an additional payments gateway processing partner. As part of the new partnership, Instacart would leverage Adyen functionality, including PINless debit enablement of transactions, to further optimize and improve authorization rates for an even more seamless customer experience.
• September 2022 : Unified Payments Interface (UPI) leader PhonePe is working toward launching its own payments gateway as an extension to its QR code-based UPI Payments service and in-app payments. The gateway is expected to launch in the 1st Quarter of 2023.

• February 2022 - Good Life Centre, a charitable organization based out of Tamil Nadu, sought a digital solution to streamline the donor management tracker. The PayPal team assessed the NGO's requirement to create mock screens for a donor management app. Once the workflow was designed, the UX and UI specialists brought the software to life. The outcome of the product was a seamless payment gateway for donations. It also comprised an admin flow that allowed for these donations to be tracked and managed and for offline contributions to be added.
• January 2022 - CCAvenue, Infibeam Avenues' flagship brand and entity in the Indian digital payments industry, has announced that it has integrated NSDL Payments Bank's direct debit facility to benefit Indian eCommerce. The coming together of these two payment entities will provide new lucrative opportunities for lakhs of Indian web merchants currently availing CCAvenue's payment gateway services.

• June 2024: Snapchat owner Snap (SNAP.N) launched its latest iteration of generative AI technology for AR, which will allow users to see more realistic special effects when using phone cameras to film themselves.
• September 2023: Qualcomm Technologies launched two new spatial computing platforms, namely Snapdragon XR2 Gen 2 and Snapdragon AR1 Gen 1, to enable the next generation of mixed reality (MR), virtual reality (VR) devices, and smart glasses. The Snapdragon XR2 Gen 2 Platform brings premium MR and VR technologies into a single-chip architecture to unlock next-level immersive experiences in thinner and more comfortable headsets that do not require an external battery pack.

• May 2024: Diriyah Square is set to welcome a premium office development as The Diriyah Company breaks ground, further diversifying its infrastructure portfolio for the business community. Emphasizing sustainability, the five low-rise office buildings will collectively offer close to 39,000 square meters of gross leasable area (GLA) and an expansive gross floor area (GFA) nearing 47,000 square meters.
• March 2024: SIERRA launched its eFACiLiTY Enterprise Facility Management Software, claiming it to be the world's most comprehensive Computer-Aided Facilities Management (CAFM) and Integrated Workplace Management System (IWMS). Operating on a Software as a Service (SaaS) subscription model, the software is hosted on Microsoft Azure. Additionally, it features the eFACiLiTY Virtual Assistant, a sophisticated multilingual AI/ML solution powered by the Maintenance Guru. This smart tool identifies issues by sifting through the knowledge base and simplifies the generation of accurate work orders with just one click.
• February 2024: Saudi Arabia's Real Estate General Authority (REGA) has launched its inaugural Facility Management (FM) service, aiming to revolutionize the country's housing sector. This initiative is designed to enhance the quality of life for residents through the effective management of residential communities.