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On 30 July 2024, ONDC introduced an interoperable QR code to link online and offline vendors, regional craftspeople, and neighborhood store owners with consumers. With ONDC-registered buyer apps like Magicpin and Paytm, merchants can create a unique QR code that customers can scan to access their online store on the ONDC platform. [141]
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara.It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
3i Infotech Ltd (established as ICICI Infotech Ltd) is a global information technology company headquartered in Navi Mumbai, India. Founded in 1993, it provides a comprehensive range of IT services, including digital transformation, cloud services, cybersecurity, and application development, across various industries such as BFSI (Banking ...
PhonePe is an Indian digital payments and financial services company [ 5 ] headquartered in Bengaluru, Karnataka, India. [ 6 ][ 7 ] PhonePe was founded in December 2015, [ 2 ] by Sameer Nigam, Rahul Chari and Burzin Engineer. [ 8 ] The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016.
Firstsource Solutions Limited is an Indian business process management company headquartered in Mumbai, India. It is owned by RP-Sanjiv Goenka Group. [4] Firstsource provides business process management in the banking and financial services, customer services, telecom and media, and healthcare sectors. Its clients include financial services ...
Around 77.7 crore (777 million) Indian consumers shopped cross-border in 2021. To make payments easier, NPCI International Payments Limited (NIPL) signed a memorandum of understanding (MoU) with UK-based PPRO Financial on 17 November 2021 to expand the acceptance of RuPay in foreign markets, especially in China and United States, which account for half of all international transactions coming ...
Non compliance of market cap bring penalties under UPI procedural guidelines. NPCI will check operating procedures of UPI every 6 months to meet objectives without creating inconvenience for end users. [107] PhonePe made a formal request to NPCI to defer 30% market cap deadline from January 2023 to January 2026. NPCI is discussing this issue ...
ICICI Prudential Life Insurance started its operations in 2001. The life insurance arm was established as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited [10] with assets under management (AUM) of approx. ₹ 1 billion (US$12 million). [11] In 2005, the company crossed the mark of 1 million policies. [12]