PayU Received RBI’s In-Principle Approval as Payment Aggregator

• PayU Payments has received Reserve Bank of India's in-principle approval to operate as a payment aggregator and onboard new merchants onto its platform.
• PayU is a payment gateway that also offers services including buy-now-pay-later like Razorpay and PhonePe.

BharatPe Launched BharatPe One

• BharatPe on Tuesday launched BharatPe One which is an all-in-one payment product that integrates POS, QR code, and speaker into one device.
• It is designed to streamline transactions for merchants by offering versatile payment acceptance options including dynamic and static QR code, tap-and-pay and traditional card payment options, across a wide range of debit and credit cards.

Razorpay and Airtel Payments Bank Launched UPI Switch

• Razorpay and Airtel Payments Bank have unveiled the UPI Switch which is a cloud-based infrastructure designed to revolutionize the landscape of digital payments.
• UPI Switch aims to provide businesses with 5X faster access to UPI innovations.

Reliance Jio Becomes World's Largest Mobile Operator in Data Traffic

• Reliance Jio’s success, which has now become the world's largest mobile operator in terms of data traffic by surpassing of China Mobile.
• As of March 2024, Jio boasts a subscriber base of 481.8 million, out of which 108 million subscribers are on Jio's True5G Standalone network.