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PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer.
Unified Payments Interface (UPI) Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
Rashtriya e-Market Services (ReMS) is established as a joint venture of Government of Karnataka (India) and NCDEX spot exchange limited with equal shareholding. It was conceived to blend public interest with the initiative of a private enterprise for establishing, operating, managing a specialized electronic trading platform called Unified Market Platform (UMP) for auctioning of farmer's produce.
Dreamplug Technologies Pvt. Ltd. Trade name CRED Company type Private Industry Financial technology Payments Founded 2018 ; 6 years ago (2018) Founder Kunal Shah (Co-founder & CEO) Headquarters Bangalore, Karnataka, India Revenue ₹ 1,400 crore (US$170 million) (FY23) Net income ₹ −1,347 crore (US$−160 million) (FY23) Number of employees 800 Website cred.club Dreamplug Technologies Pvt ...
Payment and settlement systems are used for financial transactions in India. Covered by the Payment and Settlement Systems Act of 2007 (PSS Act), legislated in December 2007, they are regulated by the Reserve Bank of India (RBI) and the Board for Regulation and Supervision of Payment and Settlement Systems. [1]
Karnataka (/ k ər ˈ n ɑː t ə k ə /; ISO: Karnāṭaka, Kannada: [kɐɾˈnaːʈɐkɐ]), also known colloquially as Karunāḍu, is a state in the southwestern region of India. It was formed as Mysore State on 1 November 1956, with the passage of the States Reorganisation Act, and renamed Karnataka in 1973.
Karnataka is the leader in the information technology sector in India and its capital, Bangalore, is known as the Silicon Valley of India. In the IT sector, Karnataka generated a total revenue of ₹ 516.5 billion in the financial year 2006–07 which included ₹ 487 billion from software exports and ₹ 29.5 billion from hardware exports.
Online Banking ePayments. Online Banking ePayments ( OBeP) is a type of payments network, developed by the banking industry in conjunction with technology providers. It is specifically designed to address the unique requirements of payments made via the Internet. [1] Key aspects of OBeP that distinguish it from other online payments systems are: