PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
Paytm Payments Bank appoints new CEO. Satish Kumar Gupta, the former general manager at Stata Bank of India, has been hired to help strengthen compliance and safety protocol within the bank. With Paytm Payments Bank currently banned (by the RBI) from enrolling new customers as of July, the hope is that Gupta will help move the company forward. From The Economic Times.
SBI and Hitachi join forces. State Bank of India and Hitachi Payment Services have come together to create a new card-acceptance and digital payments platform. QR code acceptance and UPI-based payments, as well as transportation and e-commerce businesses are the main modalities/sectors being targeted with this initiative. From The Economic Times.
The Digital Download
PayPal targets the digital underdog. According to PayPal COO Bill Ready, small businesses have suffered greatly with the digital movement. The desire to digitize often compromises SMBs as they are predominantly tied to the physical world – not the digital one. Ready aims to change this by offering SMBs access to tools needed to navigate the digital interface, such as those needed to conduct business online, on mobile and through social media. From Yahoo Finance.
NETELLER Digital Wallet Now Live in Japan