Payment news, November 23

Visa develops a new payment service in India, while BNY Mellon enhances its Liquidity Direct solution.

Visa to offer new e-payment service in India

Visa has developed a new payment solution to provide a payment infrastructure in India. Designed using the unique identification authority of India UIDAI platform, the solution is aimed at the unbanked and under-banked population. UIDAI will provide a unique 12-digit number called an Aadhaar which will be required to access banking services.

“We have successfully demonstrated our capabilities of Visa’s proposed solution to the UIDAI and are excited about this...

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