Mumbai (Maharashtra) [India], March 7 (ANI/NewsVoir): Electronic Payment and Services Pvt. Ltd. (EPS), a leading provider of payment technology services in India, has announced the appointment of Ram Rastogi as an Additional Director in its wholly owned subsidiary, Finiverse Aggregator Pvt.
In what is a first-of-its-kind collaboration with another country, India and Singapore on Tuesday linked their respective online payments systems -- Unified Payments Interface (UPI) of India and PayNow of Singapore -- for seamless cross-border transactions between the two countries.
Reserve Bank of India Governor Shaktikanta Das and Monetary Authority of Singapore Managing Director Ravi Menon will launch the cross-border connectivity.
The linkage of these two payment systems of both countries would enable residents of both countries to the faster and more cost-efficient transfer of cross-border remittances.
India and Singapore have completed technical preparations to link their fast payment systems UPI and PayNow to enable fund transfers between the two countries instantaneously and at low cost, a move which is aimed at benefitting migrant workers.
New Delhi [India], October 20 (ANI/PNN): UK-registered asset management company Makkamine Limited, which aims to replace the traditional payment systems with digital payments through Makkamine and identify the best sources to promote metal mining worldwide, has forayed into India.
New Delhi [India], October 14 (ANI/GPRC): Prior to the pandemic, only 33 per cent of B2B payments were electronic, due to a lack of investment in foundational payments infrastructure as well as a lack of compatibility between electronic payment systems. Post COVID, however, real-time speed a
Mumbai (Maharashtra) [India], August 18 (ANI): The Reserve Bank of India (RBI) has invited feedback from the public on the various changes proposed in the payments system, including the possibility of imposing tiered charges on transactions done through the Unified Payments Interface (UPI).
Singapore, August 7 (ANI): Singapore Foreign Minister Vivian Balakrishnan has praised India for its digital identity and payment systems and said that it is a "clear opportunity" for the county.
New Delhi [India], July 16 (ANI): India and Indonesia on Saturday signed a Memorandum of Understanding (MoU) in Bali on the sidelines of the G20 meeting, to cooperate on a number of issues including payment systems and combating terror financing.
New Delhi [India] June 24 (ANI/ATK): Cryptocurrencies came into being with the introduction of Bitcoin. The main reason why people invest in cryptocurrency tokens and most other digital forms of money are easy transactions, incredible security, exponential Industry growth, unexpected returns