"Chaitanya allegedly routed the illicit funds through his real estate firms and used them in the development of a real estate project. The funds were laundered through cash payments to contractors and through falsified banking entries," ED said in its statement.
At the heart of this transformation is the Unified Payments Interface, better known as UPI. Launched in 2016 by the National Payments Corporation of India, UPI has changed how people send and receive money in the country.
Billions of rupees have been spent by Pakistan's civil law enforcement agencies under the country's Interior Ministry during the 2023-24 fiscal year on items ranging from jogger shoes and warm trousers to advance payments for undelivered boats and excessive ice purchases--often without adher
Bengaluru (Karnataka) [India], July 18: Razorpay, India's Leading Omnichannel Payments and Business Banking Platform, has been featured in the 2025 edition of the World's Top Fintech Companies list by Statista and CNBC. Securing a spot among the world's top fintech firms, Razorpay stands out
Singapore, July 18: Visa, a global leader in digital payments, has announced its partnership with the Asian Football Confederation (AFC) Women's Asian Cup Australia 2026™ as its Official Global Supporter. This marks the first partnership between Visa and AFC Women's Asian Cup, further
India on Thursday reiterated that de-dollarisation was not on the BRICS agenda, and the member countries were only looking at cross-border payments in local currency.
Singapore, July 17: As stablecoins are poised to take centre stage in cross-border payments, a new study by MetaComp Pte Ltd (MetaComp), a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS), evaluates the effectiveness of leading on-chain Know-Your-Transactions (
Singapore/ Amsterdam [Netherlands], July 17: Coda, a global leader in digital content monetization headquartered in Singapore, today announced it has signed a definitive agreement to acquire Recharge, Europe's leading prepaid payments platform, headquartered in Amsterdam. The transaction bri
State-run Mahanagar Telephone Nigam Ltd (MTNL) has defaulted on the payments of both principal and interest to seven major public sector banks, totalling Rs 8,585 crore.
In a significant boost to the Digital India initiative, the Mumbai Division of Western Railway has collected over Rs 100 crore through digital payments in the past year across its network of approximately 97 stations, marking a significant milestone in the Indian Railways' digital transforma
SSGC disbursed massive funds to the Karachi Metropolitan Corporation (KMC), town municipal corporations (TMCs), and cantonment boards for permission to lay underground gas lines.
Ben Gurion Airport Customs officials arrested two suspects for importing e-cigarette liquid disguised as makeup remover while evading tax payments of 1.2 million Shekels (USD 360,000).