Search For "payments"
"Payments issue needs to be worked through": Jaishankar on Rupee Vostro Ac
Updated : 2 years, 11 months ago IST
Jaishankar spoke about the expansion of the correspondent relationship network under International Trade Settlement in Indian Rupees through Special Rupee Vostro Account system.
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Transactions worth Rs 149.5 trillion done in India during 2022 via UPI, de
Updated : 2 years, 11 months ago IST
In terms of UPI, Person-to-Merchant (P2M) and Person-to-Person (P2P) are the most preferred payment modes among consumers with a market share of 40 per cent and 44 per cent in terms of transactions volume (UPI was 84pc in total), according to Worldline in its India Digital Payments Annual Re
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"We need to boost trade from India," Russian Dy PM Manturov on trade imbal
Updated : 2 years, 11 months ago IST
"That's one of the issues which we just discussed with your colleague, so because of lack of input from India, it's not enough to use the Rupee so we need to boost the trade from India and then in this case we are looking at balance like for example, we have with China. We have USD 200 bi
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As India transitions to cashless society QR codes, sound boxes mushroom al
Updated : 2 years, 11 months ago IST
Although relatively new to the game, India has significantly expanded its fintech landscape since 2016. Today, South China Morning Post said government data shows nearly 40 per cent of all payments in the once cash-only economy are digital.
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NHAI enables FASTag-based payments at forest entry points
Updated : 2 years, 11 months ago IST
This MoU between the two parties will pave a way to facilitate seamless and efficient entry process for vehicles entering into the forest area, according to a statement from the ministry of road transport and highways.
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Ukrainian President, entourage embezzled USD 400 million from fuel purchas
Updated : 2 years, 11 months ago IST
On his website, US journalist Seymour Hersh, citing sources, said, "The Ukrainian president and many in his entourage have been skimming untold millions from the American dollars earmarked for diesel fuel payments. One estimate by analysts from the Central Intelligence Agency put the embe
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China's "yuan diplomacy": A new form of debt trap
Updated : 2 years, 11 months ago IST
News reports suggested that China has now been trapping African nations into debt and as part of "forgiving" that debt China wants them to use the Chinese CBDC the Digital Yuan for all international commerce, trade and finance payments. By doing so, China has been establishing the Digital Yu
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Muthoot Finance Gold Loan now available online on Bajaj Markets
Updated : 2 years, 11 months ago IST
Pune (Maharashtra) [India], April 6 (ANI/NewsVoir): Bajaj Markets has partnered with Muthoot Finance Limited, one of the leading gold financing companies, to provide gold loans at interest rates starting at 0.83 per cent per month. The loan amount starts from just Rs. 1500 with no limit on t
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RoboForex increases Partner Commission for Gold, Silver, Oil, and US Indic
Updated : 2 years, 11 months ago IST
Belize City [Belize], April 6 (ANI/PRNewswire): RoboForex, a regulated financial services broker, announces enhancements to its Partner programme. One of the main updates is an increased Partner commission for several trading instruments, including Gold, Silver, and Crude Oil.
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India has built a world-class digital infrastructure: IMF
Updated : 2 years, 11 months ago IST
India has developed a world-class digital public infrastructure (DPI) to support its sustainable development goals with its journey having lessons for other countries embarking on their own digital transformation, IMF has said in a working paper, noting that digitalization has supported f
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EnKash enables 90 per cent reduction in manhours and 30 per cent organisat
Updated : 2 years, 11 months ago IST
New Delhi [India], April 5 (ANI/NewsReach): The COVID-19 pandemic has significantly hastened the pace of ongoing trends across all industries, including FinTech. Till recently, it was a huge and painful task for businesses to streamline their bill payments, especially for companies having mo
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Paytm's payments and loan business continue to grow in Jan-Mar 2023 quarte
Updated : 2 years, 11 months ago IST
One97 Communications Limited, which owns the fintech platform Paytm, on Wednesday said it has achieved a new milestone in offline payments as it deployed 6.8 million devices deployed in the January-March quarter.
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