Bank will provide payment, clearing and settlement services on the eNAM platform

Move in line with the revised guidelines announced by RBI

PPSL will now resubmit application with RBI for Payment Aggregator licence

DA to central government employees was enhanced from 50 per cent to 53 per cent of the basic pay with effect from July 1, 2024

Paytm will continue with its plan to start a payments bank, says its CEO

Jio Financial, helmed by veteran banker K.V. Kamath, already runs a shadow bank and an insurance brokerage and has joined forces with BlackRock Inc. to start an asset management business

The payments firm has set up POS terminals at villages in Tamil Nadu for payment of taxes and also for devotees making payments to temples.

Crosses over 100 million Monthly Transacting Users milestone

Bangladesh is scrutinising its contract with Adani Power, as it is charging Bangladesh a rate nearly 27 per cent higher than those of India’s other private producers

The drive will entail establishing special ‘May I Help You’ counters manned by railway staff near ticket booking counters

As part of this initiative, KSRTC has equipped its buses with advanced Electronic Ticketing Machines, which are designed to accept UPI payments, along with debit and credit cards, making transactions quick and convenien

Temple authorities say the temple being a religious place and services rendered by it are not in the nature of commercial transactions, it has exemption from GST

Non-discretionary categories such as fuel and groceries are seeing dramatic growth

RBI instructs banks to review payment systems for accessibility to persons with disabilities, ensuring digital payment inclusivity

Rural India’s media consumption is increasingly hybrid, with nearly 1 in 2 of rural consumers exposed to both online and offline media.

It’s paradoxical that despite soaring e-transactions, the circulation of high denomination ₹500 notes has marched ahead

Suryawanshi in Bengaluru is the second restaurant in the country to have started accepting bitcoins.

Operating cost nudged up 4 per cent y-o-y to ₹62.7 crore (₹60.1 crore).

They say they have been facing problems in managing houses; trade union is planning a protest at Old Gajuwaka Junction on November 10

They take to the streets to protest against the government and plant management for failing to credit salaries into their accounts on time

Judge Brendan Shannon declined the request from GLAS Trust Company, trustee for lenders owed $1.2 billion, to prevent Riju Ravindran, brother of Byju’s founder, from paying over $19 million to India’s cricket governing board 

The race for customers in Indonesia is so intensive that e-payment firms are offer steep discounts.

The post Mandiri Capital CEO calls e-payments a ‘cash-burning exercise’ appeared first on DealStreetAsia.

My firm takes IT projects from an online Service based Marketplace www.guru.com; where Websoft Inc (doing business as Guru.com) is an entity from Pittsburgh, USA and they charge a certain percentage (%) of the total project value as a "Project Fee" and also take a monthly fee as "Subscriptttion

I am stuck between the Advance ruling and the order of Gujarat Big Court on payment of royalty under RCM. Kindly guide

Adani Enterprises (AEL), the parent company for the group’s airports and renewable energy businesses, is covered for 12 months of payments amid the lockdown-related economic disruptions, the management said.

Additionally, the quantum of advance payment that discoms need to furnish as security has been reduced to half till June 30.

At present, people are choosing to access cash through the BC channel rather than going to branches where they will come in contact with other people or to ATMs which are not being sanitised.

Fino Payments Bank aims to break even in the next 18-24 months, executive vice president and head-products & alliances Ashish Ahuja tells Mitali Salian.

The recommendations are part of a report titled 'COVID-19: Challenges for the Indian Economy - Trade and Foreign Policy Effects'.

Japan’s trade ministry is setting stricter rules for production and sales of renewable energy in what it says is a drive to speed up development of projects and ensure stable power supply.

Japan’s trade ministry is setting stricter rules for production and sales of renewable energy in what it says is a drive to speed up development of projects and ensure stable power supply.

There has been a significant surge in contactless payments for everyday purchases since the onset of COVID-19, according to a new study. The Mastercard global consumer study conducted from April 10 to 12 says that in Canada, 76 per cent of consumers say contactless payments are now their preferred way to pay when making in-store…

The firm is in talks with a host of investors in Singapore, Thailand, Cambodia and Indonesia, apart from its home market.

The post Malaysian payments firm iPay88 in talks to raise $25m to expand ops appeared first on DealStreetAsia.

The three firms are working with FB to apply for regulatory approval to launch the service in the country.

The post Facebook in talks with GoPay, OVO, LinkAja for mobile payments launch appeared first on DealStreetAsia.

Akulaku and Mintos are said to have reached an agreement on a restructured repayments schedule.

The post [Updated] Global P2P platform Mintos suspends Indonesia’s Akulaku over late payments appeared first on DealStreetAsia.

Small companies account for more than half of Indonesia's gross domestic product and provide many jobs in the country of more than 260 million people.

The post Indonesia to subsidise interest payments for virus-hit smaller firms appeared first on DealStreetAsia.

Currently, banks are offering an extra line of credit of 10 per cent based on working capital limits, which the government intends to increase further.

All category MSEDCL consumers including the residential and CHS (Co-operative Housing society) consumers having bill amount 10,000 & above can now avail the facility of RTGS and NEFT along with the online bill payment options.

The MSEDCL consumers primarily pay their electricity bills through cheque even if the online facility is available. However, due to the corona virus pandemic, the lockdown has affected the banking transactions. Considering this situation, MSEDCL has given the option of RTGS and NEFT for consumers having a bill of 10,000 and above. Even the single and three phase residential consumers having a bill of 10,000 and above, can make payment through this system. Along with this, the consumers can make online payment through credit card, net banking, debit card, google pay, cash card, UPI, digital wallet etc.

MSEDCL is printing the bank details on the electricity bills of residential and CHS consumers whose bill is more than 10,000. These consumers can avail this facility by using the virtual account details of MSEDCL given on their bill in their RTGS and NEFT application they submit to their bank. Also, the consumer can make payment only in the account number given on their electricity bill.

Direct Link through SMS
To make payment remotely from their home, MSEDCL sends direct payment link via SMS to LT consumers. A direct payment link is being sent via SMS including the details of bill amount, due date, etc to the consumers who have registered their mobile number with MSEDCL. The consumer can make payment using this link. The consumers who have not yet registered their mobile number with MSEDCL can send a SMS through that number typing MREG (space) (12-digit consumer number) to 9930399303. Apart from this, the consumer can also register by logging on to MSEDCL website i.e. www.mahadiscom.in or MSEDCL's Mahavitaran Mobile app.

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An examination of payments issues is taking place in the context of the review of the OECD’s 1999 guidelines on e-commerce. This report looks at what might need to be amplified or revised to enhance consumer trust and adoption of new and emerging online and mobile payment mechanisms. It reflects contributions made by national delegations, business and civil society.

This guidance addresses a number of key issues in the emerging mobile and online payment area, including the need to establish minimum levels of consumer protection across payment mechanisms, enhanced privacy and child protection, and standards for transparent and accessible information disclosures.

5,500 workers at Dnata, which supplies frozen meals to businesses like Qantas received the news they were no longer eligible for the $1500/fortnight payment on Monday.

2. The Informant is an individual user/consumer of the services provided by PayU and other e-payment gateways.

3. PayU is a fintech company that provides payment technology solutions to online merchants. It was founded in the year 2002 and has its head-quarter at Hoofddorp, Netherlands. It allows online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications. Further, PayU is the e-payment division of Naspers, a global internet and entertainment group and one of the leading technology investors in the world. Naspers is a leading financial services provider in the global growth markets and is engaged in the business of providing payment gateway services and other digital payment enablement services to both consumers and businesses. It also holds a Non- Banking Financial Company ('NBFC') license in India to offer credit services.