India Balance Of Payments
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Big Changes For UPI Users: NPCI To Roll Out New API Restrictions From August 1
These rules limit the number of times users can perform specific activities daily, such as checking account balances, running autopay payments, and checking transaction status.
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'Pakistan Not Allowed To...': IMF Explains $2.3 Billion Bailout Payments
Amid questions by India over international agencies' aid funding to Pak after the Pahalgam terror attack, the IMF said Pakistan is not allowed to divert financial assistance provided to its central bank.
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Paytm UPI Statement Download Feature Introduced to Help Users Track Transactions
Paytm, the digital payments company, introduced a new unified payments interface (UPI) feature on Wednesday. The new feature, dubbed UPI statement download, allows users to get a detailed statement of their transaction history for the desired period. The service is available to all users without any cost. The company highlighted that the feature wi...
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RBI Extends Currency Swap Support For SAARC Nations Until 2027
The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.
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Switch To Other Apps From Paytm, Traders' Body To Businesses: 10 Points
The Confederation of All India Traders (CAIT) has asked traders to switch from Paytm to other payment apps, after the Reserve Bank of India (RBI) ordered Paytm Payments Bank to stop services from February 29 over alleged violations of norms.
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RBI Restricts Paytm Payments Bank From Taking New Deposits, Credit Transactions
The Reserve Bank of India on Wednesday restricted Paytm Payments Bank Ltd from taking fresh deposits and credit transactions across its services, due to non-compliance of regulations and supervisory concerns.
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Pakistan Finance Minister Says Allah Responsible For Country's Prosperity
Finance Minister Ishaq Dar on Friday said Pakistan is the only country founded in the name of Islam and Allah is responsible for its development and prosperity, as the cash-strapped nation faced an acute balance of payments crisis.
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Garena Free Fire Probe: Enforcement Directorate Searches Premises, Freezes Bank Accounts of Coda Payments
The Enforcement Directorate on Tuesday said that it had searched the premises of Coda Payments India, the distributor for Free Fire, the popular battle royale game that was banned in India earlier this year. The agency also announced via Twitter that it had frozen Coda's bank account with a balance of Rs. 685.3 million. Garena Free Fire was one of ...
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UPI Lite Launched for Offline Transactions Alongside UPI on RuPay Credit Cards, BBPS Cross-Border Payments
The Reserve Bank of India (RBI) launched UPI Lite for feature phones on Tuesday, allowing Indian users to enable offline transactions for a small amount limit. The on-device wallet was launched by RBI Governor Shaktikanta Das alongside the unveiling of UPI on RuPay credit cards enabling of Bharat Bill Pay System (BBPS) for cross-border bill payment...
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TRAI Wants Free USSD Messages for All Users to Encourage Digital Payments
TRAI is seeking to make Unstructured Supplementary Service Data (USSD) messages free for all mobile customers in the country, seeking to bring the charges down from 50 paise down to zero. The regulatory authority stated that the intent of making USSD messages free was to encourage digital payments in the country.
-
Nokia, Lenovo Settle Long-Standing Patent Fight, Resolve All Pending Litigation
Nokia and Lenovo have settled a long-standing patent fight and resolved all pending litigation in all jurisdictions including in India and the US. While terms of the cross-license agreement remain confidential, Lenovo will make a net balancing payment to Nokia, the Finnish telecom equipment maker said.
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IMF Approves Nearly $1.4 Billion To Pakistan To Meet Balance Of Payment Crisis
The IMF has approved disbursement of USD 1.386 billion as a financial assistance to cash-strapped Pakistan to meet its urgent balance of payment needs stemming from the COVID-19 outbreak.
-
IMF Approves USD 6 billion Loan For Pakistan With Tough Conditions
The IMF has approved a three-year USD 6 billion loan for cash-strapped Pakistan with tough conditions to address its balance of payment crisis and help the country's ailing economy return to "sustainable growth".
-
OnePlus 6T Amazon Sale Brings Cashback Offer, No-Cost EMI, Instant Discount
OnePlus 6T buyers will get Rs. 2,000 cashback in the form of Amazon Pay balance when they pay using any prepaid payment method.
-
Jet Airways Delays September Salary Payment, Clears August Dues Of Staff
Crisis-hit Jet Airways yesterday paid the balance amount of salaries for the month of August to its pilots, engineers and senior management but told them that September payments would be delayed, sources said.
-
Big Changes For UPI Users: NPCI To Roll Out New API Restrictions From August 1
These rules limit the number of times users can perform specific activities daily, such as checking account balances, running autopay payments, and checking transaction status.
-
'Pakistan Not Allowed To...': IMF Explains $2.3 Billion Bailout Payments
Amid questions by India over international agencies' aid funding to Pak after the Pahalgam terror attack, the IMF said Pakistan is not allowed to divert financial assistance provided to its central bank.
-
Paytm UPI Statement Download Feature Introduced to Help Users Track Transactions
Paytm, the digital payments company, introduced a new unified payments interface (UPI) feature on Wednesday. The new feature, dubbed UPI statement download, allows users to get a detailed statement of their transaction history for the desired period. The service is available to all users without any cost. The company highlighted that the feature wi...
-
RBI Extends Currency Swap Support For SAARC Nations Until 2027
The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.
-
Switch To Other Apps From Paytm, Traders' Body To Businesses: 10 Points
The Confederation of All India Traders (CAIT) has asked traders to switch from Paytm to other payment apps, after the Reserve Bank of India (RBI) ordered Paytm Payments Bank to stop services from February 29 over alleged violations of norms.
-
RBI Restricts Paytm Payments Bank From Taking New Deposits, Credit Transactions
The Reserve Bank of India on Wednesday restricted Paytm Payments Bank Ltd from taking fresh deposits and credit transactions across its services, due to non-compliance of regulations and supervisory concerns.
-
Pakistan Finance Minister Says Allah Responsible For Country's Prosperity
Finance Minister Ishaq Dar on Friday said Pakistan is the only country founded in the name of Islam and Allah is responsible for its development and prosperity, as the cash-strapped nation faced an acute balance of payments crisis.
-
Garena Free Fire Probe: Enforcement Directorate Searches Premises, Freezes Bank Accounts of Coda Payments
The Enforcement Directorate on Tuesday said that it had searched the premises of Coda Payments India, the distributor for Free Fire, the popular battle royale game that was banned in India earlier this year. The agency also announced via Twitter that it had frozen Coda's bank account with a balance of Rs. 685.3 million. Garena Free Fire was one of ...
-
UPI Lite Launched for Offline Transactions Alongside UPI on RuPay Credit Cards, BBPS Cross-Border Payments
The Reserve Bank of India (RBI) launched UPI Lite for feature phones on Tuesday, allowing Indian users to enable offline transactions for a small amount limit. The on-device wallet was launched by RBI Governor Shaktikanta Das alongside the unveiling of UPI on RuPay credit cards enabling of Bharat Bill Pay System (BBPS) for cross-border bill payment...
-
TRAI Wants Free USSD Messages for All Users to Encourage Digital Payments
TRAI is seeking to make Unstructured Supplementary Service Data (USSD) messages free for all mobile customers in the country, seeking to bring the charges down from 50 paise down to zero. The regulatory authority stated that the intent of making USSD messages free was to encourage digital payments in the country.
-
Nokia, Lenovo Settle Long-Standing Patent Fight, Resolve All Pending Litigation
Nokia and Lenovo have settled a long-standing patent fight and resolved all pending litigation in all jurisdictions including in India and the US. While terms of the cross-license agreement remain confidential, Lenovo will make a net balancing payment to Nokia, the Finnish telecom equipment maker said.
-
IMF Approves Nearly $1.4 Billion To Pakistan To Meet Balance Of Payment Crisis
The IMF has approved disbursement of USD 1.386 billion as a financial assistance to cash-strapped Pakistan to meet its urgent balance of payment needs stemming from the COVID-19 outbreak.
-
IMF Approves USD 6 billion Loan For Pakistan With Tough Conditions
The IMF has approved a three-year USD 6 billion loan for cash-strapped Pakistan with tough conditions to address its balance of payment crisis and help the country's ailing economy return to "sustainable growth".
-
OnePlus 6T Amazon Sale Brings Cashback Offer, No-Cost EMI, Instant Discount
OnePlus 6T buyers will get Rs. 2,000 cashback in the form of Amazon Pay balance when they pay using any prepaid payment method.
-
Jet Airways Delays September Salary Payment, Clears August Dues Of Staff
Crisis-hit Jet Airways yesterday paid the balance amount of salaries for the month of August to its pilots, engineers and senior management but told them that September payments would be delayed, sources said.
