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No Plan To Levy Merchant Discount Rate On UPI Transactions: Finance Ministry
The Finance Ministry on Wednesday said that "speculation and claims that the MDR (merchant discount rate) will be charged on UPI transactions are completely false, baseless, and misleading".
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Visa Partners Wirex to Offer Crypto Payment Services to Merchants Globally
Visa has struck a partnership with Wirex to bring crypto payment services to merchants around the world. An alternative to banking, Wirex allows people to process transactions in traditional currencies as well as through crypto assets.
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Binance Pulls the Shutter Down on Its Fiat-to-Crypto Platform Binance Connect a Year After Launch
Binance shut down its fiat-to-crypto platform Binance Connect on Wednesday. The company reportedly conducted an internal review of its service offerings and evaluated which ones were not bringing in the expected engagement. Binance Connect, unfortunately, did not make it to the list of services that the exchange decided to retain.
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Paytm to Resubmit Application for Authorisation of Payment Aggregator Services
Paytm has shared an update with the exchanges about its 100 per cent subsidiary, Paytm Payments Services. The company can now resubmit the application within 120 calendar days for the payment aggregator services. Ahead of that, the company will seek necessary approval for past downward investment from Paytm into its subsidiary.
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Pine Labs Sets Target of Up to $5 Billion in Monthly Payments Volume From Plural Service in Two Years
Pine Labs, the company that provides point-of-sale machines to offline merchants for card payments, said it is targeting up to $5 billion (roughly Rs. 39,600 crore) in monthly transactions within two years, for its online payments business, Plural. The firm also expects online payments to contribute 20 percent of revenue. Plural was launched last y...
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India Can Begin Extradition Process Against Nirav Modi: Britain Authority
India has been informed by the UK's Crown Prosecution Service (CPS) that it can initiate extradition proceedings against Indian diamond merchant Nirav Modi even though his exact whereabouts remain uncertain, a senior Indian official said today.
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No Plan To Levy Merchant Discount Rate On UPI Transactions: Finance Ministry
The Finance Ministry on Wednesday said that "speculation and claims that the MDR (merchant discount rate) will be charged on UPI transactions are completely false, baseless, and misleading".
-
Visa Partners Wirex to Offer Crypto Payment Services to Merchants Globally
Visa has struck a partnership with Wirex to bring crypto payment services to merchants around the world. An alternative to banking, Wirex allows people to process transactions in traditional currencies as well as through crypto assets.
-
Binance Pulls the Shutter Down on Its Fiat-to-Crypto Platform Binance Connect a Year After Launch
Binance shut down its fiat-to-crypto platform Binance Connect on Wednesday. The company reportedly conducted an internal review of its service offerings and evaluated which ones were not bringing in the expected engagement. Binance Connect, unfortunately, did not make it to the list of services that the exchange decided to retain.
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Paytm to Resubmit Application for Authorisation of Payment Aggregator Services
Paytm has shared an update with the exchanges about its 100 per cent subsidiary, Paytm Payments Services. The company can now resubmit the application within 120 calendar days for the payment aggregator services. Ahead of that, the company will seek necessary approval for past downward investment from Paytm into its subsidiary.
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Pine Labs Sets Target of Up to $5 Billion in Monthly Payments Volume From Plural Service in Two Years
Pine Labs, the company that provides point-of-sale machines to offline merchants for card payments, said it is targeting up to $5 billion (roughly Rs. 39,600 crore) in monthly transactions within two years, for its online payments business, Plural. The firm also expects online payments to contribute 20 percent of revenue. Plural was launched last y...
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India Can Begin Extradition Process Against Nirav Modi: Britain Authority
India has been informed by the UK's Crown Prosecution Service (CPS) that it can initiate extradition proceedings against Indian diamond merchant Nirav Modi even though his exact whereabouts remain uncertain, a senior Indian official said today.
