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Panipuri Vendor Gets GST Notice After Earning Rs 40 Lakh, Internet Divided
A pani puri vendor from Tamil Nadu has come under the Goods and Services Tax (GST) authorities' scanner after reportedly receiving online payments amounting to Rs 40 lakh during the 2023-24 financial year.
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Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator
India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.
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65% Transactions Now Digital In Small-Town India, Gen X Leads The Charge
About 65 per cent of transactions by consumers in small-town India are now digital, while in larger cities this ratio was around 75 per cent, a new report showed on Tuesday.
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How India's UPI Is Marking Its Presence Ahead Of The Paris Olympics
After the successful implementation of the Unified Payments Interface or UPI for online ticket booking at Eiffel Tower, NPCI International Payments Limited (NIPL) today enabled the acceptance of UPI at Galeries Lafayette ahead of the Paris Olympics.
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Flipkart Launches UPI Service in Partnership With Axis Bank to Counter Third-Party Apps
Flipkart launched the Unified Payments Interface (UPI) service in collaboration with Axis Bank. The Flipkart UPI will be initially available for Android users and can be used for online and offline payments. With the latest update, customers can now pay bills and make fund transfers directly from the Flipkart app.
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Apple Lands into Legal Trouble for Obstructing Crypto Tech from iOS Payment Apps
A group of Apple users have filed an official lawsuit accusing the iPhone-maker for not expanding its array of peer-to-peer payment services and especially restricting crypto payments. The plaintiffs, in their complaint, have accused Apple of blocking crypto payments that forced some of its users to continue paying in ‘rapidly inflating prices’...
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PayPal Moves Delhi High Court Against Order Holding It as ‘Payment System Operator’ Under Money Laundering Law
American online payment gateway PayPal on Wednesday moved the Delhi High Court against an order which ruled that it was a "payment system operator" under the Prevention of Money Laundering Act (PMLA) and has to thus comply with "reporting obligations" under it.
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PayPal’s Stablecoin Launch Opens Floodgates for Scam Tokens; Here’s How to Identify Real PYUSD
Over 30 pairs of scam tokens copying PayPal’s PYUSD stablecoin have been spotted by crypto analysts in the last few hours. Fake cryptocurrencies are most commonly used by scammers to perform rug pull and honeypot types of crypto scams, leaving investors and customers high and dry.
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Blockchain Could Save Fintech Firms Billions as Sector Players Seek Improved Cross-Border Payments: Report
A Ripple survey has claimed that sticthing blockchain into the existing financial sector could save around $10 billion (roughly Rs. 82,252 crore) in the next seven years leading up to 2030. Out of the total respondents, 97 percent have expressed confidence that the blockchain technology has the potential of improving online payment services, especi...
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Google Pay UPI Lite Feature for Pin-Free Digital Transactions Announced: Here's How to Use
Google Pay has introduced new UPI Lite services on its platform to make digital transactions a seamless experience. With UPL Lite, users will be able to perform quick digital payments with just one click, without the need to enter the UPI PIN that is used for Google Pay transactions. However, there are a few limitations in order to ensure the money...
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Paytm Gets 15-Day Extension To Apply For Online Payment Aggregator Permit
Digital financial services firm One97 Communications, which operates the Paytm brand, has 15 days more to apply for the online payment aggregator licence for its subsidiary PPSL, a regulatory filing said on Sunday.
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Amazon, Google in RBI’s List of Online Payment Aggregators, Over 50 Entities Granted License to Operate
RBI on Wednesday released a list of 54 entities, including Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments, which can continue to operate as Online Payment Aggregators (PAs).
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Seven Mega Banks to Team Up on Digital Wallet, Compete With Apple Pay, PayPal: Report
In the second half of 2023, seven major banks could co-launch a digital wallet service. These banks include Wells Fargo, Truist, Capital One, PNC Bank, and the US Bank along with Bank of America and JP Morgan. The banks involved in this project are looking to prevent losing customers, who are accustomed to using instant online payment services and ...
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Amazon 'Buy With Prime' to Roll Out to US Merchants on January 31 to Compete With Shopify Pay
Amazon has announced that it will roll out its 'Buy With Prime' button to allow merchants to sell products using its payment and delivery services outside it's shopping platform. The invite-only launch that was made available in April last year will be widely available to merchants in the US by January 31, according to the e-commerce firm.
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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.
![[Partner Content] OPPO Reno10 5G: Too Good to Be Real](https://c.ndtvimg.com/2023-08/c340pgu_image_640x480_03_August_23.png?downsize=245:163 "[Partner Content] OPPO Reno10 5G: Too Good to Be Real")
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Panipuri Vendor Gets GST Notice After Earning Rs 40 Lakh, Internet Divided
A pani puri vendor from Tamil Nadu has come under the Goods and Services Tax (GST) authorities' scanner after reportedly receiving online payments amounting to Rs 40 lakh during the 2023-24 financial year.
-
Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator
India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.
-
65% Transactions Now Digital In Small-Town India, Gen X Leads The Charge
About 65 per cent of transactions by consumers in small-town India are now digital, while in larger cities this ratio was around 75 per cent, a new report showed on Tuesday.
-
How India's UPI Is Marking Its Presence Ahead Of The Paris Olympics
After the successful implementation of the Unified Payments Interface or UPI for online ticket booking at Eiffel Tower, NPCI International Payments Limited (NIPL) today enabled the acceptance of UPI at Galeries Lafayette ahead of the Paris Olympics.
-
Flipkart Launches UPI Service in Partnership With Axis Bank to Counter Third-Party Apps
Flipkart launched the Unified Payments Interface (UPI) service in collaboration with Axis Bank. The Flipkart UPI will be initially available for Android users and can be used for online and offline payments. With the latest update, customers can now pay bills and make fund transfers directly from the Flipkart app.
-
Apple Lands into Legal Trouble for Obstructing Crypto Tech from iOS Payment Apps
A group of Apple users have filed an official lawsuit accusing the iPhone-maker for not expanding its array of peer-to-peer payment services and especially restricting crypto payments. The plaintiffs, in their complaint, have accused Apple of blocking crypto payments that forced some of its users to continue paying in ‘rapidly inflating prices’...
-
PayPal Moves Delhi High Court Against Order Holding It as ‘Payment System Operator’ Under Money Laundering Law
American online payment gateway PayPal on Wednesday moved the Delhi High Court against an order which ruled that it was a "payment system operator" under the Prevention of Money Laundering Act (PMLA) and has to thus comply with "reporting obligations" under it.
-
PayPal’s Stablecoin Launch Opens Floodgates for Scam Tokens; Here’s How to Identify Real PYUSD
Over 30 pairs of scam tokens copying PayPal’s PYUSD stablecoin have been spotted by crypto analysts in the last few hours. Fake cryptocurrencies are most commonly used by scammers to perform rug pull and honeypot types of crypto scams, leaving investors and customers high and dry.
-
Blockchain Could Save Fintech Firms Billions as Sector Players Seek Improved Cross-Border Payments: Report
A Ripple survey has claimed that sticthing blockchain into the existing financial sector could save around $10 billion (roughly Rs. 82,252 crore) in the next seven years leading up to 2030. Out of the total respondents, 97 percent have expressed confidence that the blockchain technology has the potential of improving online payment services, especi...
-
Google Pay UPI Lite Feature for Pin-Free Digital Transactions Announced: Here's How to Use
Google Pay has introduced new UPI Lite services on its platform to make digital transactions a seamless experience. With UPL Lite, users will be able to perform quick digital payments with just one click, without the need to enter the UPI PIN that is used for Google Pay transactions. However, there are a few limitations in order to ensure the money...
-
Paytm Gets 15-Day Extension To Apply For Online Payment Aggregator Permit
Digital financial services firm One97 Communications, which operates the Paytm brand, has 15 days more to apply for the online payment aggregator licence for its subsidiary PPSL, a regulatory filing said on Sunday.
-
Amazon, Google in RBI’s List of Online Payment Aggregators, Over 50 Entities Granted License to Operate
RBI on Wednesday released a list of 54 entities, including Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments, which can continue to operate as Online Payment Aggregators (PAs).
-
Seven Mega Banks to Team Up on Digital Wallet, Compete With Apple Pay, PayPal: Report
In the second half of 2023, seven major banks could co-launch a digital wallet service. These banks include Wells Fargo, Truist, Capital One, PNC Bank, and the US Bank along with Bank of America and JP Morgan. The banks involved in this project are looking to prevent losing customers, who are accustomed to using instant online payment services and ...
-
Amazon 'Buy With Prime' to Roll Out to US Merchants on January 31 to Compete With Shopify Pay
Amazon has announced that it will roll out its 'Buy With Prime' button to allow merchants to sell products using its payment and delivery services outside it's shopping platform. The invite-only launch that was made available in April last year will be widely available to merchants in the US by January 31, according to the e-commerce firm.
-
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.
