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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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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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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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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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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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Paytm, Razorpay Searched In Bengaluru In Probe Into Chinese Loan App
The Enforcement Directorate searched the premises of online payment companies including Razorpay Pvt Ltd, Cashfree Payments and Paytm Payment Services Ltd. as part of a probe into a Chinese loan app.
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Aadhaar Can Be Used to Avail 8 Online Services by Delhi Government, Not Mandatory for All, UIDAI Says
Aadhaar services can now be used for eight online services offered by the Delhi government. The UIDAI has given its nod to the Industries Department in the union territory. The Aadhaar card holders will be briefed about the process with detailed information on how the Aadhaar data will be used by the government.
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Aadhaar Now Acceptable For 8 Online Services Of Delhi Government
Delhi government's industries department has been authorised by the UIDAI to accept Aadhaar for its eight online services, including conversion to freehold, and online payment of dues and refund requests, officials said on Monday.
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RBI Seeks Public Opinion on Fees, Charges in Payments Systems: All Details
The Reserve Bank of India (RBI) is seeking public opinion on fees and charges on payment systems including Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time Gross Settlement (RTGS) system, Unified Payments Interface (UPI), and debit and credit cards. The central bank wants to make such transactions afford...
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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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Tata Neu: From Discounts to Online Payments, All You Need to Know About Tata’s ‘Super App’
Tata Neu is a new ‘super app’ launched by the Tata group in India, allowing customers to make and receive payments on the app. The service also allows users to make purchases across Tata services online, allowing them to avail of discounts while earning NeuCoins, which can be used to make future purchases. Here’s everything you need to know a...
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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.
-
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.
-
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...
-
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).
-
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.
-
Paytm, Razorpay Searched In Bengaluru In Probe Into Chinese Loan App
The Enforcement Directorate searched the premises of online payment companies including Razorpay Pvt Ltd, Cashfree Payments and Paytm Payment Services Ltd. as part of a probe into a Chinese loan app.
-
Aadhaar Can Be Used to Avail 8 Online Services by Delhi Government, Not Mandatory for All, UIDAI Says
Aadhaar services can now be used for eight online services offered by the Delhi government. The UIDAI has given its nod to the Industries Department in the union territory. The Aadhaar card holders will be briefed about the process with detailed information on how the Aadhaar data will be used by the government.
-
Aadhaar Now Acceptable For 8 Online Services Of Delhi Government
Delhi government's industries department has been authorised by the UIDAI to accept Aadhaar for its eight online services, including conversion to freehold, and online payment of dues and refund requests, officials said on Monday.
-
RBI Seeks Public Opinion on Fees, Charges in Payments Systems: All Details
The Reserve Bank of India (RBI) is seeking public opinion on fees and charges on payment systems including Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time Gross Settlement (RTGS) system, Unified Payments Interface (UPI), and debit and credit cards. The central bank wants to make such transactions afford...
-
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...
-
Tata Neu: From Discounts to Online Payments, All You Need to Know About Tata’s ‘Super App’
Tata Neu is a new ‘super app’ launched by the Tata group in India, allowing customers to make and receive payments on the app. The service also allows users to make purchases across Tata services online, allowing them to avail of discounts while earning NeuCoins, which can be used to make future purchases. Here’s everything you need to know a...
