Search result for Payments
A glitch in Japan's payments clearing system affects 11 institutions
The operator of Japan's payments clearing network reported on Tuesday that the system had experienced a glitch, which caused some clients of 11 different banks, including MUFG Bank, to experience issues with their ability to transfer funds.
According to the Payment Clearing Network ...
SBI Research deems the withdrawal of Rs 2,000 notes a non-event, as India's digital payments ecosystem is robust.
SBI Research stated in its most recent Ecowrap that the withdrawal of Rs 2,000 banknotes is likely to be a non-event because India has adopted digital payments on a massive scale.
India has been experiencing new milestones in digital payments, both in terms of value and volume, which de...
Sarvatra Technologies, ICICI Bank, IDFC First Bank, and Pine Labs have teamed up to broaden UPI for G20 visitors.
By working together, tourists from G20 countries will be able to make purchases at any of India's five million retailers that take payments via QR code.
Payment’s technology company Sarvatra Technologies Ltd. has announced a partnership with ICICI Bank, IDFC First Bank, and Pi...
Harsh Goenka posts a photo of a Bengaluru tea vendor that takes cryptocurrency payments
Harsh Goenka posted a photo of a tea vendor in Bengaluru who took cryptocurrency payments. Shubham Saini, a tea vendor, also responded to the industrialist's post.
Harsh Goenka posted a photo of a tea vendor taking bitcoin payments.
Shubham Saini, the tea vendor, was from ...
API – Payments wins Ekata the Technology Excellence Award
Customer experience and fraud have become major problems for organisations as a result of numerous companies across all industries ramping up their digital game, particularly amid a global epidemic that forced most transactions online. Ekata's Account Creation Solution, which separates possib...
Libeo, a French B2B payments expert, bids hello to the United Kingdom
According to the EY Global Fintech Adoption Index, the United Kingdom has the most developed fintech market for consumers in Europe, both in terms of size and usage. However, the rate of adoption of fintech among SMEs in the United Kingdom is far lower, with just 49% of UK firms still using paper...
Russia is developing means for receiving rouble payments for gas
The Kremlin said on Monday that Russia was working on means for taking rouble payments for its gas exports and that it would make a decision if European nations refused to pay in Russian currency.
Dmitry Peskov, a Kremlin spokesman, said there will be a defined mechanism for making such...
South Korea and Indonesia resume talks over fighter jet project
South Korea and Indonesia will be holding their final round of negotiations next week in the Southeast Asian country. This deal is being carried out to address Indonesia’s overdue payments for a joint fighter development project.
Highlights
- South...
Razorpay to launches ‘TokenHQ’, a multi-network tokenization solution
Financial solutions company Razorpay announced the launch of 'TokenHQ'. This is secure multi-network Card-on-File tokenization solution to secure customers financial data. This has been developed in line with the recently-issued guidelines by the RBI.
Highlights...
MoneyGram collaborates with Stellar Development Foundation to allow users to send money using USDC Stablecoin
Highlights
- MoneyGram partners with Stella Development Foundation
- This collaboration is done for blockchain payments
MoneyGram, International money-transfer giant strikes a deal with a non-profit organization, Stellar Development Foun...
South Korean parliament passes Telecommunications Business Act
Highlights
- The parliament approves Telecommunications Business Act
- This model will keep cost of devices low for customers
On Tuesday, South Korea's parliament approved a bill, according to the bill major app store operators such ...
New laws for digital wallets like Google pay, Apple pay and WeChat Pay by the Australian government
Highlights
- These digital wallets have become hugely popular in the recent years
- Digital wallets have grown from 2% in 2016 to 8% in 2019
Tech giants like Apple and alphabet’s Google are facing new rules and regulations by the A...
Reasons for Tremendous Growth of Global Recurring Payments Market during 2021 – 2029 - A Report by Absolute Markets Insights
The growth of online payment methods around the globe has been facilitated by the proliferation of smart devices and the internet. Recurring payments, also referred to as periodic pay or AutoPay, is a system in which the consumer has provided permission to the product or service provider to deduc...
INSTANT MESSAGING APP "SIGNAL" LAUNCHES THE BETA OF SIGNAL IN-APP FOR CRYPTO TRANSACTIONS
Highlights:
- For signal in-app privacy will be of utmost importance
- It will be limited to the UK for now
With cryptocurrencies making an effort to become a mainstream payment mode, signal in-app payments is launching its beta version of enabling crypt...
NANDAN NILEKANI: CRYPTOCURRENCIES AS ASSETS CAN BE ALLOWED IN INDIA
Highlights:
• The Infosys co-founder thinks that the Indian UPI is too efficient and cryptocurrency networks can't compete with it
• He proposes cryptocurrencies as a held asset a...
US-BASED STARTUP STRIPE TO SOON MAKE ITS DEBUT IN INDIA
Highlights
• US-based payments startup Stripe is probably one of the most talked about topic across the world thankfully because of its latest fundraise of $600 million at a valuation of a whopping $95 billion
• Stripe will also soon be available to millions more bus...
JAPAN POST INVEST 8% STAKE IN RAKUTEN FOR PARTNERSHIP IN DELIVERIES
Highlights –
- Japan Post invest 8% stake in Rakuten for partnership in deliveries.
- The news leads Rakuten shares to shoot up 8.6% in Friday trading.
- The country’s post office will gain technology advice and personnel from Rakuten...
AMBANI TO PARTNER WITH FACEBOOK AND GOOGLE
HIGHLIGHTS
- Mukesh Ambani is going to forge a partnership with Facebook and Google.
- Three partners seek to obtain a license to enter India’s digital payments business.
Reliance Industries Ltd., led by Asia’s richest man Mu...
Global Recurring Payments Market by Current Industry Status, Growth Opportunities, Top Key Players, and Forecast till 2028- A Report by Absolute Markets Insights
Europe recurring payments market was valued at US$ 5899.33 million in 2020 and is expected to reach US$ 28395.84 million by 2028, growing at a CAGR of 21.7% over the forecast period. More companies in the world are embracing business models focused on subscription and recurring payments. The adva...
UBS MAY INVEST $400 MILLION IN INDIA'S PAYTM
HIGHLIGHTS
- UBS Group might be planning to invest $400 million in Paytm.
- Paytm is owned by Ant Group of India.
According to some media reports, UBS Group may invest $400 million in Paytm, which is owned by India-based Ant Group. With ...