Search result for Transaction
High precision time protocols, originally designed for Europe's Big Science, guarantee honest financial transactions
It was European scientists who, more than a decade ago, developed extremely precise network time distribution procedures for CERN. Numerous sectors, including banking, have recently begun using them. John Fischer, Oralia’s v. p. of advanced research, holds his hands approximately 30 centime...
Wipro Gallagher has divested its holdings in Wipro Opus Risk Solutions.
According to a company filing, Wipro Gallagher Solutions, a wholly-owned subsidiary of Wipro Ltd, has sold its shareholding in Wipro Opus Risk Solutions. Wipro Gallagher has divested only the non-core mortgage due diligence business in this transaction, while retaining the core mortgage business ...
Authorities in Singapore detain 10 guys for an illegal MGO transaction
Ten individuals have been detained in Singapore on suspicion of taking part in an unauthorised sale of marine gas oil (MGO).
Off Southern Tuas Basin, police from the Police Coast Guard (PCG) detained eight crew members of tugboats registered in Singapore and abroad as part of a combined...
Police & Ibac To Investigate Transaction
The government of Victoria has asked the police and integrity bodies to investigate recent revelations that the chief of staff for the opposition leader proposed to ask a Liberal party donor to make payments totaling more than one hundred thousand dollars to the business of the chief of staff'...
Walmart to install 200 Bitcoin ATMs in its retail stores across US
Walmart American retail giant has decided to install 200 Bitcoin ATMs in its store branches across the country. People visiting the Walmart stores will now be able to insert a banknote in exchange for a paper voucher.
Highlights
• Walmart to install 200 ...
RBI’s auto-debit rules impact online transactions
Highlights
- Reserve Bank of India laid down the Auto-debit rules in 2019
- Various banks have implemented changes as per the new rules
The Reserve Bank of India laid down the auto-debit rules in 2019. These rules came into effect from O...
RBI enhanced guidelines for card Tokenisation in India
Highlights
- The RBI to conduct Tokenisation of card data
- Tokenisation of card data shall be done only with the customers consent
On Tuesday, The Reserve Bank of India, has improvised the guidelines of card tokenisation services. This ...
SoftBank Group Corp enters into a strategic partnership with Deutsche Telekom
Highlights
- SoftBank Group Corp enters into a long term partnership with Deutsche Telekom AG
- The agreement is also an equity share swap agreement between both companies
SoftBank Group Corp announced the equity share swap agreement and...
PAYPAL LAUNCHES CRYPTOCURRENCY SERVICE IN UK
HIGHLIGHTS
- PayPal has launched cryptocurrency service in the UK.
- Now PayPal will let its British users buy, hold and sell digital currencies.
- This is the first international expansion of PayPal’s cryptocurrency service since its launc...
MICAHEL MOSIER WILL TAKE OVER AS DIRECTOR FinCEN ON APRIL 11
Highlights:
- Mosier was the CTO of Chainalysis before he joined FinCEN
- The move to include Mosier who has a blockchain background as a professional means that the government is seriously pursuing illegal crypto-exchanges
Kenneth A Blanco, the current ...
S. KOREA’S HOME TRANSACTION SANK 25 PERCENT IN FEBRUARY 2021
Highlights –
- S. Korea’s home transaction sank 25 percent in February 2021.
- The number of home transactions in Seoul metropolitan area was 47,433 in February.
- In remaining parts of the country home transactions came to 39,588 in ...
PAYPAL TO HIRE 1000 ENGINEERS ACROSS INDIA
HIGHLIGHTS
- This year, PayPal is going to hire 1000 engineers for development centers in India.
- Outside USA, India has largest technology centers in India.
Digital payments giant PayPal is going to hire more than 1000 engineers this y...
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...
LENDERS TO JOIN HANDS TO DEVELOP DIGITAL BANKING INFRASTRUCTURE
HIGHLIGHTS
- Public sector banks are planning to build and share digital infrastructure.
- Not just software, banks are likely to share the hardware used for setting up the back office and servers.
In response to the rapid digital adopti...
E-TAILING TO REACH $ 140B GMV BY 2025
HIGHLIGHTS
- E-Commerce sector grew significantly in India during lockdown period.
- By 2025, E-tailing is expected to reach $ 140 billion GMV.
Among all the sectors which was impacted by COVID-19, e-commerce showed the most resilience a...
S. KOREA’S POPULATION MOBILITY RATE FELL IN JANUARY
Highlights –
- S. Korea’s population mobility rate fell in January.
- The number of people who changed their residences fell 2.2% in January.
- The transactions of houses also declined by 35.4 percent in the same reporting month. ...
FMCG COMPANIES CONTINUE TO BENEFIT FROM ONLINE SALES
HIGHLIGHTS
- FMCG companies are getting benefits due to online sales.
- A report by Unicommerce said that sales on e-commerce grew 36% in volume terms compared to FEB 2020.
- In DEC 2019 quarter, 30% growth was witnessed.
- In DEC 2020 q...
PAYPAL TO SHUT DOWN DOMESTIC PAYMENTS BUSINESS IN INDIA
HIGHLIGHTS
- PayPal is going to shut down domestic payments business in India from 1 APR 2021.
- International payments business is still going to continue for now.
- PayPal has partnered with many Indian businesses in past to increase its market...
PAYPAL: OUR DIGITAL WALLETS PERFECT FOR DIGITAL CURRENCY DISTRIBUTION
Highlights:
• PayPal wants to be chosen as the medium to distribute digital currency
• The company has plans to expand its ...
SOUTH KOREA RECORDS FRESH HIGH IN ONLINE SHOPPING IN DECEMBER
Highlights –
- South Korea records fresh high in online shopping in December.
- In December 2020, online shopping transactions stood at $14.2 billion.
- Smartphones, tablets, and other mobile device purchases rose 33.8 percent.
- O...