Startups target banks’ small business customers in forex payments drive

Startups target banks’ small business customers in forex payments drive

LONDON (Reuters) – Revolut and TransferWise are signing up thousands of small businesses a month for foreign exchange payments, touting slicker service and lower fees as they try to take on banks in a sector with flows of $7 trillion...
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Amazon invests Rs 130 cr in payments arm in India

Amazon invests Rs 130 cr in payments arm in India

Amazon has pumped in Rs 130 crore into its payments entity, Amazon Pay India, as it looks to expand its operations in the country and compete head-on with the likes of Flipkart’s PhonePe and Alibaba-backed Paytm. Amazon Corporate Holdings and...
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Digital Payments: Indirect Tax Assessments Not To Be Reopened If Turnover Rises

Digital Payments: Indirect Tax Assessments Not To Be Reopened If Turnover Rises

The governmenthas been encouraging people to shift towardsdigital mode of payment. New Delhi: The Revenue Department on Sunday said officials will not reopen the past assessments of excise and service tax of assessees even if their turnover in the current p...
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Digital Payments Push: Single UPI Platform In Offing For Banks

Digital Payments Push: Single UPI Platform In Offing For Banks

New Delhi: In order to promote digital transactions, an upgraded Unified Payments Interface for banks is in the offing that will provide a cost effective and secured option, a senior finance ministry official has said. A single UPI platform is...
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U.S. Bank and Sage Announce AP Optimizer to Streamline Invoice Payments

U.S. Bank and Sage Announce AP Optimizer to Streamline Invoice Payments

U.S. Bank (NYSE:USB) and Sage (LON:SGE) announced this week at Sage Summit 2016 in Chicago a new partnership that will benefit Sage customers in the U.S. and Canada. The partnership centers around the introduction of AP Optimizer, an application built by...
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RBI Releases Final Rules for Payments, Small Finance Banks Licenses

RBI Releases Final Rules for Payments, Small Finance Banks Licenses

Reserve Bank of India (RBI) issued on Thursday final guidelines for companies seeking to set up so-called payments banks and small finance banks in a bid to expand banking services to more people and small businesses. Payments banks can accept...
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