Business Today: Latest Business News, India economy News, Stock Markets, Sensex, Mutual Funds and Indian Tax
Search

Total 85 results found. Search for [ Unified Payments Interface ]

Results 1 to 21 of 85
PTI
New Delhi, June 23, 2018
WhatsApp, which is testing its payments services in India, today said it is updating its terms of service and privacy policy to \"reflect the addition of payment interoperability features\" ahead of the full-fledged launch of the service.


BusinessToday.In
New Delhi, June 18, 2018
Nirav Modi holds six Indian passports; agencies to file fresh FIRAbsconding jeweller Nirav Modi, wanted in the Rs 13,600 crore PNB fraud case, is reported to be in the possession of at least six Indian passports and the investigative agencies are likely to file a fresh FIR against him for this offence, senior officials confirmed. It is a criminal offence to possess more than one valid passport and also to use a revoked passport. Modi, who was earlier holed up in the UK, is now reported to have flown to Belgium, according to Indian intelligence agencies. His move to Belgium follows the pressure that India was building up on the Theresa May government to get him extradited. Challenge before government is to take growth rate to double digit: PM Modi at Niti AayogThe challenge before India is to take the economic growth rate to double-digits for which many more steps need to be taken, Prime Minister Narendra Modi told a meeting of chief ministers. Speaking at the Niti Aayog's fourth meeting of Governing Council, Modi stressed that the world expects India to become a USD 5 trillion economy soon. As many as 23 chief ministers and one Lt Governor attended the meeting. The notable absentees however were chief ministers of Odisha, Jammu and Kashmir and Delhi.Walmart deal will be cancerous to retail trade, says CAIT  The Walmart-Flipkart deal will be cancerous for the Indian retail industry, the Confederation of All India Traders (CAIT) has said in a letter to Finance Minister Piyush Goel. CAIT said today that its letter has also drawn the attention of Goel towards the inaction of the Commerce Ministry for not taking any steps so far in connection with Walmart Flipkart deal, despite sending communication to the trade minister. The trade body also apprehended that if no action is taken, other foreign e-Commerce majors like Amazon and Alibaba will also engage companies like Flipkart and the result would be consolidation of retail trade in very few hands which will be detrimental to offline retailers. The e-Commerce spectrum will also be vitiated to a great extent, it added.Trump favors long strike in Washington Post  US President Donald Trump has supported a proposed strike by The Washington Post workers demanding an increase in their salaries and other benefits, saying a really long strike would be a great idea. The President has been at loggerheads with several US mainstream media outlets, including the CNN, ABC News, The New York Times and the Washington Post. He has quite often described these popular media houses as \"fake media\".More than 400 employees of the Post have written to Amazon head Jeff Bezos seeking an increase in their salaries. Bezos owns the leading US daily.Almost 1 mn people 'testing' WhatsApp payments service in India  Almost one million people in India are \"testing\" WhatsApp's payments service, and the company is working with the Indian government, NPCI and multiple banks to further expand the feature to more users, a company official said. WhatsApp payment service, which rivals the likes of Paytm, has been in beta testing over the last few months. The Facebook-owned company hasn't yet announced a launch date but industry watchers expect it to happen in the next few weeks. WhatsApp had received permission from NPCI to tie up with banks to facilitate financial transactions via Unified Payments Interface (UPI). The Reserve Bank of India has mandated all payment system operators to ensure that data related to payments is stored only in India giving firms six months to comply with it.Excise duty cut in oil to impact India's fiscal deficit badly: Moody'sRating agency Moody's has sounded a note of caution that any reduction in excise duty on petrol and diesel would adversely affect fiscal deficit unless it is matched by a commensurate cut in expenditure. Pressure has been mounting on the government to cut excise duty on petrol and diesel to bring down their prices which have gone up following a spike in crude prices in the international market. According to government estimates, every rupee cut in excise duty on petrol and diesel will result in a revenue loss of about Rs 13,000 crore.


PTI
New Delhi, June 15, 2018
Digital India is about education, employment, entrepreneurship and empowerment as it will help realise the objective of reform, perform, and transform, says the Prime Minister.


PTI
June 15, 2018



BusinessToday.In
New Delhi, June 11, 2018
Last October, the Reserve Bank of India announced that it would allow interoperability among prepaid payment instruments (PPI) in phases, including e-wallets of private players. At the time, the expectation was that interoperability among KYC-compliant PPIs would be implemented by mid-April.


PTI
June 10, 2018



BusinessToday.In
New Delhi, May 22, 2018
The Narendra Modi government in November 2016 had banned old currency notes of Rs 500 and Rs 1,000, which comprised over 80 per cent the country's cash, to curb black money and promote digital transactions.


Teena Jain Kaushal
New Delhi, April 2, 2018
Forget the age-old plastic money or the more recent phenomenon called wallets. India is riding a clutch of new digital payment tools that are convenient and super fast.


PTI
March 20, 2018



BusinessToday.in
New Delhi, March 14, 2018
The bank says the collaboration will be in place soon. WhatsApp is in the test phase of its payments process and will be using the UPI for processing payments. 


PTI
March 7, 2018



BusinessToday.in
New Delhi, March 1, 2018
Customers who still haven't completed the KYC process and have money in their payment wallets do not need to panic as the RBI had said that the customers without KYC won't lose their money.


PTI
February 28, 2018



BusinessToday.in
February 27, 2018
Tomorrow is the last day for mandatory KYC-compliance by prepaid wallet customers and the Reserve Bank of India has refused to extend the deadline a second time saying \"sufficient time has already been given to meet the prescribed guidelines\".


BusinessToday.in
New Delhi, February 16, 2018
We are still concerned that this statement is silent on the critical issue of safety/security of a financial transaction through UPI, where consumers need to mandatorily sign-in with username and password, Paytm said on the approval.


BusinessToday.in
New Delhi, February 16, 2018
Digital payments in India, already witnessing unprecedented activity since the government's surprise demonetisation announcement in 2016, is likely to take a great leap forward with the entry of WhatsApp Payments.


BusinessToday.in
New Delhi, February 15, 2018
Sharma is also unhappy about the absence of log-in sessions in WhatsApp's new feature.


BusinessToday.in
New Delhi, February 12, 2018
WhatsApp commands a strong user base of 250 million across India. Introducing a person-to-person payment feature for all of them gives the messaging application an advantage from the get-go over other digital transaction applications.


Money Today Team
NA, February 6, 2018
Snippets


BusinessToday.in
New Delhi, January 4, 2018
Digital transactions rose 6.05% to 1.06 billion in December from 997.1 million in November


PAGES 1 OF 5  12345