Payment

The Reserve Bank of India (RBI) said on Friday that Paytm can transfer its Unified Payments Interface-based payments business from Paytm Payments Bank to four to five other banks.The RBI asked Paytm to stop onboarding new users until it completes the migration of the existing accounts to these banks. The RBI had earlier directed Paytm Payments Bank to stop offering banking services after March 15.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional…

The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) on Tuesday urged the Nigerian government to put an end to the receipt of payments for all petroleum products in US dollars. This, the association said, is part of measures to address the continued rise in prices of petroleum products in the country. Benneth Korie, the president of NOGASA, disclosed this at a press briefing in Abuja on Tuesday. He explained that most Nigerians have adopted dollars as their main currency of exchange and trading while…

Merchant-led digital payments provider Mswipe Technologies on Monday said that it has been granted payment aggregator (PA) licence by the Reserve Bank of India (RBI).This comes after the company received an in-principle nod from the central bank to operate as a PA in August 2022.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIndian School of BusinessISB Product ManagementVisitIIT DelhiIITD…

One 97 Communications, which runs Paytm, has shifted its nodal accounts or escrow accounts to private-sector lender Axis Bank, the company said in a filing to the BSE.This will ensure that merchants who accept digital payments through Paytm will be able to continue doing so. The Reserve Bank of India had asked Paytm to close all its nodal accounts with Paytm Payments Bank latest by February 29.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional…

One 97 Communications, which runs payment application Paytm, is focussing on the third-party payment app (TPAP) route to ensure that the Unified Payments Interface (UPI) remains open for its users, people aware of the matter told ET.Discussions on this have started with the National Payments Corporation of India (NPCI), one of the persons said. NPCI runs the UPI ecosystem in the county.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIM…

Image Source : FILE Representational Image Last week, the Reserve Bank of India (RBI) directed Paytm Payments Bank to stop accepting new deposits or top-ups in any customer accounts, wallets, or FASTags after February 29. The reason given was non-compliance with regulations. Since then, Paytm has been working to reassure its users. CEO Vijay Shekhar Sharma has…

In a shocking decision last week, the Reserve Bank of India had ordered Paytm Payments Bank not to accept fresh deposits or top-ups in any customer account, wallets or FASTags after February 29, citing non-compliance and regulatory concerns.…

Google Ads is currently investigating issues related to payments and credit cards. Users experiencing these problems are unable to update their payment methods or credit card details at this time.Why we care. If your campaign is impacted by these issues, rest assured that the problem lies with Google Ads, and they are actively working to resolve it. First spotted. The bug was first flagged by marketing consultant Lior Krolewicz, who uploaded a preview clip onto his X account: Krolewicz discovered a “Fix…

Traders' body the Confederation of All India Traders (CAIT) on Sunday issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations. "The Reserve Bank of India has imposed certain restrictions, prompting CAIT to recommend that users take proactive measures to protect their funds and ensure uninterrupted financial transactions. Large number of small traders, vendors, hawkers and women are making payments…

Apple has rolled out the first beta update for iOS 17.4, bringing significant changes primarily focused on…