After Vedanta-Foxconn, Fintech PhonePe Also Decides To Move From Maharashtra
After the Vedanta-Foxconn semiconductor project, the Fintech app PhonePe has also decided to move from Maharashtra. In a public notice issued on September 22, the Maharashtra government notified that the PhonePe office in Mumbai will be shifted to Karnataka. Phonepe shifting its Mumbai office to Bengaluru comes as another setback to the ruling Sena-BJP government. Notably, Vedanta has decided to shift its headquarters to Gujarat.
Tags: phonepe, fintech, Maharashtra(95), Office Shift, Vedanta
Courtesy: The Free Press Journal
IT Department Raids Chinese Mobile Companies And Fintech In Major Cities
The Income Tax Department started massive searches on leading Chinese mobile companies and Fintech companies in India. The search started on December 21 and is still underway, includes companies like Oppo, Xiaomi, and One Plus. "Raids are going on in Mumbai, Delhi, Bengaluru, Greater Noida, Kolkata, Guwahati, Indore and other regions. The major crackdown was based on an intelligence input of tax evasion, but further details are awaited.
Tags: fintech, Chinese Mobile companies, Tax Evasion, Income Tax Department, metropolitan cities
PM Modi To Inaugurate Leadership FinTech Forum On Dec 3
Prime Minister Narendra Modi will be inaugurating a leadership Forum on Financial technology at 10 AM via video conferencing on December 3. Reportedly, over 70 countries will participate in the forum, including Finance Minister of Malaysia, Indonesia, and Reliance Industries Chairman, Mukesh Ambani. The forum's agenda is… read-more
Tags: Narendra Modi, Finance, Technology, fintech, business
Paytm To Allow Smartphone-based NFC Card Payments For Merchants
Paytm will soon facilitate merchants to use android smartphones to receive Near Field Communication (NFC)-enabled debit and credit card payments from the 'Paytm for Business' App. Powered by Software Point-of-Sale (SoftPoS) technology, the fintech major's latest multilingual service, dubbed 'Paytm Smart POS', modifies a smartphone to accept payments by simply tapping the card on the phone's back. Reportedly, Paytm has already tested its soft-… read-more
Tags: Paytm, NFC, Paytm for Business, SoftPoS, Credit Card, payment, fintech, Android