Bajaj Finance Limited has collaborated with Worldline, a global payment services company, to offer point-of-sale (POS) payment acquisition solutions for its merchant network. The partnership will allow a wide range of payment instruments to be accepted on those terminals, including EMI cards, credit cards, UPI, and wallets. Billing integrations, EMI options, transaction processing, data analytics, and fraud control services will be provided… read-more
India's Unified Payments Interface (UPI) and Rupay cards will soon be approved in France, according to an Indian official in France. According to Indian Ambassador Jawed Ashraf, since India is at the forefront of digital technology, it has seized the issue of global semiconductor scarcity. India was also named "country of the year" at Vivatech 2020, Europe's largest start-up conference.
Courtesy: DNA India
The Financial Intelligence Unit has levied a penalty of Rs 96 lakh on the online payment application PayPal for breaching India's anti-money laundering laws. Reportedly, PayPal has been charged for "concealing" irregular financial transactions and encouraging the "disintegration" of the financial system. The US-based firm confirmed that it is reviewing the issue. Moreover, the firm was accused of "defeating and frustrating" public interest… read-more