Tag: cross-border payments
India seeks payment-system links in every FTA, Commerce Secy says: Report
India is seeking to link its payment systems with those of its trading partners as part of every free trade agreement it negotiates, as New…
UPI still has ‘lot of scope’ to grow, rural and offline access key challenges: NPCI CTO
Mumbai: The Unified Payments Interface (UPI) still has significant room to expand, particularly in reaching rural populations and developing offline payment solutions, National Payments Corporation…
Niyo acquisition: Niyo to acquire Capital India’s RemitX forex business for Rs 11.4 crore
Travel fintech Niyo has agreed to acquire Capital India Finance’s RemitX foreign exchange business for Rs 11.4 crore, adding a network of 32 branches and…
Local payment companies eye cross-border pay prize
Large payment aggregators, such as Razorpay, PayU and Cashfree, are doubling down on cross-border payments, threatening to squeeze out early-stage startups built around the revenue…
Asking a friend to book overseas purchases risks FEMA violations
Mumbai: Bidding online for a painting hosted by a London auctioneer. Booking a limited edition watch hosted by a Singapore dealer on a members-only e-com…
India-Russia annual summit could boost mutual recognition of national card systems
India-Russia cross-border payment system that would smoothen travel of individuals and businesses from both sides in each other’s country can get a boost at next…