Cashfree secures RBI licence to operate as cross-border payment playerThe huge amount of inward remittances to India every year and the freelancers and software service companies in India catering to global co...
Cross-border payments platform BriskPe raises $5 million seed funding from PayUFintech Briskpe will use the capital to strengthen its product and service offerings, build up its team, and scale its reach to enable more...
Paytm’s forex woes: Understanding the role of fintechs in cross-border paymentsThe Directorate of Enforcement (ED) is probing Paytm regarding forex violations by some of its merchants. In its response, Paytm has said i...
PayPal registers with FIU under anti-money laundering lawAmerican online payments gateway service provider PayPal has registered its operations with the Financial Intelligence Unit of India, about...
Cross-border norms bring ePay companies directly under RBI watchWith regulatory clarity comes an opportunity to attract more venture money to tap into the burgeoning export-import market of a growing eco...
PayPal moves HC against order holding it as payment system operator under money laundering lawAmerican online payment gateway PayPal moved the Delhi High Court. Senior advocate Mukul Rohatgi, appearing for the appellant, said that th...
Yes Bank partners with Cashfree Payments to offer international payment collection service to Indian exportersThe joint product allows global collections in more than 30 currencies up to the equivalent of $10,000.
How cross-border business trade solutions help scale your businessBesides generating revenue through inroads into newer markets, cross-border trade is an effective way for business expansion and brand awar...
Uncertain times ahead for exporters as RBI’s draft OEIF guidelines excludes services exportsIndia has always been a leader in services exports with a consistently growing share in the global services exports market.
For over 3-lakh service exporters, RBI’s draft OEIF guidelines a shot in the arm for the gig economyIndia is one of the biggest services export markets, with the estimated value of services exports amounting to $ 22.52 billion as of March ...
Panel on whether payment gateway reporting entity under PMLA contrary to court order: PayPal to HCPayPal has contended that only a bank or an authorised dealer of foreign exchange will be a reporting entity and it only a facilitator of f...
Committee set up to examine if payment gateway can be reporting entity under PMLA: Centre to HCThe submission was made before Justice Prathiba M Singh by Additional Solicitor General (ASG) Chetan Sharma who said the committee held a m...
PayPal faces Rs 96 lakh penalty for violating India's anti-money laundering processesPayPal, which began India operations in November 2017, said it was fully committed to follow due processes and is "carefully reviewing the ...
Startup with overseas unit can open foreign currency a/c abroad: RBIRBI said a start-up with an overseas subsidiary is permitted to open foreign currency account abroad to pool the foreign exchange earnings.
RBI norms to facilitate e-commerceThe Reserve Bank of India on Friday allowed banks to process and settle import and export related payments facilitated by online payment ga...
E-commerce: RBI allows banks to use e-payments for importsIn order to facilitate e-commerce, RBI permitted banks to enter into pacts with Online Payment Gateway Service Providers for import payment...
- RBI hikes cap for online repatriation of export proceeds
With an aim to arrest rupee slide by boosting forex inflows, RBI today raised the limit for online repatriation of export proceeds by over ...