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US Congress advances penny phaseout bill: What it means for you, the rounding rules, and how cash transactions could changeCongress is moving to end the production of one-cent coins for general circulation. The proposed Common Cents Act allows retailers to round...- How China’s big push to win back tourists is paying offChina's tourism sector is experiencing a significant resurgence after pandemic restrictions eased. Visa-free travel policies have attracted...
- H-1B visa rule changes: US expands $4,000 fee as Indian workers raise Green Card backlog concernsThe US Department of Homeland Security has expanded the $4,000 H-1B and $4,500 L-1 biometric fee to cover same-employer extensions filed by...
- H-1B, L-1 biometric fee hike: Who has to pay the extra $4,000 and $4,500 under new US rule?The US Department of Homeland Security has expanded the $4,000 H-1B and $4,500 L-1 biometric fee to same-employer visa extensions from Sept...
- Lok Sabha passes Bill enabling Centre to allow UPI charges, MDR on digital paymentsThe Lok Sabha approved amendments to the Payment and Settlement Systems Act. This change empowers the government to permit charges on digit...
- 'Is PM seeking to dilute UPI, open digital payments sector to US businesses': CongressCongress criticizes a new government bill concerning digital payments. The party alleges the bill could weaken UPI and favor American compa...
- 'Dubious claims': Congress' Jairam Ramesh hits back at Nirmala Sitharaman on taxation billJairam Ramesh countered Nirmala Sitharaman's claims regarding a new taxation bill. He stated government assurances do not replace statutory...
- India must not rewrite its UPI policies under US pressure: GTRIIndia's UPI policies should not be altered due to United States pressure. A think tank advises defending competition and policy autonomy fo...
- MDR on UPI will impact businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam RameshSitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and not on the end u...
- Impact of MDR’s return; KKR veterans to anchor new fundHappy Thursday! Competition in the payments space may change with merchant fees on UPI potentially making a comeback. This and more in toda...
- These 7 banking stocks have an upside potential of up to 25% in 1 year, according to analystsLet us assume FPI buying continues. That last month was not a one-off, but the start of a trend. If so, then sooner or later this money wil...
- Govt to move amendments to IT Act to pave way for levy of MDRET was the first to report on July 16 that the government could reintroduce MDR on UPI transactions for large merchants. This has been an i...
- Sarvam raises $75 million; Ather trims losses in Q1AI startup Sarvam will raise $75 million as part of a larger funding round. This and more in today’s ETtech Top 5.
- Banks mobilise $27.99 billion via FCNR deposits since RBI introduced USD-rupee forex swap facilityBanks have mobilized USD 27.99 billion from non-resident Indians through a forex swap facility. Domestic payment frauds across all banks am...
- Czech proverb of the day: 'Nothing seems expensive when it is bought on credit'; life lessons on the dangers of overspending from popular sayingRelying on credit cards can certainly create an illusion of abundance and prosperity. However, a popular Czech proverb highlights how depen...
- Trump's visa strategy: Keep announcing sky-high fees until one sticksThe Trump administration is weighing a proposal to charge international students $100,000 to work in the US after graduation under the OPT ...
- Mastercard profit beats estimates on strong consumer spendingMastercard reported better-than-expected second-quarter profits on Thursday. Strong transaction volumes and resilient consumer spending sup...
- Pine Labs signs six lenders for AI underwriting tool; to launch expense cardsPine Labs is launching an AI underwriting tool and new employee benefit cards. The company is expanding its services beyond payment process...
- Supplemental Security Income recipients to get August payment early this week: Who qualifies, why the SSA is sending money on July 31, and how much you could receiveSupplemental Security Income on July 31: Millions of Americans receiving Supplemental Security Income will get their August benefits early ...
- Apple launches US device leasing program with KlarnaApple has launched a new device leasing program in the United States. This program offers monthly payment plans for iPhones, Macs, and iPad...
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