Paytm to Be Third-Party UPI Provider
Despite the ban placed on Paytm Bank, One97 Communications, the parent firm of Paytm, received approval to become a third-party service provider on the country’s Unified Payments Interface (UPI) infrastructure.
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Flipkart to Allow Transactions With UPI Instant Payments System
The Indian e-commerce marketplace Flipkart has launched a Unified Payments Interface (UPI) to expand its digital payment transaction offerings by adding an instant financial operations system popular in the South Asian country with an appropriate functional purpose.
India Approves $15 Billion of Chip Plant Investments
In India, the local government has decided to allocate $15.2 billion in government funding for the construction of chip manufacturing plants.
India Chip Manufacturing Strategy Makes Progress
India has been an observer of the process that can be called the chip race for several years, but gradually this country changed its status, becoming an active participant in the large-scale development of the microcircuits production system.
Top Financial Scams in India
Financial fraud is the major type of cybercrime in India. The value of online financial frauds rose twofold last year, highlighting the lack of coordination between different local regulatory bodies on tackling cyber financial scams. Here are the most outrageous scam cases that recently occurred in India.
Uber CEO Aims to Get Into Cheap Rides in India’s Market
Uber Technologies Inc. intends to accelerate expansion into the cheaper but potentially larger two- and three-wheeled vehicle rides market in India.
Google Reportedly to Start Manufacturing Pixel Smartphones in India by Next Quarter
The media reported that Google plans to launch production of its Pixel smartphones in India by the next quarter.
PhonePe Launches India Mobile App Store
The fintech company PhonePe Pvt., which is part of the Walmart ownership structure, announced the launch of a digital mobile apps store for consumers from India.
Amazon to Launch Fast Fashion Store in India
Amazon Bazaar platform will offer a selection of affordable unbranded clothing and accessories to value shoppers in India.
Mumbai Launches Metaverse Initiative to Showcase Infrastructure Projects
The Mumbai Metropolis Metaverse platform allows all the local citizens and other interested people to explore both newly launched and upcoming infrastructure projects in 3D or virtual reality (VR).
Indian Fintech Sector to Continue to Operate Under Current Rules
In India, the local banking regulator has no intention of tightening the rules governing the fintech sector in this country.
The safest place to live in India
In India, a country renowned for its rich diversity and vibrant culture, it is of utmost importance to ensure the safety and security of both its residents and visitors. The well-being and protection of individuals is a primary concern in numerous cities across the country.
Satya Nadella Calls on India to Seize Opportunity of AI
Satya Nadella, Chief Executive Officer of Microsoft Corporation, called on the world’s countries to step up investment in the artificial intelligence industry.
India to Review Tax on Online Gaming
India intends to review the national sales tax regime for companies that operate in the sphere of online gaming after March of the current year.
Numerous Paytm Bank Accounts Suspected of Money Laundering
Along with banning Paytm Payments Bank from all forms of banking services, the Reserve Bank of India (RBI) has passed information about thousands of suspicious bank accounts to the country’s financial crime-fighting agency.
RBI Puts Restrictions on Paytm Bank
The Reserve Bank of India (RBI) has banned Paytm Payments Bank from all forms of banking services, including bank transfers and accepting deposits.
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