Did you know that annual premium-paying option is cheaper than a monthly premium paying option?
Walmart-owned digital payments firm PhonePe has decided to halt its proposed acquisition of Goldman Sachs- and Xiaomi-backed ZestMoney, a Bengaluru-based buy now, pay later (BNPL) platform. The deal, which was poised to fetch anywhere between $150-200 million and $300 million, has hit a snag over lapses in due diligence, disagreements over valuation, sustainability of the business, and shareholding structure of ZestMoney, according to people familiar with the matter. The collapse of the deal is also being attributed to a slowdown in the financial technology (fintech) sector in the midst of a funding winter, difficult regulatory environment, and macroeconomic uncertainty, informed other sources.
The International Cricket Council was the target of cybercrime involving a wire transfer of a sizeable sum of money, roughly US$ 2.5 million.
Tokenisation acts as an additional layer of security as it masks sensitive card data such as the 16-digit account number, expiry date and security code. However, the security level of the app and the customer's mobile itself also needs to be taken into consideration, say experts. Nikhat Hetavkar explains the whole idea of tokenisation, how it is enabled, its impact on card transactions and related security guidelines.
According to the research, consumers are willing to spend small monthly sums to receive news on their personal computers and mobile devices.
Ranju Sarkar finds out more about Nowfloats, the start-up that is used by 240,000 businesses that reach 13 million consumers.
The bank has said rent payments will not earn reward points, and redemption of reward points on various cards have been capped in certain segments.
Don't recharge your phone at public outlets -- carry a power bank instead. Avoid clicking on links sent by 'friends'. If you get into an online sexual encounter with a stranger and get blackmailed, refuse to pay up.
With over 200 brands and websites as participants this year, the Google Online Shopping Festival is turning bigger.
Tripti Rai explains the unique features of Bharat Interface for Money (BHIM) app developed by the National Payment Corporation of India.
One reason why volumes have not increased in the retail segment is that users are not aware of merchants who accept digital currency.
The government proposes to reduce the time taken to register a business from 27 days to one day.
Governor also says two-stage verification for card transactions might go; RBI in process of setting up IT arm
The number of internet users in rural India increased 18 percent last year, faster than growth in urban areas and continuing a trend that started two years ago. Internet users in urban India increased 5 percent in 2021. Rural India has 351 million users, or 37 percent of people there, according to a report by the Internet and Mobile Association of India (IAMAI) and data analytics company KANTAR.
Shine Jacob & Karan Choudhury highlight the red flags raised by the Controller General of Accounts.
Boxers and coaches have connected over a WhatsApp group to raise over 1 lakh, transferred directly to Dingko's account through online payment modes. The 'mission' started on Tuesday evening once Dingko's bank details were established. The contributions have ranged from 1,000 to 25,000 so far and are still coming in.
NRIs are increasingly buying properties in India online.
Online booking of tickets will be encouraged but box office will be open for single-screen theatres.
Credit card spending has crossed Rs 1.13 lakh crore in May compared to Rs 1.05 lakh crore in the previous month according to official data. The month-on-month rise in spending through cards indicates a pick-up in economic activity. The latest data from the Reserve Bank of India (RBI) showed that 7.68 crore credit card holders spent about Rs 71,429 crore for buying online, while the amount was spent through swipes at Point of Sale (PoS) machines stood at Rs 42,266 crore in May.
'There has been a marked increase in four types of cases.' 'One is fraud related to online deliveries, online shopping and online groceries and liquor.' 'Second fake news, third hate speech and fourth sextortion.'
CCPA said the primary issues raised in the notices included 'deficiency in service'. This includes lack of proper response from customer support, driver refusing to take payment by online mode and insisting for cash only.
Do not share your passwords or personal information with anyone.
V Viswanand, director and head, Products and Persistency Management, Max Life Insurance, will answer your queries in an online chat September 3, between 2 pm and 3 pm.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
MCA portal clocks 5 mn views in 8 months; ministry to integrate company records portal with DGFT, I-T dept this year
The couple stayed in a Hotel in the month of March this year and booked the room under fake names, the owner of the hotel confirmed.
Cos can apply for PAN card number online through e-Biz portal.
The Indian cyber security agency has issued a warning against 'Royal ransomware' virus that attacks critical sectors like communications, healthcare, education and even individuals and seeks pay-off in Bitcoins for not leaking personal data in the public domain.
Though e-commerce opens a new world for the handicraft industry, empowering craftspersons still remains a real challenge.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
There has been a 45 per cent growth in 'active internet users' in rural India since 2019, according a study by Nielsen, a global company for audience measurement, data and analytics. The Bharat 2.0 Internet report said that female active internet users grew by 61 per cent since 2019. The report said that India has 646 million active Internet users aged 2 years and above as of December 2021. Rural India has 352 million internet users--almost 20 per cent higher than urban.
'Look not just at the interest rate but also the processing fee.'
Surprised? Well, old age is no more associated with uncertainties with insurance companies coming out with specific plans for this segment!
All payments made via debit and credit cards, net banking and mobile wallets will be entitled to discounts.
A consumer wins a case against a financial company for selling him a car online, but not transferring the ownership in his name.
'The stockbroker should have a good balance sheet to support its scale of operations. It should also have proper risk management in terms of margins so that it doesn't go bankrupt during extreme market movements.' 'The broker must have a track record of navigating several market cycles in an ethical and transparent manner.'
The company is modelling its many ventures on Alibaba in China.
The prestigious Law School Admission Test (LSAT) for admission to undergraduate and post graduate courses in legal studies in the country will be held on May 15, 2015.
Technology giant Apple has informed its customers in India that it will no longer store their card information on file and will not be accepting payments made by debit cards and credit cards for purchases or subscriptions on the App store or other Apple services. The decision has been taken by the US-based company in view of the Reserve Bank of India's (RBI's) card data storage guidelines, which will kick in from July 1. The deadline for implementing these norms was extended twice.
An RBI-appointed panel on Monday recommended hosts of customer-centric initiatives for banks, including online settlement of claims by heirs of deceased account holders, flexibility for submission of life certificates by pensioners and a centralised KYC database. The report of the Committee for Review of Customer Service Standards in RBI Regulated Entities (REs) has also suggested that the operations of accounts should not be stopped pending periodic Know Your Customer (KYC) updates. It recommended that there should be a time limit for the return of property documents to borrowers after the closure of the loan account, failing which a penalty should be imposed on the lender.
