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RBI asks Visa, Mastercard to stop B2B payments via fintech platforms

Finance

15 February, 2024

RBI asks Visa, Mastercard to stop B2B payments via fintech platforms

India's central bank has asked Visa and Mastercard to stop card-based business-to-business payments such as rents or money transfer to ......

Infibeam Avenues buys contactless tech startup, Season Two Ventures marks exit

Finance

01 March, 2022

Infibeam Avenues buys contactless tech startup, Season Two Ventures marks exit

Infibeam Avenues Ltd, the parent of payment gateway CCAvenue, has acquired contactless technology startup Uvik Technologies for Rs 75 crore ......

Visa complains to U.S. govt about India backing for local rival RuPay - Reuters exclusive

Economy

29 November, 2021

Visa complains to U.S. govt about India backing for local rival RuPay - Reuters exclusive

Visa Inc has complained to the U.S. government that India's "informal and formal" promotion of domestic payments rival RuPay hurts ......

Premium
BillDesk founders, investors chart big gains from $4.7 Bn sale

Finance

31 August, 2021

BillDesk founders, investors chart big gains from $4.7 Bn sale

M N Srinivasu, Ajay Kaushal and Karthik Ganapathy were colleagues at consulting firm Arthur Andersen when they set out to ......

Grapevine: ChrysCap to invest in Corona Remedies; Plum Insurance to raise funding

General

05 April, 2021

Grapevine: ChrysCap to invest in Corona Remedies; Plum Insurance to raise funding

Homegrown private equity fund ChrysCapital is looking to grab a 30% stake in drug manufacturer Corona Remedies for about Rs ......

Accion Venture Lab raising new fintech-focussed fund

Finance

04 September, 2019

Accion Venture Lab raising new fintech-focussed fund

Seed-stage impact investor Accion Venture Lab said on Wednesday it is raising a $33-million (Rs 238 crore) fund that will ......

Visa, Japan's Recruit join B2B payments firm PayMate's Series D funding round

TMT

22 July, 2019

Visa, Japan's Recruit join B2B payments firm PayMate's Series D funding round

PayMate India Pvt. Ltd, a business-to-business (B2B) digital payments firm, has raised an undisclosed sum of money in its Series ......

RBI says foreign firms can process transactions abroad, but must store data in India

Finance

27 June, 2019

RBI says foreign firms can process transactions abroad, but must store data in India

Foreign payment firms such as Mastercard and Visa can process transactions made in India outside of the country but the ......

US considers H-1B visa caps to deter India data storage rules

TMT

20 June, 2019

US considers H-1B visa caps to deter India data storage rules

The United States has told India it is considering caps on H-1B work visas for nations that force foreign companies ......

RBI to review data storage rules that irked Visa, Mastercard

TMT

18 June, 2019

RBI to review data storage rules that irked Visa, Mastercard

India will examine concerns raised by foreign technology companies around stringent rules to store data locally, the government said on ......