NEW DELHI: India and New Zealand have committed to collaborate on developing domestic payments interoperability and supporting real-time cross-border remittances and merchant payments through the integrated Fast Payment Systems (FPS) as part of the trade pact agreed between the two countries.This move strengthens India’s digital payments ecosystem and fintech sector, enhances remittance flows from the […]
Kuwait outlaws cash payments for gold and jewellery / AI-generated illustration Kuwait has ushered in a new era for its precious metals market, making a bold move that aligns it with international best practices. The Ministry of Commerce and Industry recently issued a landmark decision that completely bans cash payments for the purchase of gold, […]
Riding on the festive shopping wave, Unified Payments Interface (UPI) transactions soared to an all-time high of Rs 27.28 lakh crore in October, clocking 20.7 billion transactions, according to data from the National Payments Corporation of India (NPCI), reported PTI.This marks a 9.5% month-on-month rise in transaction value from Rs 24.9 lakh crore in September […]
