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M10 Networks teams with NIFT on B2B digital payments in Pakistan

As this was an offence of the nature referred to in Section 26 (2) of the PSS Act, a notice was issued to PPBL

Synopsis Mastercard is said to have failed to erase the Indian leg of the transaction data from overseas servers within 24 hours as mandated by the Reserve Bank of India (RBI). ETtech The Reserve Bank of India (RBI) has barred Mastercard from issuing new cards as the company failed to comply with the central bank’s data localisation policy. Mumbai: The Reserve Bank of IndiabarredMastercard Inc. from issuing new cards in India after it found the US-based payments major was storing customers’...

RBI bars Mastercard from onboarding new customers in India SECTIONS Last Updated: Jul 15, 2021, 06:23 AM IST Share Synopsis The central bank’s supervisory action on Mastercard is citing its non-compliance with data localisation mandate wherein all foreign payment operators storing card and customer related data must do so in servers physically present in India. Agencies RBI had issued its data storage circular in April of 2018 and given all system providers a time frame of six months to enfor...

March 12th, 2021 in Business. Closed ArifPay is a mobile point of sale system which will allow ATM cardholders to make electronic transactions via their smartphones. (Shega Media) Shega ArifPay Closes A $3.5 M Private Placement Round From 31 Investors ArifPay ( ArifPay Financial Technologies Share Company ), an upcoming fintech company in Ethiopia, raised $3.5M / 140M ETB from 31 investors in a private placement round. From the total raised capital, the paid capital is $1M w...

Press Release SSLCOMMERZ sign agreement with Union Pay International An agreement has been signed between the largest payment gateway of Bangladesh SSLCOMMERZ and the leading global payment network UnionPay International. From now on UnionPay cardholders can pay digitally by scanning Bangla QR.  The agreement was signed at the Headquarter of SSLCOMMERZ on January 21. Top officials of both the organizations were present at the event. Small, medium, and large entrepreneurs, restaurants, grocer...