Page 8 - Settlement Systems News Today

The Delhi High Court criticized income tax officials for delays in filing appeals, stating that some of them are still stuck in a slow working style. The court emphasized the need for drastic measures to address the issue of litigation delays caused by lethargy. In another case, the court sought the governments view on whether PayPal Payments is a "payment system operator" and must comply with reporting entity obligations under money laundering laws.

The Delhi HC in its order said that Google Pay is a “mere third-party app provider” for which no authorisation from RBI is required

Accepting a submission by Reserve Bank of India (RBI) that Google Pay operated by Google India Digital Services Pvt Ltd is a mere third-party app provider and does not require authorisation from RBI, the Delhi High Court (HC) dismissed a public interest litigation (PIL) filed by economist Abhijit Mishra.

NPCI International Payments Ltd (NIPL), the wholly-owned subsidiary and international arm of National Payments Corporation of India (NPCI), said it has touched the milestone of issuing over 10,000 RuPay cards in Bhutan.

RuPay Card Issuance Crosses 10,000 Milestone in Bhutan - NPCI International Payments Ltd (NIPL), the wholly-owned subsidiary and international arm of National Payments Corporation of India (NPCI), has...

The South Korean central bank has discussed its plans for the development of financial technology, including Big Tech and CBDC, in the country in a new report.

The South Korean central bank (BOK) has published its 2022 Payment and Settlement Systems Report. Oversight of the systems was carried out successfully, the…

Ghana’s exchange rate pressures can be lessened through intra-African trade on digital payment platforms, the Chief Executive Officer (CEO)...

A central counterparty enables trades between different entities for contracts in various segments of financial markets. The LCH, one of the largest players in the global interest-rate swap market, facilitates transactions in more than a dozen international government debt markets.

The Chairman and CEO of Oakwood Green Africa, Mr. Gabriel Edgal, has emphasized the transformative impact of Afreximbank's digital platforms, including the MANSA and Pan-Africa Payment and Settlement Systems (PAPSS) platforms, on Ghana's economic development and participation in intra-African trade. Speaking at a side event during the launch of the…