Stay updated with breaking news from நீதிஷ் ஆஸ்தானா. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
(Representative image) MUMBAI: In a big boost for digital payments, the RBI has announced a fund that will subsidise deployment of card-acceptance devices and QR codes in tier-3 to tier-6 towns and in the northeast. The Payments Infrastructure Development Fund (PIDF), which currently stands at Rs 345 crore, will go up further with contributions from banks yet to come in. The RBI has contributed Rs 250 crore to the fund, payment networks will pump in Rs 100 crore and banks will give Re 1 for every debit card and Rs 3 for every credit card they have issued. The PIDF has a validity of three years and will target to increase the number of card swipe (point of sales, or PoS) machines by 10 lakh and the number of shops accepting QR code-based payments by 20 lakh. ....
Pine Labs appoints Tanya Naik as the Head of Omnichannel Pine Labs appoints Tanya Naik as the Head of Omnichannel Mumbai, Dec 29: Pine Labs, leading merchant commerce platforms said that company has appointed Tanya Naik as the Head of Omnichannel. Commenting on the appointment, Nitish Asthana, President and COO, Pine Labs, said, “Tanya’s wealth of experience in banking, partnerships and pure play fintech will play a critical role in the launch and expansion of our omnichannel business, as this is the way consumers and businesses will buy and sell in the future. At Pine Labs, our leadership in offline merchant space provides us a unique platform to expand our suite of services, particularly when Covid19 has provided a major fillip to consumers’ preferences to shop, discover and buy online and offline in equal measure.” ....