In a significant move to rein in excessive fees, the Biden administration has announced plans to limit what banks can charge for late credit card payments. The Consumer Financial Protection Bureau (CFPB) proposed capping late fees at $8, a drastic reduction from the current average of $31.“In credit cards, like so many corners of the … Read more
MUMBAI: RBI governor Shaktikanta Das said the central bank has approved a platform that will facilitate online merchants to receive payments from any bank via internet banking, without signing up for every bank.Bharat Bill Payment System, an arm of the National Payments Corporation of India, will implement a new system of interoperable netbanking payments. This … Read more
Home Business Flipkart Launches Its Own UPI Handle For Customers; Here’s How Users Can Benefit Through the Flipkart UPI, customers can pay for any product or service, including e-commerce transactions among others. New Delhi: In a big step towards a digital India, major e-commerce marketplace Flipkart has launched its Unified Payments Interface (UPI) handle to … Read more
In December, he was at the centre of a controversy in the US for advocating longer working hours. The following month, he fired 13% of his over 14,000 employees – like many other e-commerce players who had hired big during the pandemic, but then when online orders dropped as the economy opened up, realised the … Read more
ABU DHABI: WTO talks ended here with ministers making no headway on key issues — agriculture and fisheries, while India and other countries are likely to agree to extension of customs duty waiver for e-commerce by another two years. Trade ministers from across the world refused to budge from their stated positions on reducing farm … Read more
Home Business Amazon Pay Gets RBI’s Payment Aggregator License, Now Will Operate As Payment Aggregator Amazon Pay said the move will allow the firm to further strengthen distribution channels and deliver innovative solutions for merchants and customers across India. Amazon Pay already holds a Prepaid Payment Instruments (PPI) license to operate its wallet services. Mumbai: … Read more
Flipkart, a leading player in the Indian e-commerce sector, has reportedly been in talks about a possible acquisition of Dunzo, a hyperlocal delivery startup backed by Reliance Retail, according to three sources who spoke to TechCrunch. However, the complex ownership structure of Dunzo has posed challenges in reaching an acquisition agreement, two sources familiar with … Read more
Getting packages you never ordered? See a fraudulent credit card charge on your bill for something you didn’t buy? Technology has made scamming more sophisticated, and dealing with customer service operations to deal with fraud can be frustrating. We checked in with two experts for their advice if you become a victim. Here are tips … Read more
Daniel Williams, come pick up your junk. For more than six months, a parade of unsolicited Amazon packages — large and small, cheap and expensive, free or fraudulently billed — have arrived at John DeFiore’s rural Woodside home, addressed to a mysterious Mr. Williams. “It’s like the Twilight Zone,” said DeFiore, 61, an electrical engineer … Read more
Virtual ATM: Unified Payments Interface (UPI) is widely used now, so people often don’t carry cash when they go out. They can make payments online with just a phone and internet. However, many people don’t carry their debit or credit cards anymore because of UPI. This can be inconvenient when you need cash urgently, especially … Read more