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About 3 results for "global merchant services"

How fintech start-ups plan to spread their wings

How fintech start-ups plan to spread their wings

Fintech players are customising solutions for rural markets and helping SMEs learn how to use the services. Illustration: Uttam Ghosh/ Paynear, a fintech start-up, has more users in small towns than in the metros. The Hyderabad-based firm, which provides a platform to traders for accepting digital payments, has seen a surge in growth from small towns. Of its 50,000 merchants, two-thirds are in small towns.   A certified GST Suvidha Provider, Paynear allows traders to pay taxes ..., 2 months ago

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.  State-owned Punjab National Bank on Wednesday said it has detected a USD 1.77 billion (about Rs 11,400 crore) scam where billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking from a branch in Mumbai to secure overseas credit from ...
 Rediff.com1 month ago

Counterfeit tales. Don't buy a fake online!

Fighting fake brand peddlers: How the complex web of counterfeit goods threatens to trip e-commerce giants in the country. IMAGE: Pirated DVDs and software like this at a streetside hawker's shop in Mumbai is available nearly anywhere. Photograph: Arko Datta/Reuters. Last month, when global footwear brand Skechers filed a case against Flipkart, and four sellers on its platform, for fake goods being sold under its label, it cracked open the lid on one of the most persistent problems in Indian ...
 Rediff.com1 month ago
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