Header-template

BUSINESS NEWS

NPCI International Collaborates with Bank of Namibia to Launch Instant Payment System

To create an immediate payment system for Namibia that is comparable to Indias Unified Payment Interface UPI, NPCI International, the National Payment

To create an immediate payment system for Namibia that is comparable to Indias Unified Payment Interface UPI, NPCI International, the National Payments Corporation of Indias NPCI abroad branch, has teamed up with the Bank of Namibia BoN. The objective of this partnership is to bring Namibias financial scene up to date by improving affordability, accessibility, and integration with both local and global payment networks. By enhancing realtime PersontoPerson P2P and Merchant payment transactions P2M in Namibia, the collaboration aims to offer its people digital financial services. The effort intends to decrease cash reliance and boost financial inclusion, especially in the rural and informal sectors, by utilising technology and experiences from Indias UPI. By 2025, NPCI and BoN aim to have all payment instruments fully interoperable and to provide a safe and effective National Payment System. Read More..

B2B Tech News | 12 days ago        

Isybank Attracts 90,000 New Customers Amid Regulatory Setback for Intesa Sanpaolo

A setback to Intesas fintech goals occurred when its digital subsidiary, Isybank, gained over 90,000 new customers after an antitrust ruling stopped t

A setback to Intesas fintech goals occurred when its digital subsidiary, Isybank, gained over 90,000 new customers after an antitrust ruling stopped the movement of current consumers. The competition authorities required express authorization before moving a client, which impacted Intesas goal of moving 2.3 million customers. Nevertheless, Intesa hopes to have one million more Isybank customers by the following year. Massimo Proverbio, chief technology officer, pointed out that delays impacted the current client strategy but not the shift to digital. Isybank, fueled by Thought Machines core banking technology in London and cloud services from Telecom Italia and Alphabet, encountered legal challenges as digital service usage increased in Europes banking sector. With plans for Intesas further migration by 2026, BNP Paribas hopes to achieve significant cloud integration by 2025. Read More..

B2B Tech News | 12 days ago        

Zomato Grapples with Another Tax Blow Rs 2 Crore Demand Order Hits Online Food Delivery Giant

Zomato, an online meal delivery service, has to deal with an additional tax challenge after a Delhi sales tax inspector issued a demand and penalty or

Zomato, an online meal delivery service, has to deal with an additional tax challenge after a Delhi sales tax inspector issued a demand and penalty order for more than Rs 2 crore. The ruling, which covers April 2018 to March 2019, calls for the payment of Rs 2,22,91,376 in GST, Rs 2,08,98,164 in interest, and Rs 22,29,136 in penalties. Zomato intends to contest the ruling, claiming it has a compelling argument. This comes after a recent Rs 11.81 crore GST demand, penalty order, and letters about purportedly inadequate GST payments of Rs 4.2 crore in 2018. Zomato continues to face regulatory obstacles and has regular runins with tax officials. Read More..

B2B Tech News | 12 days ago        

Shell Beats Expectations with Strong FirstQuarter Profit of $7.7 Billion

Driven by strongerthanexpected refining margins and solid oil trading, Shell posted a firstquarter profit of $7.7 billion, above analyst projections o

Driven by strongerthanexpected refining margins and solid oil trading, Shell posted a firstquarter profit of $7.7 billion, above analyst projections of $6.5 billion. CEO Wael Sawan praised the outcomes as evidence of solid operational and financial success. The business declared a $3.5 billion share repurchase programme, which it expects to finish in three months while keeping its dividend intact. Shells earnings, albeit down 20% from the prior year, are consistent with a declining petrol price industry trend. Adjusted profits for its chemicals and products segment increased significantly to $2.8 billion. As net debt drops to $40.5 billion from $43.5 billion in 2023, Shells strong performance highlights the optimism in the market. Read More..

B2B Tech News | 12 days ago        

India, Russia to Explore Mutual Acceptance of Payment Cards RuPay and Mir

RuPay and Mir, two payment cards that Russia and India have agreed to investigate accepting one anothers cards, will allow for easy transactions betwe

RuPay and Mir, two payment cards that Russia and India have agreed to investigate accepting one anothers cards, will allow for easy transactions between the two countries. This agreement was made to facilitate crossborder payments in Russian rubles and Indian rupees during the IRIGCTEC summit, which was presided over by Denis Manturov of Russia and S. Jaishankar of India. The action addressed the necessity for alternate payment sources in light of the Western sanctions on Russia. Possible interactions between Russias FPS and Indias UPI, as well as the adoption of Russias financial messaging system and crossborder connection between UPI and Singapores PayNow, were also discussed. To improve Indias robust payment infrastructure—fueled by NPCIs efforts like RuPay, IMPS, UPI, and others—State Bank of India, Indian Overseas Bank, Indian Bank, and ICICI Bank will facilitate inward and outbound remittances. Read More..

B2B Tech News | 12 days ago        

Nigerias Binance Money Laundering Trial Delayed to May 17

The trial for money laundering against the CEOs of the cryptocurrency exchange Binance, which was supposed to occur in Abuja, Nigeria, has been postpo

The trial for money laundering against the CEOs of the cryptocurrency exchange Binance, which was supposed to occur in Abuja, Nigeria, has been postponed until May 17. Binances attorney cited this delay as a lack of served papers required for lawsuit preparation. Tigran Gambaryan and Nadeem Anjarwalla, two of the exchanges executives, are accused of laundering more than $35.4 million and engaging in specialised financial transactions without a licence. In addition, Binance is facing four charges of tax evasion the trial has been postponed until May 17. The biggest crypto economy in Africa, Nigeria, is under investigation over claims it is being used to finance terrorists and launder money. The trial highlights the tense relationship between law enforcement and cryptocurrency platforms, as it has been dogged by controversy ever since Gambaryan and Anjarwalla were arrested. Read More..

B2B Tech News | 12 days ago        

Uber Pulls Out of Pakistan Amid Rising Competition from Local Rivals

Ubers activities in Pakistan have ended due to growing rivalry from local rivals, as the company spokeswoman revealed. Ubers departure creates a vacuu

Ubers activities in Pakistan have ended due to growing rivalry from local rivals, as the company spokeswoman revealed. Ubers departure creates a vacuum, although its affiliate Careem will go on offering ridehailing services across the country. The move comes after Uber stopped operating in several Pakistani locations in 2022 Careems Lahore remained the only active centre. Consumers who have unpaid balances can switch to Careem to receive free trips. There is now more competition in Pakistans ridehailing business, affecting the dominance of Careem and Uber. Local competitors are offering new services like InRide, along with cheap pricing. Despite this setback, Careem is still dedicated to providing dependable ridehailing services in Pakistan that meet various transportation requirements. Read More..

B2B Tech News | 12 days ago        

South Koreas Manufacturing Sector Witnesses Strongest Expansion in Two Years

May had the most substantial rise in South Koreas manufacturing sector in the previous two years, thanks to robust orders and output growth propelled

May had the most substantial rise in South Koreas manufacturing sector in the previous two years, thanks to robust orders and output growth propelled by increased demand worldwide. With a rise of 51.6, the Purchasing Managers Index PMI reached its highest level since May 2022. Strong export sales, the introduction of new products, and rising local demand all contributed to a spike in output and new orders. For the seventh consecutive month, export orders increased across various global markets. Due to unfavourable exchange rates and rising raw material costs, input prices increased in seven months even as manufacturers expanded procurement to meet demand. Even with little hope for the future, the industry is still headed in the right direction. Read More..

B2B Tech News | 15 days ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts


1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   2083   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   1971   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   2317   

4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
   2477   

5.  Approximately 8 billion gadgets connect on the internet every day.
   3477   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!


Where do you go to learn more about whats happening in your industry? Check all that apply.

12 votes, Poll active
Footer-template