Payment News
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China Seeks to Make Travel, Payments Easier for Foreigners
China plans to make it easier for foreign tourists to book tickets, register at hotels and use their overseas bank...
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Evergrande creditors fear imminent default
China Evergrande Group offshore bondholders are concerned that it is close to defaulting on debt payments and want more information...
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Bad loans rise as payment holiday ends partially
As feared, default loans went up substantially in the first quarter of 2021 after the government partially withdrew the loan...
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E-payment of land duty, mutation, record costs introduced
The federal government has introduced e-payment system for citizens to be able to pay land development tax, mutation in addition...
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Interoperability across all financial systems this year
The government has taken an initiative to create all accounts of banks, mobile phone financial services and payment system providers...
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BB relaxes payment rules for availing foreign services
Bangladesh Bank yesterday relaxed guidelines for businesses to remit money in order to avail providers from foreign companies.Businesses should be...
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Republicans introduce $1tn pandemic recovery plan
Republicans have got proposed spending yet another $1tn (£776bn) to handle the economic damage caused by the coronavirus pandemic.The program...
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Roadblock in choosing full digital wage payment overnight
Only 9 % garment factories pay wages to workers through mobile financial offerings (MFS) and 4 per cent through banks,...
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Shopmatic partners with PayU
International e-commerce company, Shopmatic has inked a strategic partnership with India’s leading online payment solutions provider, PayU. This partnership is...
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Mastercard acquires Transfast to expand payment network
Mastercard has announced the completion of its acquisition of Transfast, a global payments company with significant cross-border network reach.The acquisition...
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Twitter chief Jack Dorsey helps UK refugee entrepreneurs take payments
Square, the payments company co-founded by Twitter chief executive Jack Dorsey, has launched an initiative to enable refugee entrepreneurs to...
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Tk 60,000cr for interest payment
The government’s interest burden is likely to get heavier in the upcoming fiscal year thanks to its excessive reliance on...
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Tech talk: A local startup bets the bank on electronic payments
Not long ago, when next door neighbour came up with a new data policy introducing strict requirements for big tech...
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Trade deficit rises 12pc in July
Trade deficit jumped 12.14 percent in July in continuation of the trend seen throughout last fiscal year on the back...