Page 2 of Payments

UPI, cross border payments, Payments. economic ties, social ties, payments across borders

With India being the world’s largest recipient of remittances since 2022, the urgency to modernise its payment systems has never…

December 17, 2024 04:15 IST

MSME delayed payments: Only 20% complaints disposed so far, shows govt data

59,318 applications amounting to Rs 11,577 crore were rejected by MSE Facilitation Councils so far.

November 12, 2024 12:18 IST

MSME delayed payment: What is the deadline to file MSME-1 form? What details are required?

In July this year, the government had revised the form to seek additional details from the buyer for the outstanding…

October 11, 2024 18:01 IST

Federal Bank Unveils SmilePay: India's first facial payment system

New era of payments! Simply use facial recognition to complete transactions — no cash, cards, or mobile phones needed

SmilePay offers a seamless and secure way to conduct transactions. The initial rollout of SmilePay is being conducted in collaboration…

August 30, 2024 10:42 IST

Delayed payments: These central ministries have highest pending dues to MSMEs

The total amount pending across central ministries was Rs 284.60 crore across 437 applications and cases combined.

August 27, 2024 14:51 IST

India’s Most Popular Merchants Rely on Paytm for Their Payment Needs, Recognise Enhanced Convenience of the New NFC Card Soundbox

Paytm pioneered the Soundbox, an innovative first-of-its-kind product, which supports notifications in 11 languages.

August 2, 2024 11:43 IST

Delhi’s Bengali Sweet House Commends Paytm’s New NFC Card Soundbox for Effortless Card and UPI Payments

Paytm’s new NFC Card Soundbox boasts an improved and longer-lasting battery life of up to 10 days, eliminating the need…

August 1, 2024 12:48 IST

From accounting to refunds, Paytm remains the trusted payments partner for Bengaluru’s favorite eatery Rameshwaram Cafe

In a recent live discussion with Paytm’s Founder and CEO, Vijay Shekhar Sharma, Gaurav Sharma, one of the franchise owners…

Updated: July 31, 2024 15:40 IST

nirmala sitharman, budget 2024, union budget 2024, finance minister, narendra modi, modi 3.0, delayed payments, section 43b, income tax act, funding, credit, wtc mumbai, clix capital, aavishkaar capital hdfc bank

Budget 2024: Credit, skilling, 45-day payment rule, NPA norms among key asks from MSME sector

The budget, to be presented on July 23 by Finance Minister Nirmala Sitharaman, is expected to address the issue of…

July 12, 2024 18:15 IST

MSME 45-day payment rule, delayed payment to MSMEs, MSME buyers, MSME suppliers, Nirmala Sitharaman, Section 43B, Income tax act, budget 2024, finance act, gross domestic product, GDP, exports, Udyam registration, goods and services

Govt may ease requirement for large buyers to pay MSMEs within 45 days in Budget: Report

MSMEs fear that due to this provision, large buyers could cold-shoulder MSME suppliers and start buying either from those MSMEs…

July 10, 2024 11:35 IST

Global economic trends, including weaker data from the U.S. and rate cuts by major central banks, suggest a more dovish global stance.

Aurionpro Payments gets final RBI nod to operate as online payment aggregator

Aurionpro Payments, a subsidiary of the technology solutions company Aurionpro said the payment aggregator license will help the company towards…

June 13, 2024 17:19 IST

MSME 45-day payment rule: Traders to urge new NDA govt for up to 180-day time limit

Currently, traders including wholesale and retail traders are limited to raising bank credit under priority sector lending norms and hence…

June 7, 2024 19:13 IST

Mahindra & Mahindra Financial Services, business update, disbursement, business assets, Collection Efficiency, balance sheet, liquidity position

MSME 45-day payment rule: Challenges and way out for consumer tech companies

Implementation of new payment processes to comply with the 45-day MSME payment rule may require consumer tech companies to update…

June 2, 2024 12:08 IST

OCEN: Lessons from similar initiatives worldwide

Small businesses face many challenges in securing finances from institutions. While MSMEs provide over 30% of GDP growth .

May 31, 2024 15:17 IST

45 day payment rule, income tax, section 43b, msme ministry, nirmala sitharaman, finance minister, delay payments, working capital

FM Sitharaman: Will go back to original rule if MSMEs okay with delay in payments beyond 45 days

FM Nirmala Sitharaman said the changes, if any, to the rule will have to be done in the full budget…

May 29, 2024 12:43 IST

delayed payments, samadhaan portal, msme dashboard, msme dues, small business dues, unpaid dues of msmes, finance ministry, q1 delayed payments

MSME delayed payment: Check updated online process to file application against your buyer

According to the delayed payment monitoring portal by the government MSME Samadhaan, 1.89 lakh delayed payment applications have been filed…

May 13, 2024 16:36 IST

section 43b, income tax act, 45 day msme payment rule, cess, fund, traders, textile, exporters

Section 43B of Income Tax Act: Expenses businesses can cover apart from payment to MSMEs

Other than clause h, there are seven other clauses — a list of expenses allowed as deductions under the heading…

May 10, 2024 12:33 IST

section 43b(h), delayed payment, msme dues, Federation of All India Vyapar Mandal, Madras Merchants, Manufacturers Association, and the Confederation of West Bengal Trade Associations, msme payments, cait, 45 day payment rule, supreme court, high court, income tax act, msme ministry, budget

Traders to likely move High Court next week after SC refused plea against 45-day MSME payment rule

Traders currently can apply for Udyam registration under the MSME Ministry to only seek bank credit under priority sector lending…

May 7, 2024 17:59 IST

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