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Karnataka releases draft gig workers Bill; seeks comments from platforms, other stakeholders
Karnataka introduced draft Bill for app-based platforms to provide social security benefits to gig workers and sought public feedback. The Bill proposes fee on transactions and penalties for non-compliance. It aims to protect workers' rights and ensure basic social security. It is inspired by Rajasthan law and includes grievance redressal mechanism and prevention of illegal termination. the Bill promises welfare board, fund for gig workers. Discussions have been held with major platforms and International Labour Organisation for input.
Amazon Pay India top up; GST summons for egaming firms
Amazon has pumped Rs 600 crore in its local fintech unit Amazon Pay India. This and more today’s ETtech Top 5.
HDFC Bank credit card charges, rules to change from August 1, 2024: Know about new late payment fee, bill payment rules
HDFC Bank announced major revisions to its credit cardholders about terms and charges. The following changes to your HDFC Bank credit card charges will come into effect on August 1, 2024.
Amazon tops up India payments business with Rs 600 crore
Amazon Pay India intensified competition with Paytm, PhonePe, and Google Pay, receiving a capital infusion of Rs 600 crore. The company invested Rs 950 crore in the platform and Amazon Seller Services, facing challenges due to RBI actions. With tie-ups for various services, Amazon Pay India reported significant operational revenue and narrowed net losses.
A pivotal event for online commerce; and other top tech, startup stories
Stay tuned to know how the latest capital infusion into Zepto impacts the workings of this fledgling sector.
Credit on UPI: How to make payments using credit on UPI, how to enable on your UPI ID, who can use
With the help of credit on UPI, people and companies can obtain bank credit lines that have already been approved. Now customers can scan to use their credit on UPI with ICICI Bank mobile app’s PayLater option.
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Duty evasion up to Rs 1 crore may not lead to jail term
India proposes to decriminalise provisions in the central excise law, aiming to remove imprisonment for minor duty evasions and reduce penalties. The proposed Central Excise Bill 2024 seeks to modernise provisions, align with GST laws, govern taxation of tobacco and petroleum products, and operate in an automated online mode.
CIBIL or credit score drop can cost you Rs 19 lakh more on a Rs 50 lakh home loan; 4 ways to avoid it
Many social media users are reporting sudden credit score dips. Erroneous transactions, lender misreporting, and late credit card or BNPL payments, over-utilisation of credit limits are some culprits. If you have a poor credit score or CIBIL score, you'll have pay to a few lakhs extra for any big-ticket loan such as a home loan. It pays to be aware of why credit scores drop suddenly and how it can impact your life. ET Wealth Online speaks to various experts to decode how to maintain a healthy credit score or CIBIL score.
Stripe pulls back from India; Oxyzo FY24 results
Citing stricter regulatory requirements, US payments major Stripe has shifted to an ‘invite only’ mode in India. This and more in today’s ETtech Top 5.
Razorpay launches Q-Zap, new solution for faster offline billing
Razorpay launches Q-Zap for offline payments, reducing billing time by 40% and operating costs by 20%. Offers seamless integrations with 120+ billing partners for efficient processing.
How Jocata is helping financial services industry move from legacy systems to AI-powered solutions
Jocata’s low-code platform is driving the future of enterprise lending and embedded finance, says Prashant Muddu, Managing Director & CEO.
Uber’s hyperlocal push; Paytm Bank’s bill pay biz transferred
Happy Thursday! Ride-hailing platform Uber is strengthening its hyperlocal deliveries from neighbourhood stores. This and more in today’s ETtech Morning Dispatch.
These NRIs can use international mobile numbers to make UPI payments in India: Step-by-step guide on how to do it
These NRI customers can pay using UPI in India using foreign mobile number. Earlier, in order to create a UPI ID and use any UPI app, an NRI required a working Indian mobile number. This will reduce non-resident Indians (NRIs) the cost of keeping an active Indian mobile number.
Lightning-fast bill payments with PayZapp: Know how you can pay electricity bills with a single swipe
PayZapp by HDFC Bank simplifies bill payments with digital banking, multiple bill management, one-swipe feature, promo code savings, and versatile payment options. Enjoy efficient bill payments with added benefits across Android and iOS devices.
Groww and Worldline ePayments secure online payment aggregator licence from RBI
The PA licence will allow Bengaluru-based Groww to process online payments by itself. The licence was issued in the name of the company's subsidiary payment business Groww Pay.
Cred launches offline QR code-based ‘scan and pay’ payments
Peak XV-backed startup Cred has been pushing its UPI payments feature aggressively. The fintech wants its customers to use the app to scan QR codes at premium retail outlets.
Credit card rule change: Utility bill payments made with YES Bank and IDFC First Bank credit cards to get costlier from May 1, 2024
Yes Bank and IDFC FIRST Bank credit card customers will have to pay a higher amount as fees for paying utility bills. Here is a look at the changed fee structure effective from May 1, 2024.
RBI’s missive to online payment firms; CEO shuffle at startups
Happy Monday! The country’s central bank has asked payment companies to flag high-value suspicious transactions amid the ongoing general elections. This and more in today’s ETtech Morning Dispatch.
You now recharge these SBI cards online using Bharat BillPay platform
In an effort to further enhance traveller convenience, the State Bank of India (SBI) and NPCI Bharat BillPay have collaborated to onboard SBI NCMC cards on the Bharat BillPay network. This will ensure a hassle-free experience and avoid long waits for people reloading or topping up their cards online.
Paying gas, electricity, and other utility bills using YES Bank credit card to get costlier from May 1, 2024
YES Bank has revised certain features available on all its credit cards except its premium card variant-private. Further experts say that YES Bank is the first bank in India to impose a 1% extra charge on all utility bill payments via credit cards. A utility bill payment can comprise of paying bills for gas, water, electricity, etc.
Credit card rule change: How will refund or failed transaction be adjusted against your credit card bill? Know RBI's new rule
Credit card rule change: The Reserve Bank of India (RBI) amended the "Master Direction - Credit Card and Debit Card – Issuance and Conduct Directions, 2022" on March 07, 2024. What has changed regarding credit card refunds and credit card bill payments? ET Wealth Online breaks it down for credit card users.
Credit card payment rule change: Can you change credit card billing cycle, due date multiple times now? What RBI says
Credit card billing new rule: The Reserve Bank of India (RBI) has tweaked its guidelines for credit cards to allow for more flexibility to the customers. This means more control over your billing cycle, the period between your credit card statements. It is important to set your billing cycle in a way that you can pay your credit card bill without any difficulty. Can you choose or change your credit card billing cycle and due date? Know what RBI latest guidelines say
RBI OKs interoperable payment system for internet banking transactions
The Reserve Bank of India has approved NPCI Bharat BillPay Ltd to implement an interoperable payment system for internet banking transactions. The new system will facilitate quicker settlement of funds for merchants. It is expected to be launched during the current calendar year. India accounts for 46% of the world's digital transactions.
Google vs Indian apps: Payments industry seeks legal changes against Google’s app billing policy
Payments Council of India urges the government to amend laws and protect startups and payment aggregators from Google's monopolistic policies. Google's delisting of apps from the Play Store could impact digital payment volumes and customer conversion. The Competition Commission of India (CCI) suggests offering multiple payment options like Unified Payments Interface and RuPay debit card payments.
Beware of calls, SMS on electricity bill payments. Here's why
A 77-year-old doctor lost Rs 3 lakh to a well-coordinated scam by an individual pretending to be an electricity provider representative. The scam involved a threatening message, coerced payment, unauthorized transactions, tampering with accounts, and personal information. Law enforcement and the cyber cell are investigating the fraudulent scheme.
RBI tweaks BBPS norms to widen participation
The new guidelines say that commercial and cooperative banks, non-bank payment aggregators and entities authorised as Bharat Bill Payment Operating Units (BBPOUs) can participate in BBPS as operating units without requiring a separate authorisation. They have to just intimate the RBI central office before commencing operations.
Zoho launches Zakya to offer POS solutions in India
The billing app from Zakya can bill even when used offline. Sales personnel can use the mobile Zakya POS billing app to parallelly bill customers and shorten the checkout queue during rush hours.
ET Explainer: How to avoid falling into a credit card trap
Credit cards can be used to pay bills and for shopping both online and offline provided the total payment is within the credit limit provided by the issuer. Credit card issuers offer interest-free credit periods ranging from 20 to 50 days. It is typically the period between the date of your purchase and the next payment due date.
Bharat BillPay onboards SBI Card to simplify bill payments
All SBI cards customers will be able to pay and manage their credit card bill payments across all Bharat BillPay supported payment channels like online via banks, payment apps or even via any Bharat BillPay physical outlets.
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