credit payments

Bengaluru-based startup POP raises $2.4 million in seed funding spherical

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Bengaluru-based startup, POP, has raised $2.4 million in seed funding spherical led by India Quotient and different angel traders. The startup additionally introduced that it had acquired approval as a Third-Social gathering Utility Supplier (TPAP) from the Nationwide Funds Company of India (NPCI) to supply UPI funds through its POPclub app. The corporate said that … Read more

RBI asks card networks to halt card-based enterprise funds on KYC, fund-use considerations

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RBI has requested card networks reminiscent of Visa and Mastercard to cease business card transactions beneath the Enterprise Fee Resolution Suppliers (BPSP) enterprise, citing considerations concerning the legitimacy and inadequacy of service provider KYC and the tip use of funds. The central financial institution has written to the networks on a sub-segment of B2B (business-to-business) funds … Read more