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Economy

Promoting solar: Payment guarantees helped reduce electricity costs by 20% in Congo, says ISA DG

Emphasising on creating a robust payment security mechanism such as the Global Solar Facility (GCF), International Solar Alliance (ISA) DG Ajay Mathur on Wednesday said the payment guarantee fund helped in reducing electricity costs by 20 per cent in the Congo. Mathur, who retires as the Director General of the global clean energy promotion body […]

BWI

Easebuzz Drives Formalisation of Indian SMEs with Verticalised Digital Payment Solutions

India’s goal of becoming the third-largest economy by 2030, it is essential that growth is driven not only by the thriving startup ecosystem but also by the active participation of SMEs and traditional informal businesses. These businesses must evolve into modern, formalised organizations by adopting digital solutions. Recognizing this opportunity, the Pune-based Easebuzz payments platform […]

BWI

Alipay+ Transactions Triple in 2024 as Travel Industry Embraces Cross-Border Digital Payment and Marketing Technology

Singapore:   – Number of travelers who have used their home payment app to pay abroad via Alipay+ increased three times in first nine months of 2024 – Travelers spending habits have shifted, spending less on shopping and more on localized experiences such as food and attractions Alipay+, Ant International’s cross-border […]

Economy

Payment for imported software is not royalty: Supreme Court

The Supreme Court on Friday reaffirmed its decision that payments made by resident Indian end-users/distributors to non-resident computer software manufacturers/suppliers, for the resale/use of the computer software through EULAs/distribution agreements, is not characterised as royalty for the use of copyright in the computer software. Dismissing a special leave petition filed by the Income Tax Department, […]

Corporates

Zaggle acquires 26% stake in Mobileware to boost its digital payment capabilities

HYDERABAD: B2B SaaS fintech player Zaggle Prepaid Ocean Services Limited has acquired 26% ownership stake in Mumbai-based digital payments infrastructure player, Mobileware Technologies Pvt Ltd, on a post issue and fully diluted basis for a cash consideration of Rs 15.6 crore.“The proposed acquisition is contingent upon the execution of the final agreement and the fulfillment […]