Paytm

ED notice to Paytm parent over Rs 611 crore Fema violation – The Times of India

David Bale2 months ago02 mins

NEW DELHI: The Enforcement Directorate (ED) has issued a show-cause notice to One97 Communications, the parent company of Paytm, over alleged violations of the Foreign Exchange Management Act (Fema) in transactions amounting to Rs 611 crore.The notice, dated Feb 27, cited alleged contraventions between 2015 and 2019 related to Paytm’s acquisition of two subsidiaries, Little…

UPI users take note! Google Pay introduces convenience fee for these transactions – The Times of India

David Bale2 months ago05 mins

Introduction of platform fees for bill payments by Google Pay indicates a wider movement towards monetising UPI transactions. Google Pay, a prominent UPI (Unified Payments Interface) platform, has begun implementing a convenience fee for utility bill payments, including electricity and cooking gas bills. Previously free for low-value transactions, the service now charges between 0.5% and…