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Banglalink Mukto Pay Gets Bangladesh Bank PSP Licence

Banglalink Mukto Pay is set to enter Bangladesh’s growing digital payments market after the telecom operator secured a Payment Service Provider licence from Bangladesh Bank. The August 11 approval allows Banglalink to expand beyond telecommunications into payments, transfers and other financial services, with a particular focus on underserved consumers and small businesses.

Money & Investments

12 Aug 2026 04:30 AM

Banglalink Mukto Pay Gets Bangladesh Bank PSP Licence

Banglalink Mukto Pay is set to enter Bangladesh’s growing digital payments market after the telecom operator secured a Payment Service Provider licence from Bangladesh Bank. The August 11 approval allows Banglalink to expand beyond telecommunications into payments, transfers and other financial services, with a particular focus on underserved consumers and small businesses.

Money & Investments

Offline UPI Payments via NFC May Work Without Internet

Offline UPI payments using NFC could soon allow users to tap and pay without mobile data, Wi-Fi or a telecom network at compatible terminals. Offline UPI Payments Could Work Without Internet A new Unified Payments Interface feature reportedly under development could allow users to complete payments without internet access or even an active mobile network. The proposed system would use near-field communication, commonly known as NFC, to tra

Internet & Technology

22 Jul 2026 01:57 AM

Offline UPI Payments via NFC May Work Without Internet

Offline UPI payments using NFC could soon allow users to tap and pay without mobile data, Wi-Fi or a telecom network at compatible terminals. Offline UPI Payments Could Work Without Internet A new Unified Payments Interface feature reportedly under development could allow users to complete payments without internet access or even an active mobile network. The proposed system would use near-field communication, commonly known as NFC, to tra

Internet & Technology

Meta Invests $900 Million in CRED; Kunal Shah to Lead WhatsApp

Meta will invest $900 million in Bengaluru-based fintech company CRED, while founder Kunal Shah prepares to take charge of WhatsApp globally. The linked announcements place one of India’s best-known startup founders at the center of Meta’s next phase in messaging, business services and digital payments. Watch: Why did Meta choose Kunal Shah to lead WhatsApp? See o

Business

23 Jun 2026 10:35 AM

Meta Invests $900 Million in CRED; Kunal Shah to Lead WhatsApp

Meta will invest $900 million in Bengaluru-based fintech company CRED, while founder Kunal Shah prepares to take charge of WhatsApp globally. The linked announcements place one of India’s best-known startup founders at the center of Meta’s next phase in messaging, business services and digital payments. Watch: Why did Meta choose Kunal Shah to lead WhatsApp? See o

Business

India Elected FATF Vice-President for First Time: Why It Matters

India has been elected FATF vice-president for the first time, placing senior official Vivek Aggarwal in a key leadership role at the global body that sets standards against money laundering, terrorist financing and proliferation financing. The Financial Action Task Force announced the appointment after its plenary meeting in Paris on Friday, June 19, 2026. Aggarwal, a 1994-batch Indian Administrative Service officer and secretary in India’s Ministry of Culture, will serve from Ju

Global News

20 Jun 2026 09:45 AM

India Elected FATF Vice-President for First Time: Why It Matters

India has been elected FATF vice-president for the first time, placing senior official Vivek Aggarwal in a key leadership role at the global body that sets standards against money laundering, terrorist financing and proliferation financing. The Financial Action Task Force announced the appointment after its plenary meeting in Paris on Friday, June 19, 2026. Aggarwal, a 1994-batch Indian Administrative Service officer and secretary in India’s Ministry of Culture, will serve from Ju

Global News

What is PayPal’s new structure? Venmo becomes standalone segment

PayPal’s Venmo spinoff signals strategic shift to boost growth PayPal’s Venmo spinoff signals strategic shift to boost growth as CEO Enrique Lores informed managers this week that the company is reorganizing its reporting structure, separating Venmo into its own standalone business segment. The move reflects a broader effort to streamline operations and sharpen focus across its fintech portfolio. New reporting structure creates three distinct business units Under the restructuring plan, Venmo will operate independently, allowing clearer performance tracking and potentially positioning it for a future sale. Two additional segments will be formed: a PayPal-branded unit serving merchants and consumers, and a payment services division that includes Braintree along with crypto-related operations. The company is also reportedly seeking a digital banking executive to lead the newly independent Venmo unit. Leadership transition and competitive pressures Lores, who previously led HP Inc. and assumed leadership of PayPal in March, is implementing these changes as the company faces mounting competition from Apple, Google, and Stripe in digital payments. He succeeded Alex Chriss, whose tenure saw a steep decline in PayPal’s stock value following its pandemic-era peak. Investor interest and restructuring implications The company’s declining valuation has drawn attention from potential buyers, including reported interest from Stripe in acquiring parts or all of the business. PayPal has also engaged financial advisers to prepare for possible takeover attempts or activist investor campaigns. Following reports of the restructuring, PayPal shares rose by approximately 3%. Workforce uncertainty and executive departures The restructuring comes amid uncertainty over potential workforce reductions. Earlier in 2026, managers had been tasked with planning a 15% reduction in headcount, though those plans remain unresolved after the leadership transition. At the same time, key executives including Diego Scotti and Michelle Gill are departing as their divisions are restructured or dissolved. PayPal is also establishing a new artificial intelligence transformation group led by Anshu Bhardwaj, formerly of Walmart, and creating a financial services unit under Scott Young of Goldman Sachs. The changes highlight the company’s push to modernize operations and regain momentum in a rapidly evolving digital payments market.

Business

29 Apr 2026 14:49 PM

What is PayPal’s new structure? Venmo becomes standalone segment

PayPal’s Venmo spinoff signals strategic shift to boost growth PayPal’s Venmo spinoff signals strategic shift to boost growth as CEO Enrique Lores informed managers this week that the company is reorganizing its reporting structure, separating Venmo into its own standalone business segment. The move reflects a broader effort to streamline operations and sharpen focus across its fintech portfolio. New reporting structure creates three distinct business units Under the restructuring plan, Venmo will operate independently, allowing clearer performance tracking and potentially positioning it for a future sale. Two additional segments will be formed: a PayPal-branded unit serving merchants and consumers, and a payment services division that includes Braintree along with crypto-related operations. The company is also reportedly seeking a digital banking executive to lead the newly independent Venmo unit. Leadership transition and competitive pressures Lores, who previously led HP Inc. and assumed leadership of PayPal in March, is implementing these changes as the company faces mounting competition from Apple, Google, and Stripe in digital payments. He succeeded Alex Chriss, whose tenure saw a steep decline in PayPal’s stock value following its pandemic-era peak. Investor interest and restructuring implications The company’s declining valuation has drawn attention from potential buyers, including reported interest from Stripe in acquiring parts or all of the business. PayPal has also engaged financial advisers to prepare for possible takeover attempts or activist investor campaigns. Following reports of the restructuring, PayPal shares rose by approximately 3%. Workforce uncertainty and executive departures The restructuring comes amid uncertainty over potential workforce reductions. Earlier in 2026, managers had been tasked with planning a 15% reduction in headcount, though those plans remain unresolved after the leadership transition. At the same time, key executives including Diego Scotti and Michelle Gill are departing as their divisions are restructured or dissolved. PayPal is also establishing a new artificial intelligence transformation group led by Anshu Bhardwaj, formerly of Walmart, and creating a financial services unit under Scott Young of Goldman Sachs. The changes highlight the company’s push to modernize operations and regain momentum in a rapidly evolving digital payments market.

Business

Instant Payments, Rising Risks: Digital Fraud Surges in India

India’s rapid digital transformation has made financial transactions faster and more convenient, but it has also led to a sharp rise in online fraud cases. Over the past decade, digital payments have grown exponentially, with platforms like Unified Payments Interface becoming a part of everyday life. However, this growth has been accompanied by a surge in fra

Business

18 Apr 2026 08:23 AM

Instant Payments, Rising Risks: Digital Fraud Surges in India

India’s rapid digital transformation has made financial transactions faster and more convenient, but it has also led to a sharp rise in online fraud cases. Over the past decade, digital payments have grown exponentially, with platforms like Unified Payments Interface becoming a part of everyday life. However, this growth has been accompanied by a surge in fra

Business

PM Modi Highlights India’s Investment Potential at World Summit 2024

World Summit 2024 in New Delhi, Prime Minister Narendra Modi asserted that India remains an appealing destination for global investors, even amid global trade and geopolitical tensions. He marked the first 125 days of his government’s third term as a period of accelerated growth, with positive indicators attracting investor attention. During his keynote address, Modi pointed out that both the Nifty and Sensex indices have seen growth of 6-7% during this time. He also hig

Business

22 Oct 2024 04:28 AM

PM Modi Highlights India’s Investment Potential at World Summit 2024

World Summit 2024 in New Delhi, Prime Minister Narendra Modi asserted that India remains an appealing destination for global investors, even amid global trade and geopolitical tensions. He marked the first 125 days of his government’s third term as a period of accelerated growth, with positive indicators attracting investor attention. During his keynote address, Modi pointed out that both the Nifty and Sensex indices have seen growth of 6-7% during this time. He also hig

Business

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#digitalpayments

Banglalink Mukto Pay Gets Bangladesh Bank PSP Licence

Banglalink Mukto Pay Gets Bangladesh Bank PSP Licence

Offline UPI Payments via NFC May Work Without Internet

Offline UPI Payments via NFC May Work Without Internet

Meta Invests $900 Million in CRED; Kunal Shah to Lead WhatsApp

Meta Invests $900 Million in CRED; Kunal Shah to Lead WhatsApp

India Elected FATF Vice-President for First Time: Why It Matters

India Elected FATF Vice-President for First Time: Why It Matters

What is PayPal’s new structure? Venmo becomes standalone segment

What is PayPal’s new structure? Venmo becomes standalone segment

Instant Payments, Rising Risks: Digital Fraud Surges in India

Instant Payments, Rising Risks: Digital Fraud Surges in India

PM Modi Highlights India’s Investment Potential at World Summit 2024

PM Modi Highlights India’s Investment Potential at World Summit 2024

Trump Saudi Nuclear Deal Tied to Abraham Accords

Bumrah Likely to Miss Most of India’s England Series Due to Back Injury

Rajasthan Sandstorm: Visibility Drops In Churu And Bikaner After Heavy Dust Storm

Vice Presidential Election: BJD, BRS, SAD Abstain As MPs Vote For New VP Between NDA And INDIA Bloc

How Vaikuntha Ekadashi aligns human biology with solar and lunar cycles

US Visa Appointment Updates 2025: Wait Time Insights for Indian Applicants

Michigan Woman Survives 15-Pound Tumor After High-Risk Surgery in Chicago

Empowering Women: Insights from the IAMGAME Conclave 2024

Bay Area radio station renames itself to honor Alysa Liu

US–Iran tensions rise as Trump demands full IAEA inspection access

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Trump Saudi Nuclear Deal Tied to Abraham Accords

Bumrah Likely to Miss Most of India’s England Series Due to Back Injury

Rajasthan Sandstorm: Visibility Drops In Churu And Bikaner After Heavy Dust Storm

Vice Presidential Election: BJD, BRS, SAD Abstain As MPs Vote For New VP Between NDA And INDIA Bloc

How Vaikuntha Ekadashi aligns human biology with solar and lunar cycles

US Visa Appointment Updates 2025: Wait Time Insights for Indian Applicants

Michigan Woman Survives 15-Pound Tumor After High-Risk Surgery in Chicago

Empowering Women: Insights from the IAMGAME Conclave 2024

Bay Area radio station renames itself to honor Alysa Liu

US–Iran tensions rise as Trump demands full IAEA inspection access

#digitalpayments

Banglalink Mukto Pay Gets Bangladesh Bank PSP Licence

Banglalink Mukto Pay Gets Bangladesh Bank PSP Licence

Offline UPI Payments via NFC May Work Without Internet

Offline UPI Payments via NFC May Work Without Internet

Meta Invests $900 Million in CRED; Kunal Shah to Lead WhatsApp

Meta Invests $900 Million in CRED; Kunal Shah to Lead WhatsApp

India Elected FATF Vice-President for First Time: Why It Matters

India Elected FATF Vice-President for First Time: Why It Matters

What is PayPal’s new structure? Venmo becomes standalone segment

What is PayPal’s new structure? Venmo becomes standalone segment

Instant Payments, Rising Risks: Digital Fraud Surges in India

Instant Payments, Rising Risks: Digital Fraud Surges in India

PM Modi Highlights India’s Investment Potential at World Summit 2024

PM Modi Highlights India’s Investment Potential at World Summit 2024

Trump Saudi Nuclear Deal Tied to Abraham Accords

Bumrah Likely to Miss Most of India’s England Series Due to Back Injury

Rajasthan Sandstorm: Visibility Drops In Churu And Bikaner After Heavy Dust Storm

Vice Presidential Election: BJD, BRS, SAD Abstain As MPs Vote For New VP Between NDA And INDIA Bloc

How Vaikuntha Ekadashi aligns human biology with solar and lunar cycles

US Visa Appointment Updates 2025: Wait Time Insights for Indian Applicants

Michigan Woman Survives 15-Pound Tumor After High-Risk Surgery in Chicago

Empowering Women: Insights from the IAMGAME Conclave 2024

Bay Area radio station renames itself to honor Alysa Liu

US–Iran tensions rise as Trump demands full IAEA inspection access

Popular Cities