Author: Bfsinxt Desk
Indian exporters face challenges with e-FIRS (Foreign Inward Remittance Statement) generation, which requires 2-3 weeks and multiple bank follow-ups. With this partnership, Cashfree Payments will provide e-FIRS to Tazapay merchants, complete with remitter & buyer details, for all their transactions within one business day.
Sriram Iyer – Chief Executive Officer, HDFC Pension said, “This is a very proud moment for us. We are delighted to have crossed this milestone of Rs. 50,000 cr. AUM and this validates our strong presence. This achievement becomes even more significant as we complete ten (10) years of business this year. This milestone is a reflection of the trust placed in our organization by our esteemed subscribers. We would like to thank our subscribers, Corporate partners, Points of Presence (POPs) and distributors for the confidence and trust they have shown in us and their support that has enabled the Company to grow over the years.”
AU Small Finance Bank has partnered with RuPay to introduce the business cashback RuPay credit card, an innovative solution tailored to meet the financial requirement of self-employed customers.
PhonePe, today announced that it has gone live with the UPI LITE feature on its app. The feature allows users to initiate low-value payments under Rs. 200, with a single tap from their UPI LITE account without entering a PIN.
Ajay Rajan, Country Head – Digital and Transaction Banking, YES BANK, said, “YES BANK has been at the forefront of digital innovation in the payments landscape of the country. The partnership between YES BANK and Cashfree Payments aims to simplify and revolutionise the way Indian exporters receive payments from across the world. This is aligned with the Government’s focus on boosting exports, especially in the MSME sector to make India a global manufacturing and services hub. The launch of Global Collections will empower the exporters to have real time access and control over their payments and collections journey.”
This license will allow the bank to undertake foreign currency (FCY) transactions and operate in the foreign exchange market, thereby making the Bank complete in terms of its products and services offerings to its customers.
Amit Majumdar, Executive Director – Strategic Initiatives at Angel One Ltd, said, “Angel One has established itself as a leader in fintech. I am excited to once again contribute to the company’s strategic initiatives and drive its growth further. I look forward to working with a talented team to achieve our goals and deliver value to our clients and other stakeholders. It is a great opportunity to enable Angel One to realise its ambitious plans.”
Murali Ramakrishnan, Managing Director & Chief Executive Officer (CEO), South Indian Bank, said, “It has been our constant endeavour to provide our customers with banking products that fulfil their needs. Accordingly, our flexible savings products will offer targeted NRI segments with convenient avenues to park their savings. We are confident that SIB SEAFARER & SIB PULSE will lay the foundation for more such products in the banking domain. I’m sure these products will create a new & universal template for the way NRI depositors transact with banks.”
Amit Majumdar, Executive Director – Strategic Initiatives at Angel One Ltd, said, “Angel One has established itself as a leader in fintech. I am excited to once again contribute to the company’s strategic initiatives and drive its growth further. I look forward to working with a talented team to achieve our goals and deliver value to our clients and other stakeholders. It is a great opportunity to enable Angel One to realise its ambitious plans.”
Small private lender, South Indian Bank recently tied up with Central Board of Direct Taxes (CBDT) for direct tax collections. The payment facility is now LIVE, allowing any taxpayers to remit Direct Taxes under ‘Over the Counter Mode’ and specifically for SIB customers, payment can be made via ‘Over the Counter’ as well as ‘Internet Banking’ modes, thereby making the process seamless and faster like never before. Thomas Joseph K, EVP & Group Business Head, South Indian Bank said “With this arrangement, we join the ranks of a select few other private banks in the country to carry out Direct…