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India accounts for nearly half of the global digital payments, highlights RBI report

India holds 48.5% share in the global real-time payments volume, according to the Reserve Bank of I…

ANI   


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Fast cross-border payments to make it difficult to check money laundering, terror funding: Fed official

The US Fed official overseeing payment systems said slowing down the speed at which payments are cl…

PTI   


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India tops global remittance charts at $125 billion in 2023: World Bank report

According to the World Bank, the report highlights India's significant position as the top remittan…

ANI   


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At $110 billion, Indian diaspora diverted more wealth than any other to its home country in 2022

While this is undoubtedly an impressive figure, it probably comes as no surprise, considering that …

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India received over $111 billion in remittances in 2022, first country to ever reach that figure: UN

The International Organisation for Migration (IOM), in its World Migration Report 2024 launched …

PTI   


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Economic Survey 2024: GDP grew by 8.2%, to sustain 7%+ growth momentum, fiscal deficit down to 6.4% of GDP

Gross Fixed Capital Formation, or investments in long-term, value-generating fixed assets increased…

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Indian exports show resilience amid global challenges in first quarter, says CRISIL report

Despite the positive growth in exports, the trade deficit widened to $21 billion in June from $ 19.…

ANI   


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Paytm to invest ₹100 cr in GIFT City, to offer AI-driven cross border remittance

One97 Communications Limited (OCL) that owns India's leading payments and financial services compan…

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Paytm to invest Rs 100 Crore in GIFT City; plans to offer AI-driven cross border remittance

One97 Communications Limited (OCL) that owns the brand Paytm, India's leading payments and financia…

ANI   


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Indian migrants to send home a record $100 billion in 2022 says World Bank

In its latest Migration and Development Brief, World Bank said remittance flows to India will rise …

ANI   


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Budget proposes hike in TCS on overseas travel, fund remittances out of India to 20%

Also, 20 per cent TCS will be applicable in cases where funds in excess of Rs 7 lakh are sent out o…

PTI   


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Remittances from overseas Indians increased by 12% $100 billion in 2022: Sitharaman

​​Speaking at a session during the Pravasi Bharatiya Divas (PBD) convention in Madhya Pradesh's Ind…

PTI   


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20% tax on foreign remittances make foreign investments unviable for retail investors

Budget announcement of 20% tax on foreign investments to make investments in the US markets less ap…

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1 min read

Why Pakistan's rupee has soared the most against the US dollar among global currencies

The rupee gained 8% from a record low in September, as Pakistan's government launched a crackdown o…

Filip De Mott   


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Capgemini says nearly half the world will be using cryptocurrencies to send money in the next two years — a revolution led by remittances

A new report by Capgemini estimates that around 45% of users will be using cryptocurrencies to make…

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Groww wants to scale its US trading platform but these are the hurdles

The problem, however, is not on Groww’s end but rather on dependencies that have been created so…

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India's UPI goes global, links with Singapore's PayNow for seamless cross-border transactions

In what is a first-of-its-kind collaboration with another country, India and Singapore on Tuesday l…

ANI   


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Neobanking platform Vance raises $5.8 million in seed round led by Hummingbird Ventures

Neobanking platform Vance raises $5.8 million in seed round led by Hummingbird Ventures

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RBI's moves to boost forex inflows could have an impact on domestic borrowing rates

Reacting to RBI's moves on Wednesday, Emkay Global in a report said: "While these measures to boost…

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India’s rich to shell out more for luxury cars, global travel but may have more to invest

The Union Budget 2023-24 is being hailed as the common man’s budget, but at the same time many …