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Russia distances itself from the US dollar further as it moves to trade oil with India using the UAE's local currency: report

Russia is insulating itself from Western sanctions as it trades oil in currencies other than the do…

Phil Rosen   


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The UAE and India are in talks to use rupees to trade non-oil commodities in shift away from US dollar, report says

The move would build on an agreement signed in 2022, which aimed to increase trade excluding oil be…

Brian Evans   


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2 mins read

Over 200 million UPI transactions were done each day in July 2022

There has been a constant month-on-month increase in UPI transactions over the years and the…

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Mastercard and Visa dive deeper into the biometric payments space with new partnerships

Mastercard and Visa struck new deals in the biometrics space, which is expected to be worth $82.8 b…

Adriana Nunez   


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10 mins read

INTERVIEW: With a partner like Mukesh Ambani's Jio, Infibeam expects to hit $100 billion in online transactions in the next 5 years

The Ahmedabad-based fintech company, Infibeam Avenues, is looking to expand its relationship with…

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2 mins read

IPL 2020 gets another startup sponsor – Kunal Shah’s CRED is now an official partner

Launched in November 2018, the credit card payments startup has been in the news for its f…

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1 min read

Infibeam Avenues expands digital payments biz to US

"US market presents a trillion dollar digital payments processing opportunity. As part of our visi…

PTI   


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Stripe, the most valued startup in the US, to offer payment services to India’s merchants after its latest fundraise

US-based payments startup Stripe is making headlines all around the world after its latest fundrais…

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MobiKwik marks its global foray, enables international recharge in 150 countries

The international recharge feature is live in countries in the Middle East, Asia Pacific, Europe…

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Jet Airways’ desperate search for a new investor takes it to the US, Singapore and UAE

Under the airline’s resolution plan, a consortium of banks, led by SBI, will conver…

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GST may make operational costs of airlines in India costlier

Operating in a highly competitive market where the margins are wafer thin, airlines are in …

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3 mins read

Trump Jr. reportedly met with an emissary for Saudi Arabia and the UAE who offered to help Trump with the 2016 election

Zamel's lawyer said his client was never involved with the election campaign, and Trump Jr.'s lawye…

Daniel Brown   


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3 mins read

When Fitness Meets Finance

As more and more devices – an oft-quoted estimate says 50 billion by 2020 – connect with each other…

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2 mins read

Gold imports dip 4.23% to $12.64 billion in Apr-July 2024

In April, the imports jumped to $ 3.11 billion from one billion in April 2023. According to a jewel…

PTI   


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5 mins read

I'm a matchmaker for ultrawealthy men and charge up to $350K for my services. I give all my clients the same advice.

Christiana Maxion is a matchmaker for ultra-high-earning men and charges up to $350K for her servic…

Tess Martinelli   


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2 mins read

RBI is working on expanding UPI to 20 countries by 2028-29: RBI Annual Report

The Reserve Bank of India (RBI) along with NPCI international payments ltd (NIPL) will work towards…

ANI   


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3 mins read

De-dollarization is a fad that will backfire on countries trying to move away from the greenback, currency expert says

Dollar dominance is sticking around for at least the next few decades, one currency expert told Bus…

Jennifer Sor   


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2 mins read

Mumbai: ED seizes ₹37 crore worth deposits, cash in Ponzi case

Dalal "absconded" with this money after giving initial returns. It has been gathered that Dala…

PTI   


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China's yuan will take over as Russia's main trade currency 'once and for all' as US sanctions get tighter, think tank says

Ruble volatility will get worse in Russia amid fresh US sanctions, but this offers a way for the Ch…

Filip De Mott   


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Putin wants to strengthen a big challenger to Western dominance

BRICS is expanding, with Thailand and Malaysia recently expressing interest to join the bloc.

Huileng Tan