Rising costs to push fintechs to speed up revenue streams
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The move to slash merchant discount rates to zero for UPI and RuPay transactions has further impacted revenues of payment firms .
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BENGLAURU :
Digital payments firms will be forced to look at speeding up their revenue plans as compliance expectations from the government and the Reserve Bank of India (RBI) may increase operating and compliance costs.
RBI’s recent directions on digital payment security is the latest addition to the list of compliance requirements that banks and fintech firms will have to adhere to in the next six months, causing payment operating costs to almost double and, in some cases, triple.
In the interest of achieving mutually beneficial and sustainable peace along the borders, the two DGMOs agreed to address each other’s core issues and concerns which have propensity to disturb peace and lead to violence, a statement said
Your sister will have to give a specific power of attorney
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I’m going through the sale of the property of our late father, who passed away in 2018. We have done the property’s mutation in the name of my mother, elder sister and myself (we are two siblings). My sister has moved to the UK, where she is working and residing. We have a buyer in India who has given an advance for the property and needs a power of attorney for the progress and to finalize the deal. I would appreciate your guidance on the same.
Sebi also stated that it was in constant touch with NSE officials and continued to monitor the situation closely.Stating that a root cause analysis report has already been sought from NSE, it said an MII has to submit a detailed root cause analysis to Sebi
The notification came days after a Congress-led government in the union territory lost power during a vote of confidence.The notification also said the Legislative Assembly of the Union Territory is placed under suspended animation