Payoneer announces new collaboration for digital entrepreneurship
FXC Intelligence Research Analyst Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
Payoneer, which is one of the online money transfer sector’s biggest and most well-respected names, will work alongside the Pakistani company Enablers to offer payment options to ecommerce sellers in the country.
The arrangement was celebrated during a meet-up between the two firms in the major Pakistani city of Lahore.
Senior figures at the firm said that they would work hard to implement new strategies to boost customer experience.
Rupee remains passive even as India s stocks shot up higher after RBI decision Published: February 05, 2021 09:14 Last updated: February 05, 2021 14:24 Gulf News Report Rupee s sticking to a range now, even as NRIs wait for it to go back to 20 and over to a dirham. Image Credit: Shutterstock
Dubai: Indian expats in the UAE will have to make do with the rupee at 19.75-19.87 levels for now, with India’s central bank retaining interest rates at 4 per cent.
“The RBI did what was widely expected and maintain its accommodative stance on rates,” said a senior official with the treasury operations at LuLu Exchange. “We feel that in the near future - i.e., for a week - the rupee might not go below 72.75 and might test 72.35 on the other side, which translates to 19.76-19.98 against the dirham.”
India will look beyond fiscal deficits to get the economy back on its feet. That’s the message conveyed by Finance Minister Nirmala Sitharaman in the annual budget for 2021-22, presented on Monday (February 1, 2021).
India’s spending plan aims to jumpstart the economy that has been going through a protracted slump in 2020-21 fiscal year with the GDP growth projected to contract by 7.8 per cent. That’s hardly surprising since all other major economies have taken the fiscal boost route to revive the flagging economic growth.
Under the current environment, government spending is a significant component to boost production, consumption and job creation. Of course, it has long-term consequences in terms of potential debt overhang, a surge in inflation, huge interest in government borrowings and currency instability and potential payment crisis in the future.
LuLu Exchange Partners Global Fintech Ripple and Federal Bank to Enhance Real-Time Payments from UAE to India
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LuLu Exchange in the United Arab Emirates (UAE) has confirmed that they’re teaming up with American Fintech Ripple (which is the subject of a major enforcement action from the US SEC) and Federal Bank in order to enhance real-time payments capabilities from the UAE to India.
We are proud to announce our partnership with Ripple and Federal Bank to enhance real-time payments from UAE to India that are faster and more affordable than ever before. Step into any of our 76 branches in the UAE or call 600 5222 04 to know more. #ripple#luluexchange@Ripplepic.twitter.com/VoCcycce92