Tax benefits for credit, debit card payments welcomed

Last Updated: Tuesday, June 23, 2015, 21:50

"Tax benefits in terms of income tax rebates to be considered to consumers for paying a certain proportion of their expenditure through electronic means," said the draft proposals on which comments have been invited till June 29.

Apple in talks to launch Apple Pay in Canada: Report

Last Updated: Friday, April 17, 2015, 22:09

Apple Inc is planning to launch its electronic payments service in Canada in November, the first international expansion of Apple Pay, the Wall Street Journal reported, citing people familiar with the matter.

PayPal to pay $7.7 million in US Treasury sanctions case

Last Updated: Thursday, March 26, 2015, 10:11

PayPal, the electronic payments firm, agreed to pay $7.7 million to settle charges by the U.S. Treasury Department that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, Treasury said on Wednesday.

RBI for electronic payments, ushering in 'less-cash' economy

Last Updated: Wednesday, June 27, 2012, 22:05

With an aim to make payment and settlement system more safe in the country, the Reserve Bank on Wednesday proposed to proactively promote electronic transactions for ushering in a 'less-cash' economy.