The governing body overseeing India’s popular UPI payments rail is considering easing its proposed market share cap for operators like Google Pay, PhonePe and Paytm as it struggles to enforce limitations, two people familiar with the matter told TechCrunch. National Payments Corporation of India (NCPI), a special unit of India’s central bank, is considering increasing […]
X is getting closer to launching its payment service
X (formerly Twitter) appears to be making progress on its upcoming payments system, bringing it closer to Elon Musk’s vision of turning X into an “everything app.” According to a recent finding by app researcher Nima Owji, the company is working on adding a “Payments” button to the navigation bar under the bookmarks tab. Owji, […]
Stripe acquires payment processing startup Lemon Squeezy
Payments giant Stripe has acquired a four-year-old competitor, Lemon Squeezy, the latter company announced Friday. Terms of the deal were not disclosed. As a self-proclaimed “merchant of record,” Lemon Squeezy calculates and pays global sales tax for digital products, handling legal processing and fees in every country. It primarily serves SaaS and software businesses. In […]
Singaporean e-commerce firm Qoo10’s Korean units face probe due to payment delays to merchants
The e-commerce market in South Korea ranks as one of the largest in the world, but it’s also proving to be a precarious one. On Thursday, South Korea’s Fair Trade Commission announced that it had launched an investigation into two major South Korean e-commerce platforms owned by Qoo10—Ticketmonster (TMON) and WeMakePrice—for failing to pay out […]
“Clear Payment Within 10 days Or…”: Sacked India Football Coach Igor Stimac Warns AIFF
Terming his sacking “unilateral”, former India football coach Igor Stimac on Tuesday threatened to file a lawsuit against the national federation in the FIFA Tribunal if it fails to clear his dues within the next 10 days. Stimac lashed out at All India Football Federation (AIFF) president Kalyan Chaubey and accused him of breaching his […]