Representative Image (Photo: Reuters) PayPal Holdings Inc. is rolling out a stablecoin, the first by a large financial company and a potentially significant boost to the sluggish adoption of digital tokens for payments. PayPal $ (PYUSD) is issued by Paxos Trust Co. and fully backed by US dollar deposits, short-term Treasuries and… Continue reading PayPal rolls out dollar stablecoin to boost digital tokens for payments
Tag: Payments
Indian Rupee not legal tender for domestic payments: S Lanka Central Bank
Sri Lanka’s Central Bank said on Wednesday that no domestic transactions would be allowed with the Indian Rupee in the island country, as it warned people not to be misled by inaccurate information surrounding the issue. The apex bank said that even though the Indian Rupee (INR) has been endorsed as a designated… Continue reading Indian Rupee not legal tender for domestic payments: S Lanka Central Bank
Cashfree Payments rebrands Zecpe, a one-click checkout platform, as Ecom360
Payments and banking technology firm Cashfree Payments on Wednesday announced the rebranding of its subsidiary Zecpe to Ecom360. The entity addresses end-to-end growth challenges that direct-to-consumer (D2C) businesses face. Cashfree Payments acquired Zecpe, a one-click checkout company, in February this year. With the rebranding exercise, Ecom360 aims to address a broader set of core… Continue reading Cashfree Payments rebrands Zecpe, a one-click checkout platform, as Ecom360
UN to reduce food aid, cash payments to Afghanistan amid ‘funding crisis’
The United Nations’ World Food Program claimed that at least 38 out of 86 countries, including Afghanistan, where the WFP operates have either witnessed cuts in aid or have plans to do so shortly, reported Khaama Press. Carl Skau, the Deputy Executive Director of the World Food Program said apart from Afghanistan, these… Continue reading UN to reduce food aid, cash payments to Afghanistan amid ‘funding crisis’
Payments, proper planning must for Hyderabad’s return: Formula E co-founder
Timely payments, proper planning and upholding the operational standards of Formula E are among the non-negotiables that Hyderabad promoters will have to deliver if the fully-electric racing championship is to return to India next year, series co-founder Alberto Longo told PTI. Longo does not want to sound rude while talking about Hyderabad’s Formula… Continue reading Payments, proper planning must for Hyderabad’s return: Formula E co-founder