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In 2015, eleven companies received In-principle approval from the Reserve Bank of India to set up Payments Bank under the guidelines for Licensing of Payments Bank. [6]On 11 April 2016, Airtel Payments Bank became the first company to receive the Payments Bank license from the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949.
Elavon Inc., formerly NOVA, is a processor of card transactions and a subsidiary of U.S. Bancorp.Elavon offers merchant processing in more than 30 countries and supports the payment needs of more than 1,000,000 merchant locations across the globe.
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Nepal Rastra Bank began allowing Nepali citizens to pay merchants in India by scanning UPI QR codes from 27 June 2024. For commercial payments, there is a daily limit of ₹15,000 and a monthly limit of ₹100,000. [203] Fonepay handled over 100,000 UPI transactions in Nepal since February 2024, with a volume of over ₹250 million. [204]
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The hackers located credentials for the company's Amazon Web Services datastore in the repository files, and were able to obtain access to the account records of users and drivers, as well as other data contained in over 100 Amazon S3 buckets. Uber paid a $100,000 ransom to the hackers on the promise they would delete the stolen data.
In May 2015, the Australian Taxation Office (ATO) issued a directive stating that drivers that generate income via a ridesharing company need to have an Australian Business Number and be registered to pay the Goods and Services Tax (GST). Uber filed suit in the Federal Court of Australia, arguing that the public issue by the ATO "unfairly ...
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