Tag: Ties

Google Pay ties up with Visa to enable digital token transactions, NFC payments

Users can use their debit or credit card to make payments through a secure digital token attached to their phone.

New Delhi: Google Pay on Monday announced the rollout of tokenisation across its platform that will enable users to safely transact with their debit or credit cards. Through tokenisation, Google Pay Android users can use their debit or credit card to make payments through a secure digital token attached to their phone without having to physically share their credit or debit card details.

The feature will also facilitate use of tap-to-pay feature on near-field communications (NFC)-enabled point of sale (PoS) terminals and online merchants, a statement said.

 

“Working in close partnership with Visa and banking partners, this feature is now available to all users of Axis and SBI Card, with Kotak and more banks expected to follow suit very soon,” it added.

The feature also works with online merchants, delivering

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Pakistan denies visa to Indian envoy Jayant Khobragade, ties take another hit



a group of people walking down the street: Pakistan denies visa to Indian envoy Jayant Khobragade, ties take another hit


© Aakriti Handa
Pakistan denies visa to Indian envoy Jayant Khobragade, ties take another hit

Pakistan has blocked the appointment of Jayant Khobragade as India’s chargé d’affaires in Islamabad. It has denied a visa to Khobragade, the Times of India has reported.

After India revoked Article 370 and bifurcated Jammu and Kashmir region into Union Territories of Jammu and Kashmir and Ladakh in August 2019, Pakistan downgraded diplomatic ties with India by expelling Indian High Commissioner Ajay Bisaria. Since then, the Indian mission in Islamabad and the Pakistani mission in New Delhi have been headed by their charge d’affaires.

An Indian Foreign Service (IFS) officer of the 1995 batch, Khobragade’s name was proposed in June this year. In the same month, India had reduced the staff strength at the Pakistan High Commission in New Delhi by 50 percent.

Pakistan Prime Minister Imran Khan is likely to raise the issue in

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FINCEN FILES: Money trail ties Tokyo Olympic bid consultant to kin of IOC member : The Asahi Shimbun

Documents reviewed by an international media consortium have pieced together the flow of money from a consultant of the Tokyo Olympic bid committee to the son of an influential member of the International Olympic Committee.

U.S. bank and French criminal investigation records show that about $370,000 (about 37 million yen) was transferred from the bank account of a Singapore consulting firm hired by the bid committee to help its efforts to bring the Summer Olympics to the Japanese capital in 2020.

The money was sent by Black Tidings Co. around the time of the September 2013 IOC meeting that decided on Tokyo as the 2020 host city and went to the bank accounts of Papa Massata Diack, 55, and his company. He is the son of Lamine Diack, who was then a voting member of the IOC as well as president of the International Association of Athletics Federations.

Four years

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Visa (V) and PayPal Deepen Ties for Instant Money Transfer

Visa Inc. V and PayPal Holdings, Inc. PYPL have expanded their partnership, which in turn, extends the latter’s Instant Transfer services to the global markets, thus enabling fast domestic and cross-border digital payments.

PayPal’s instant transfer services leverage Visa Direct’s real-time payment capabilities. The deal extension comes at a time when real-time money transfer and payment settlement became the need of the hour. This requirement came up in the wake of COVID-19 breakout, which left consumers as well as small businesses cash starved. In such circumstances, instant access to funds, which can restore financial flexibility to those in need, is of utmost significance.

Visa and PayPal’s deal will allow family members residing in two different countries to transfer funds instantly. Also, small businesses can  pay and receive payments  on a real-time basis.

The magnitude of the requirement of real-time payment capability can be gauged from the fact that 76% of

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