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News tagged 'Payments'

COVID disruptions a boon for Balance of Payments

Aug 25, 2020

KATHMANDU, AUGUST 24 The months-long lockdown that began in the third quarter of the last fiscal to curb the spread of coronavirus disrupted trade and life in general. This, in turn, resulted in the country’s balance of payments in the fiscal year 2019-20 to record a surplus of Rs 282.41 billion, reveals the annual macroeconomic update of fi...

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Apple sends warning to banks with Australian mobile payments decision

Apr 3, 2017

Apple Inc on Friday won a victory in its global fight to prevent banks from introducing their own mobile payment services on Apple devices, as an Australian regulator barred lenders from bargaining collectively for access. The decision by Australia’s competition watchdog, the first of its kind, will stop the banks from introducing their...

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TransferWise launches international money transfers via Facebook

Feb 22, 2017

NEW YORK:  Money transfer company TransferWise has launched a new service that allows users to send money internationally through Facebook Inc’s chat application, as competition in the digital payments landscape intensifies. The London-based startup said on Tuesday that it had developed a Facebook Messenger “chatbot”, o...

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