Mon, Feb 20, 2017 | updated 02:32 AM IST

Trupay inks deal with Paypal for global payments

Updated: Oct 04, 2016 12:23 IST

New Delhi [India], Oct 4 (ANI): Digital payment start up Trupay has announced its strategic partnership with global payments giant Paypal to enable international cross border payments for its customers and merchants along with enabling Paypal to use Trupay for its inward payments in India.

"With this partnership Trupay aims to be the one stop shop for all payments requirements for its online and offline merchants. Currently most merchants do not have a payment mechanism for any sales done overseas. Banks only cater to B2B payments for large corporate using letter of credit and other mechanisms for cross border payments," said Co-founder of Trupay, Vivek Lohcheb.

"Jewellery and handicrafts alone constitute over USD 50 billion worth of transactions annually from India, at present there are limited options for merchants to collect payments directly from overseas customer. This partnership will allow global reach for even the smallest merchant to sell its goods overseas directly to customers with total security and fraud prevention mechanisms," added Lohcheb.

"With this partnership Trupay also seeks to leverage the global best practices and risk management systems of PayPal. Trupay has already gone live with 21 banks and has also integrated with some of the top mutual funds, insurance and securities brokerages to provide UPI based real-time payments. Within a month of launching United Payments Interface ( UPI) on Trupay, the number of user downloads has already crossed 1,50,000 downloads figure," added Lohcheb. (ANI)

New Delhi [India], Feb. 19 (ANI): CAclubindia's Goods and Services Tax (GST) app became the number one app on GST on Google Play Store, with a successful 85,000 plus downloads within a month's time, scoring an average of 4.4 rating by over 700 users.

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New Delhi [India], Feb. 19 (ANI): Indian food processing sector has the potential to attract USD 33 billion of investment and create nine million jobs by FY 2024, revealed an ASSOCHAM-Grant Thorton Research paper.

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New Delhi [India], Feb. 19 (ANI): ONE Co.Work, the end-to-end co-working space provider, announced the launch of its Gurugram-based co-working office on Saturday. The event received a phenomenal response from the start-up community, investors, freelancers, and bloggers, and was also attended by several industry veterans.

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New Delhi [India], Feb. 18 (ANI): Khadi and Village Industries Commission (KVIC) which has, in the last six months, bagged large orders from several public and private sector companies since the Narendra Modi government came to power, has bagged the largest ever order from the Ministry Of Health on February 16, 2017.

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New Delhi [India], Feb. 18 (ANI-BusinessWire India): Working towards its vision of enhancing the employability of youth by skill development, CMC Skills Pvt. Ltd. in consortium with Mitcon Consultancy Services Limited was recently selected by Jharkhand Skill Development Mission to Establish and Operate Mega Skill Development Centre in Jharkhand on PPP mode.

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New Delhi [India], Feb. 18 (ANI): The 10th council meeting of the Goods and Services Tax (GST) to vet the draft supporting legislations crucial for its implementation has begun at Udaipur here today.

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New Delhi [India], Feb. 18 (ANI): Delay in resumption of imports by Iran is likely to hinder the recovery in Indian Basmati rice exports, says credit rating agency, ICRA, in its latest update note on Indian Basmati rice industry.

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New Delhi [India], Feb 17 (ANI): Spice Digital Limited, a part of Spice Mobility group has joined hands with MoMagic Technologies to introduce a new product named 'AdGyde'. AdGyde is a real time, mobile App Analytics and Attribution Solution for the App developers and marketers.

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New Delhi [India], Feb 17 (ANI-NewsVoir): The State Government of Victoria hosted a delegation of India's leading Creative Industries for the first time in Melbourne from the 14th 16th of February. The delegation explored business opportunities against the backdrop of the inaugural Asia-Pacific Triennial of Performing Arts (Asia TOPA).

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New Delhi [India], Feb 17 (ANI): The Reserve Bank of India (RBI) on Friday

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New Delhi [India], Feb. 17 (ANI): State Bank of India (SBI) on Friday played host to senior commercial bankers from Egypt at a Strategic Training Unit (STU) organized for the Egyptian bankers who were in India on a study tour on MSME units in the country.

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New Delhi [India], Feb 17 (ANI-NewsVoir): CA Technologies today announced it has appointed iValue InfoSolutions as a Value Added Distributor (VAD) for India and the South Asian Association for Regional Cooperation (SAARC) region to grow the mid-market segment and address customers' needs in their digital transformation journey.

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New Delhi [India], Feb 17 (ANI-NewsVoir): LexisNexis® India (www.lexisnexis.co.in), a leading provider of content and technology solutions, and Legasis Services Private Limited, a provider of integrated legal and information technology solutions specializing in the compliance domain for corporates, announced the launch of Enterprise Compliance Management Module for Ecommerce, Pharmaceuticals and IT/ITESin its Lexis®Practical Guidance portfolio. Lexis® Practical Guidance's Enterprise Compliance Management module is an incredible risk and compliance tool kit designed to help legal professionals in different industries. With clear, concise notes written by leading experts in compliance, spelling out exactly what needs to be done in practical terms, the module provides all sorts of forms, checklists, templates, precedents, policies, registers and examples that are required by any legal professional for compliance management right, and always in line with the latest changes in the law and the marketplace.

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New Delhi [India], Feb. 17 (ANI-BusinessWire India): RICS has launched Emerging Leaders Program (ELP) - a one-year executive program designed for mid-career to senior professionals in the real estate, construction, and infrastructure sector.

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New Delhi [India], Feb. 17 (ANI): Citizen engagement platform LocalCircles , via a survey, revealed that out of the 8, 715 participants, 68 percent said that majority of their transactions are now happening in cash. Only 32 percent said that they still prefer using debit or credit cards as well as other forms of digital transactions to make payments.

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Somany upgrades its mobile app in offline mode

Updated: Feb 17, 2017 15:05 IST

New Delhi [India], Feb. 17 (ANI-BusinessWire India): Somany Ceramics, a leading brand in the Tiles, Sanitaryware and Bath Fittings industry has recently upgraded its mobile app, enabling customers to browse content even in its offline mode. The app is a one-stop destination for users who are interested in tiles, sanitary ware, bath fittings and other ancillary products.

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New Delhi [India], Feb 17 (ANI): Credit rating agency ICRA on Friday estimated that the gross market borrowings of the state governments is supposed to rise from Rs. 3.7 trillion in FY2017 to Rs. 4.5 trillion in FY2018, which would exert an upward pressure on state development loans (SDL) yields in FY2018.

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New Delhi [India], Feb 17 (ANI): The government needs to continuously invest in improving the ease of doing business environment, develop sound infrastructure, and ensure availability of trained workforce as India is set on a growth trajectory that promises all-round development, economic welfare and strong macro-economic indicators, noted a recent ASSOCHAM-EY report.

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New Delhi [India], Feb 17 (ANI): One of the largest retail chains based out of the Middle East has recently signed up with LogiNext, to enable the tracking and optimization of the movements of their 1,000+ on-field employees. LogiNext is the fastest growing SaaS company in the field of logistics and field workforce management and it has now opened up its cloud-based software to all the companies with large on-field workforce across the world.

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New Delhi [India], Feb 17 (ANI): Cyber-security company F-Secure has acquired privately-held company Inverse Path, an industry leader in providing security services to the avionics, automotive, and industrial control sectors.

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