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GeM to implement penal interest for delayed payments by govt departments
Provision to enable public procurement portal GeM to impose penal interest for making delayed payments to vendors by ministries and dpts will be fully operational from Sept end, a senior official said.Read more
Vayana Network appoints Aneish Kumar as Senior Business Advisor
Aneish Kumar will play a vital role in strengthening Vayana Network’s partnerships across financiers and accelerate access to trade finance for supply chains. He has 38 years of cross-functional expertise.Read more
Delayed payments are a big drag on the economy
Safe and reliable electrical supply is critical for the growth of the manufacturing sector - one of the key pillars of Indian economy. And for this electrical and electronics industry will have to play its role as well. Read more
Gemalto launches the first biometric EMV card for contactless payments
Gemalto, has been selected by Bank of Cyprus to supply the world's first EMV biometric dual interface payment card for both chip and contactless payments. Using fingerprint recognition instead of a PIN code to authenticate the cardholder, the card is compatible with existing payment terminals already installed in the country.Read more
G2A PAY predicts eWallets as the future of online payments
In some cases, this payment method may also be beneficial to the customer when they are paying in a currency different from their native one. Digital wallets may make travelling abroad easier. One such example is G2A Wallet, which converts funds into Coins of equivalent value and handles the currency exchange at rates beneficial to the user.Read more
