Tag Archives: payments

India’s antitrust watchdog has opened an investigation into Google for allegedly abusing the dominant position of its app store and Android mobile operating system to promote its payments service in the world’s second largest internet market. In its Monday announcement (PDF) about opening an antitrust case against Google, Indian watchdog Competition Commission of India (CCI) said it would review claims whether Google “unfairly” skews the search results on… Source link

New Delhi: The Competition Commission of India has opened yet another antitrust case against Google, this time looking into the company’s payments app, Google Pay. The case alleges that Google unfairly promoted its own payments app via “prominent placement on the Play Store” and “imposing unfair terms on users by requiring them to use Google Pay which is not in compliance with the data localisation directive issued by Reserve Bank of India and the guidelines issued by NPCI”. … Source link

R184 That is probably illegal for Google to do that as a third party, and maybe illegal for whoever to do that. It then could be classed as collusion and open up continuous successful litigation. The courts have tolerated attempts to try to force them into common law acceptance of practices through standards of practice by internet companies. But as much as practices violate common and civil and criminal laws, or people some don’t want those standards as in appropriate to… Source link

A strange app has surfaced on the Google Play Store, an app from Google called “Device Lock Controller”. The app was quietly released back in June and has around 10 downloads as of this reporting. Basically, the app is designed to let creditors, banks, carriers (whoever you owe money to) limit function on the device if you fall behind on payments. The app’s function is described on the Play Store as follows: Device Lock Controller enables device management for credit providers…. Source link

Google and Walmart have a new challenge ahead of them as they race to expand the reach of their payments apps in India: They won’t be permitted to grow beyond a limit. National Payments Corporation of India (NPCI), the body that operates the widely popular UPI payments infrastructure, said Thursday evening that it will enforce a cap to ensure that no single payments app processes more than 30% of UPI transactions in a month. The payments body said the move is… Source link

GlobeNewswire Town and Country Financial Corporation Reports Record Third Quarter 2020 Financial Results SPRINGFIELD, Ill., Nov. 05, 2020 (GLOBE NEWSWIRE) — Town and Country Financial Corporation (the “Company”) (OTC Pink: TWCF) today announced financial results for the third quarter of 2020. Key highlights included: * Record third quarter 2020 net income of $2.1 million, up slightly from third quarter 2019, and after a quarterly provision for loan losses of $1.5 million. * Record net… Source link

New Delhi: A top Bharti Airtel executive said the adjusted gross revenue (AGR) issue was more or less behind it, but the telecom operator still needed some clarity from the government over what was the actual amount to be paid from here on, given the Rs 18,000 crore it had already paid upfront. The telco has yet to make a decision on filing a curative petition seeking a correction in the computation of its AGR-based dues, said the executive, who spoke to ET on the condition of anonymity. “I… Source link