Payments involving bank cards, online payment vehicles, commercial papers, credit transfers and other settlements rose 16.2% over 2021

Industry pundits believe the move would make PayPal potentially lose customers and allow other competitors to step in

For every 100-rupee note, the cost works out to be 15-17% on each tender in its four-year life cycle, the report said citing a market estimate

The decision, Indian media reported, is based on a preliminary internal investigation of the Paytm rival that has yielded indications of financial fraud

The bank said it wrote off 16.62 billion rupees, which included loans in consumer and microfinance portfolios

While Bank of Japan has made no decision yet on own digital currency, it is proceeding with experiments and a plan to deliberate on specific designs of one, Governor Haruhiko Kuroda said

The financing - which brought the company's valuation to more than $8 billion - was co-led by D1 Capital Partners and Spark Capital

The debut follows the official launch of Scotch & Soda’s first digital store on Tmall in China last autumn

The company said it would compete with large banks and non-bank lenders by offering unsecured trade finance with lines of up to $5 million

Zhou Jiangyong "supported disorderly expansion of capital" and "illegally accepted huge amounts of property," according to anti-graft watchdog

China's 2021 fiscal revenues rose 10.7% to 20.25 trillion yuan ($3.2tn). Vice Finance Minister Xu Hongcai said greater tax and fee cuts would be unveiled in 2022 to relieve pressure on economy

The pressure keeps piling on the Indian payments giant which after its IPO debacle must now deal with gloomy predictions about its future revenues