ShopClues is introducing several merchant initiatives and workshops nationwide to have a smooth transition to the Goods and Services Tax (GST) framework. The online aggregator plans to pan over five lakh plus merchants under the new tax regime as it is required to file returns under GST, which wi…
Tag: PoS
SBI waives debit card charges for small shops
State Bank of India has waived debit card acceptance charges for merchants with an annual turnover of less than Rs 20 lakh. SBI — whose network of 4 lakh point of sale terminals (PoS) is the largest in the country — is currently adding 1,000 new merchants to its credit card acceptance network. Th…
Demonetisation | PM urges SMEs to embrace cashless mode to multiply turnover
In his first monthly radio address after demonetisation, Prime Minister Narendra Modi on November 27 urged small businesses and workers to embrace cashless transaction through mobile banking and plastic money. “I would like to tell our small and micro businesses to take up this opportunity …
GST needs point-of-supply clarifications
With GST round the corner, companies are already reviewing and analysing the actual impact on their supply-chains. Unlike the existing regime, GST would be a destination-based consumption tax and the tax would accrue to the state where the goods/services are consumed. In this regard, the Model GS…
HDFC Bank begins SmartUp for start-ups in Kolkata
HDFC Bank Ltd on May 13 launched SmartUp, a first-of-its-kind dedicated solution for start-ups in Kolkata. SmartUp is HDFC Bank’s tailored solution to meet all the banking requirements of start-ups, and offers banking and payment solutions, along with advisory and forex services. Launched in asso…
HDFC Bank gets startups onboard to increase customer convenience
Very soon you might be able to make payments digitally at a retail outlet without any internet connection on your phone, get personalised banking options when you withdraw cash from an ATM, or even do phone banking over a chat session with a robot. India’s second largest private sector lend…
Shopclues eyes companies in the ad-tech, payments and analytics space
Shop-Clues is scouting for payments, analytics and ad-tech companies to buy, leaning on acquisitions primarily to strengthen its seller network to trump over its rivals. The online retailer only recently laid claim to being a billion-dollar startup but has been quick to outline aggressive plans t…