Innoviti Appoints Ramdas Parameswaran, Ex-CFO Acko Life Insurance as Chief Financial Officer
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Innoviti is at the forefront of India's digital payment revolution. Explore our insights, industry reports, and news as we shape the future of enterprise retail through collaborative commerce.
Standard Chartered has completed India’s first cross-border payment in a record time of 37 seconds through Swift’s new retail payments service, marking a significant milestone in international remittances. The transaction was completed in near real-time with end-to-end tracking.
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India’s payment habits have changed rapidly over the past few years. From buying vegetables to paying for a cup of tea, many everyday transactions now happen through a smartphone instead of cash.
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The new CBDT standards under the Income Tax Act have boosted crypto tax compliance in India, moving the country closer to the OECD’s Crypto-Asset Reporting Framework (CARF). The laws do not introduce new taxes, but rather increase tax reporting obligations.
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