Indonesian trade minister said on Wednesday (Oct 4) that the nation has banned e-commerce transactions on social media platforms, which came as a blow to TikTok, owned by China's ByteDance.

TikTok to stop e-commerce transactions in Indonesia after ban

Indians who are having an ongoing legal battle are now under scrutiny. In the latest move, India is planning to ask lawyers to keep a record of all transactions with their clients. In case of any suspicious activity, the lawyers are required to inform the concerned authorities on time.

Why is India planning to ask lawyers to report clients' dubious transactions?

India launched UPI, or Unified Payments Interface, in 2016, a few months before bank note demonetisation. UPI aimed to reduce the use of paper in payments and provide a safe and simple digital payment system. UPI recorded 4.50 billion transactions, worth Rs 8 trillion in December 2021.

India's UPI digital payments near 5 billion

The international arm of the National Payments Corporation of India (NPCI) on Thursday announced to deploy Unified Payments Interface (UPI) in Nepal to bolster interoperable real-time person-to-person (P2P), person to merchant (P2M) and potential cross-border P2P remittances between Nepal and India.

NPCI to deploy UPI payments platform in Nepal, 1st outside India

Major payments platform Visa announced that it will allow the use of cryptocurrency USD Coin to settle transactions on its network in a move to promote digital currencies and bitcoin.

World Business Watch: Visa to open payment option on Crypto platforms

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