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IDFC Bank in remittance pact with financial platform Uphold

IDFC Bank in remittance pact with financial platform Uphold

IDFC Bank has partnered with global financial platform Uphold for inward remittances into the country.


Starting with the UK and US, Uphold’s users will be able to send money or make payments to anybody in the country, which will be redeemable in any Indian bank, IDFC Bank said in a statement today.


The partnership is yet to receive RBI nod, it added.


The private lender, which started operations in October last, currently has 48 branches.


PayPal to offer 1percent rebate on conversion fee to small biz *Global payments company PayPal will offer small business owners 1 per cent rebate on the currency conversion processing fee.


The move will help improve merchant economics in the cut-throat e-commerce environment, the American company said in a statement today.


PayPal’s Vice-President of regional merchant services for APAC region Hamish Moline said this step is intended to improve the payment ecosystem.


Advancells plans to open stem cell research labs in Bengaluru. Advancells, a Noida-based stem cell therapy solution provider, will open state-of-the-art laboratories in Bengaluru to undertake research in stem cells for treatment procedures.


The laboratories are part of Advancells’ pan-India expansion plans to update its technology, keeping in line with the latest developments in the field around the world, the company said.


The first lab here will be functional in the next few days and others in subsequent months, it added.


Advancells CEO Vipul Jain said the new research labs in Bengaluru would not only enhance the diagnostic facilities here, but also make the treatment of degenerative diseases easier for patients.


The key areas that Advancells deals in are neurological conditions, orthopedics, chronic kidney diseases, COPD and other lung diseases, liver diseases, cardiology, autoimmune disorders, ophthalmology diseases, infertility and cosmetic procedures.