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Reserve Bank Of India Provides Guidelines For Payment Systems

PYMNTS

The Bharat Bill Payment System (BBPS) is intended to be used for scheduled bill payments , covering things like electricity, gas and water. The bankers met with Finance Minister Nirmala Sitharaman on Monday (Oct. For TReDS, there would have to be a minimum of Rs 25 crore in equity capital.

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Xero Announces BPAY Integration, First NZ Lending Partner

PYMNTS

New Zealand-based SME accounting software Xero has made a long-anticipated announcement regarding electronic bill payment capabilities. Reports from ZDNet on Thursday (Sept. The integration should be live by the end of 2016, the executive said. ”

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SMBs Cross The Chasm Of Accounting Innovation

PYMNTS

“Technology is changing the practice of accounting and finance,” Asgeirsson said in an interview with PYMNTS. “In America, we have millions of businesses using cloud accounting, using cloud-based payroll systems, cloud-based bill payment systems, so they have made that first big step,” he said.

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