Premium cards offer perks like travel insurance, holiday packages, and travel miles.
Fintech Xflow gets RBI's in-principle approval to operate as a payment aggregator for cross-border transactions, aiming to simplify global payments
Changes implemented to improve security of UPI transactions outside India
Around 80 per cent of women-led businesses encounter difficulties with international payments, while 60 per cent struggle with complex regulatory compliances, according to a report. Despite their increasing role in the economy, women-led enterprises constitute just 15.4 per cent of India's 58.5 million businesses, the report on growing ambitions of women entrepreneurs in cross-border trade stated. The report stated that a poll of more than 300 women entrepreneurs highlighted four major challenges, including international payments and compliances, that women face while expanding their businesses globally. Around 60 per cent of women entrepreneurs struggle with export laws, trade regulations, and complex compliance requirements, the report prepared by Aspire For Her and payment solutions provider Payoneer said. Limited access to financial resources and supply chain & logistics issues are the other major challenges, it added. "Many women entrepreneurs face funding shortages and ...