Latest news with #Juspay
Time of India
30-06-2025
- Business
- Time of India
Karnataka HC stays AAR notice to Juspay in Namma Yatri case
Academy Empower your mind, elevate your skills The High Court has stayed the Karnataka Authority for Advance Ruling 's (AAR) notice to Juspay Technologies , informing the Softbank-funded startup that it might void an earlier ruling that said its Namma Yatri app was not liable to collect GST on rides booked on the AAR notice came after Juspay's subsidiary, Moving Tech Innovations , filed an application before the AAR seeking a separate ruling after acquiring the Namma Yatri Sachin Shankar Magadum stayed the show cause notice dated June 19, 2025, on a writ petition from Juspay Technologies. The order, issued on June 26, was uploaded on the high court website on Monday. The judge also ordered notice to the AAR.'The short point that arises for consideration before this Court is whether respondent No.2 (Deputy Commissioner for AAR, Karnataka) was justified in issuing the show cause notice dated 19.06.2025 to the petitioner-company under Section 104 of the Central Goods and Services Tax Act, 2017, solely on the ground that the petitioner-company has transferred its assets to Moving Tech Innovations, a registered company and an associated entity of the petitioner,' the order petitioner argued that invoking Section 104 was permissible only in cases involving suppression of material facts or misrepresentation. In the present case, the transfer of assets from Juspay to Moving Tech Innovations does not, by itself, amount to either suppression or judge said he found prima facie merit in the petitioner's submission. 'A perusal of the impugned show cause notice does not reveal any specific or detailed allegation of suppression or misrepresentation. It appears that the sole basis for issuance of the impugned notice is the transfer of assets by the petitioner-company to Moving Tech Innovations. The action of the authority in invoking Section 104 of the Act, therefore, warrants a deeper examination.' The court asked the additional government advocate to come back on the case and justify invoking Section 104 of the CGST Act AAR, a statutory body that provides clarity on the applicability of GST, had on September 15, 2023, ruled that Namma Yatri was not liable to collect GST on auto-rickshaw fares because it followed a software-as-a-service (SaaS) AAR, in its notice, had said it could declare the September 2023 ruling void because Juspay had obtained it by suppressing/misrepresenting material facts. Also, the earlier ruling was binding only on the applicant who had sought it (Juspay, which no longer owns Namma Yatri) and the concerned jurisdictional GST officials, it renewed action in the Namma Yatri case comes at a time when app-based ride-hailing services such as Uber, Ola, and Rapido are stepping up efforts to resolve their differences with the Central Board of Indirect Taxes & Customs ( CBIC ) over the applicability of GST on rides booked through ecommerce platforms.
Time of India
25-06-2025
- Business
- Time of India
GST on ride-hailing: Karnataka AAR says may recall ruling on Namma Yatri
Synopsis This follows Bengaluru-based Juspay hiving off the cab-hailing business to a subsidiary, Moving Tech Innovations. The AAR said the company seems to have acquired Namma Yatri as a 'going concern' by suppressing/misrepresenting material facts. However, experts termed the move as rare and a clumsy effort to negate a business-friendly provision provided by Parliament.
Yahoo
12-06-2025
- Business
- Yahoo
dLocal and Juspay enter payments partnership
Cross-border payment platform dLocal has partnered with Juspay, a company specialising in payment orchestration, to broaden the payment options available to customers. This integrates dLocal's array of over 900 local and alternative payment methods with Juspay's payment ecosystem in markets across Africa, Asia, and Latin America. The collaboration is set to enhance the payment experience by offering region-specific payment methods such as credit cards, bank transfers, eWallets, real-time payments, and cash-based solutions. This is expected to strengthen business-to-business and business-to-consumer payment flows, simplifying transactions for companies and aiding in collections, disbursements, and cross-border transactions. By unifying the local payment expertise of dLocal with the technological capabilities of Juspay, the partnership is designed to assist merchants in expanding their operational reach. Juspay APAC and Middle East head Nakul Kothari said: "By leveraging dLocal's deep expertise in emerging markets alongside Juspay's payment platform capabilities, we are empowering our clients to effortlessly expand their global reach while offering customers localised and seamless payment experiences across a wide range of markets.' dLocal Commercial Partnerships head Horacio Raviolo said: 'By partnering with Juspay, we simplify the complexity of cross-border payments for their ecosystem, enabling them to access key emerging markets with minimal effort. 'Together, we're streamlining payments for businesses and offering consumers the payment options they trust and prefer in regions with rapid digital transformation.' In April, Juspay established an office in Singapore to serve the rising demand for digital payment solutions in the Asia Pacific region. Last month, dLocal collaborated with Panda Remit to enhance its payout capabilities within African markets. "dLocal and Juspay enter payments partnership " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
21-05-2025
- Business
- Finextra
Juspay opens Brazil hub
Juspay, a global leader in next-generation payment solutions for enterprises and banks, has announced the opening of a new office in Brazil. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This marks a significant milestone in the company's international expansion, since it is the first official effort to acquire a solid customer base in the country as well as in Latin America. Headquartered in 'India's Silicon Valley' of Bangalore, Juspay provides services like 1-click checkout experiences, full-stack orchestration, 3DS authentication, network tokenization, reconciliation, offers, fraud solutions, and much more for enterprises, and end-to-end white label new age payment gateway & real-time payments infrastructure for banks. Juspay was instrumental in building and scaling India's local PiX – called UPI (Unified Payments Interface) – to over 200 million transactions a day with 99.999% reliability. Now, the company brings their real-time payments expertise to Brazil, with cutting-edge PiX 2.0 experiences like Pix Biometrico, Pix Automático, and Pix by Proximity. Juspay will also extend their Open Source Payments Orchestration platform (Hyperswitch) for merchants who want to self-host, build & augment their own payments infrastructure. The company currently processes more than over $670 billion in annual total processed volume globally. Juspay is backed by top-tier investors such as SoftBank, Accel, and VEF, and serves 500+ global market leaders like Amazon, Google Pay, Flowbird, Zurich Insurance Group, IndiGo, Flipkart, Swiggy, Urban Company, and more. Sheetal Lalwani, Juspay's COO and Co-founder, highlighted the importance of Brazil for the company and the strategy behind the move. 'We are very excited to establish our presence in Latin America, starting with Brazil. Our expansion comes at a pivotal moment in Brazil's digital payments landscape, which is experiencing tremendous innovation and diversification. We intend to scale our team in the country to help companies manage global payments and deliver industry-first solutions like 1-click PiX (PiX Biometrico), drawing from our experience of building similar seamless payment experiences worldwide.' The new Brazil office will strengthen Juspay's global network of 1200+ payment experts operating out of India, USA, UK, Singapore, and Dubai. Shakthidhar Bhaskar, Director of LATAM Expansion added that 'Brazil is at the forefront of a payments revolution, with PiX, digital wallets, and embedded finance reshaping how consumers and businesses transact. As we expand into this dynamic market, we aim to empower merchants with world-class infrastructure and enterprise-grade performance & reliability that simplifies complexity—optimizing approval rates, reducing costs, and unlocking new experiences through deeply integrated, seamless payment flows.
Time of India
25-04-2025
- Business
- Time of India
ETtech Deals Digest: Startups raise $848 million in April so far; down 27% on-year
Startups raised around $848.3 million in funding between April 1 and 25, marking a 27.2% decline compared to the same period last year, when they secured $1.1 billion across 116 rounds in April 2024. #Pahalgam Terrorist Attack India pulled the plug on IWT when Pakistanis are fighting over water What makes this India-Pakistan standoff more dangerous than past ones The problem of Pakistan couldn't have come at a worse time for D-St This month, startups, mainly in the early and late stages, raised funds across 86 rounds, compared to 116 rounds in the year-ago period, according to market intelligence platform Tracxn . Also, startups had secured about $1.9 billion from 82 rounds in March 2025. Last week, from April 19 to 25, startups collectively secured around $76 million in funding. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now ETtech Top deals of the month GreenLine: Essar Group venture GreenLine Mobility Solutions announced raising $275 million via equity issuance to scale its green logistics business focused on liquefied natural gas (LNG) and electric trucks. Live Events Juspay: Payment aggregator Juspay closed a $60 million financing round led by domestic private equity fund Kedaara Capital, with existing investors SoftBank and Accel participating. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Tessell: Cloud database startup Tessell raised $60 million in its Series B funding round led by WestBridge Capital with participation from Lightspeed Venture Partners, among others . Scapia: Travel-focussed fintech startup Scapia, founded by former Flipkart senior executive Anil Goteti, raised $40 million in a funding round led by Peak XV Partners, with existing investors Elevation Capital, Z47, and 3State Capital participating. Infinity Fincorp: Mumbai-based non-banking finance company (NBFC) Infinity Fincorp raised $40 million in an extended Series A funding round led by Beams Fintech Fund. ETtech
