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Bajaj Hindusthan sugar proposes second restructuring plan

CFO News

The company owes a group of 10 lenders led by State Bank of India (SBI) a total of ₹4,900 crore. Delays in payments had meant the account was tagged as NPA in the fourth quarter of last fiscal. However, the company cleared its outstanding dues in the last three months and has proposed a fresh payment schedule to banks.

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Pakistan Launches Payment System To Boost Financial Inclusion

PYMNTS

Pakistan has debuted a government-run instant digital payment system to help with financial inclusion and government revenue, Reuters reports. Payments for nationwide financial support programs, like the Benazir Income Support Programme and the Ehsaas Emergency Cash programme , can also be made through Raast, Reuters reports.

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Paysafe Readies $9 Billion IPO Via SPAC

PYMNTS

Online payments firm Paysafe is nearing a deal with billionaire Bill Foley for a special purpose acquisition company (SPAC) merger, according to a Bloomberg report, intending for Paysafe to go public. In addition, Foley launched another SPAC, Foley Trasimene Acquisition Corp.,

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A Corporate Finance Approach To High-Net-Worth Individuals

PYMNTS

According to Anneke Stender, executive vice president at accounting and software solutions provider TAG , this is a growing segment at a time when new, younger millionaires are continuing to emerge from places like Silicon Valley. The rising threat of cyberattacks against companies hasn’t gone unnoticed by this market, either.

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FLEETCOR Teams With Nissan In Brazil On Contactless Payments

PYMNTS

In a first-of-its-kind partnership, FLEETCOR company Sem Parar is teaming with Nissan on contactless payments in Brazil. Netto continued, “This partnership signals a leap in payments innovation for consumers and we look forward to bringing the benefits of Sem Parar to Nissan customers.”.

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Aleran Software Rolls Out OneMart B2B eCommerce Technology

PYMNTS

Sales order management company Aleran Software rolled out its OneMart B2B online shopping technology, according to a Thursday (Oct 1.) Users of OneMart will also receive integrated payment processing with the technology because of a collaboration with Payroc, according to the announcement. announcement.

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Cashplus Launches Payment Tracking For Its SMB Cards

PYMNTS

Cashplus is upgrading its mobile app with the Google maps spend tracking feature, the company announced on Thursday (Feb. The Spending Insights tool uses data from Google Maps to find out where and when a payment was made. The company also announced in September that it hired Rahul Duseja as its credit director.