sigma alimentos , s.a. de c.v. , also known as sigma or sigma alimentos , is a mexican multinational food processing and distribution company headquartered in san pedro , near monterrey , mexico .

it produces and distributes refrigerated foods , mainly lunch meats , cheeses , and yogurts .

it is one of the largest producers and distributors of refrigerated foods in mexico , some of its well-known brands are fud , chen , san rafael , guten , and yoplait .

it is a subsidiary of the mexican industrial conglomerate alfa .

sigma reported sales of $ 5.4 billion for 2014 .

it has 67 plants and 152 distribution centers that employ more than 38,000 people in 18 countries .

the company increased its presence in the united states and the eurozone through acquisitions , of which the two largest have been the american bar-s in 2010 , and the european campofrio in 2014 .

sigma markets its products in mexico through major supermarkets , wholesale distributors , convenience stores , and mom-and-pop outlets .

in the united states , it operates through sigma foods and bar-s foods , with regional headquarters in phoenix , arizona .

in the eurozone , it operates through campofrío , jointly acquired with the chinese wh group in 2014 .

the company has presence in the americas and in the eurozone .

in north america it has presence in mexico and the united states ; in the eurozone , in belgium , france , germany , italy , netherlands , portugal , and spain ; and in central and south america , in costa rica , dominican republic , ecuador , el salvador , guatemala , honduras , nicaragua , panama , and peru .

in 2014 , sigmas ´s parent company , alfa , announced it may hold an initial public offering to list sigma in the mexican stock exchange .

in june 2015 , alfa also announced it acquired the remaining 37 % of the shares of campofrío held by wh group so that sigma can later buy it .

sigma alimentos

sigma alimentos s . a . de c . v . : credit opinion : sigma alimentos , s . a . de c . v .
sigma alimentos congelados , which produces burritos under the menu del sol brand name , is voluntarily recalling 201 cases of frozen beans and cheese burritos because they have the potential to be contaminated with listeria monocytogenes , an organism which can cause serious and sometimes fatal infections in young children , frail or elderly people , and others with weakened immune systems . although healthy individuals may suffer only short - term symptoms such as high fever , severe headache , stiffness , nausea , abdominal pain and diarrhea , listeria infection can cause miscarriages and stillbirths among pregnant women . the recalled product was distributed in and sold via retail outlets in california and nevada .
“we are a global food company dedicated to bringing local favorite foods to communities everywhere . within 18 countries , we offer quality branded food at a range of price points and across diverse categories . ”
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when a company announces a recall , market withdrawal , or safety alert , the fda posts the company ' s announcement as a public service . fda does not endorse either the product or the company .
recalled product can be specifically identified by locating the black printed code on red background on the front of the package , toward the top , next to the menu del sol logo . this information includes the corresponding lot number ( “lot c3018” ) and a best by date of march 1 , 2018 ( “best by mar01 18” ) as follows :
no illnesses have been reported to date . the potential contamination was found as a result of routine product testing and the recall is being initiated out of an abundance of caution . consumers are reminded to fully cook frozen food products according to package instructions . consumers who have purchased menu del sol frozen beans and cheese burritos with the above lot number and best by date are urged to return it to the place of purchase for a full refund . consumers with questions may contact the consumer hotline at 1 - 800 - 706 - 8289 .
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picnic is a brand of chocolate bar consisting of milk chocolate and peanuts , covering chewy nougat , caramel , biscuit and puffed rice .

picnic bars are lumpy in shape .

it is sold in australia , parts of canada ( such as quebec ) , new zealand , new york city , india , ireland , russia , ukraine , south africa ( packaged as " lunch bar " ) and the united kingdom .

the uk and indian versions differ from the australasian version in that they also contain raisins .

the cadbury picnic bar was first released in the uk in 1958 .

a popular slogan for the picnic , released in the early 2000s , was " deliciously ugly " .

during the 1970s the australian slogan for picnic was " more like a banquet than a picnic " .

picnic is manufactured by cadbury uk .

in australia , limited-edition variants picnic honeycomb ( a picnic bar with honeycomb pieces ) , picnic hedgehog ( a picnic bar with biscuit pieces ) and picnic rocky road ( a picnic bar with mini marshmallows and gumdrops ) have been sold in recent years .

in 2010 , a limited edition almond picnic bar was made available in new zealand and is now also available in australia under the name roast almond feast .

in april 2009 cadbury altered the weight of the standard picnic bar from 50 grams down to 48.4 grams .

again in august 2014 cadbury altered the weight of the standard picnic bar down to 46g in australia , with a noticeable reduction in the width of the bar , yet still in the old size wrapper .

in the uk the bar is also available in multipacks .

in 2011 , a fruit and nut picnic bar was released in australia .

picnic ( chocolate bar )

finest belgian milk chocolate bags 900g x 3 - chocolate fountain chocolate perfect . . .
nicks coconut , swedish chocolate coated coconut bar , no added sugar , gluten free 20 . . .
cadbury picnic bar is one of the oldest and most - loved bars in the cadbury chocolate bar range . it’s probably the favourite son , but we’re not really meant to say that sort of thing . it’s gone through some changes over the years , but essentially looks and tastes as good as it did when they perfected it back in 1958 . if you’re into nuts and wafer and chocolate and rice crisps and caramel , then bam ! you have come to the right spot . picnic bar is available in 46g , twin pack 67g , and a 180g sharepack .
browse our full range of chocolate including bars , figures , pralines and truffles in the chocolate store .
sens balanced energy cricket flour bar - delicious , no added sugar , pure ingredient . . .
browse our full range of sweets and chocolate including pralines , truffles , marshmallows , fudge and jelly beans in the sweets and chocolate store .
try this bursting with crispy cereal pieces bar , chewy caramel , plump raisins and salty peanuts , all covered in delicious cadbury milk chocolate . each pack contains 4 bars . it is ideal for an afternoon treat and for that sweet chocolate escape at work , home or on the go . it is made with
a glass and a half of fresh milk in every half pound bar of chocolate
. this product is suitable for vegetarians .
chocolate chunks taste great in the mouth but now you can enjoy them in your ‘wallet’ too ! and these chocolate chunks are guaranteed never to melt .
milk chocolate : milk solids 14 % minimum . contains vegetable fats in addition to cocoa butter .
chocolate chunks are special rewards that we give registered users whenever you make purchases on cadbury gifts direct and cadbury gifts direct for business .
d . o . b : 1958 height : 11cm weight : 48g body type : bobbly siblings : none about me : i may not be the best looking bar on the carousel but behind that nobbly exterior of cadbury milk chocolate you ' ll find a warm heart comprising crisply wafer and chewy caramel covered in peanuts and raisins . in australia i ' m marketed as being ' deliciously ugly ' . . . how rude !
full product name : milk chocolate with caramel ( 30 % ) , peanut ( 13 % ) , crispy cereal ( 10 % ) & dried grapes ( 7 % ) centre . storage : store in a dry place . protect from heat . usage : 4 servings
each chocolate chunk has a value of 1p and we ' ll give you a new one every time you spend £1 ( excludes carriage costs ) so for instance if you buy one of our delicious cadbury treasure boxes for £10 we ' ll give you 10 brand , spanking new chunks . now and again we’ll be splurging chunks to award multiple chunks for purchases so that you wallet grows in value quicker . we ' ll also give you chunks for registering with us and signing up to receive emails and other promotions .
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urltoken
% of your guideline daily amount ( gda ) . to be enjoyed as part of a healthy , active lifestyle .
sugar , peanuts , glucose - fructose syrup , glucose syrup , wheat flour ( with added calcium , iron , niacin , thiamin ) , dried grapes , palm oil , cocoa butter , cocoa mass , skimmed milk powder , whey powder ( from milk ) , whey permeate powder ( from milk ) , rice flour , milk fat , emulsifiers ( e442 , sunflower lecithin , e476 , e471 , soya lecithin ) , salt , barley malt extract , maize flour , flavourings , anti - caking agent ( e170 ) , raising agents ( e500 , e503 ) , milk proteins . may contain nuts , egg .
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we are passionate about our great quality cadbury products . not completely satisfied ? please contact us : freephone 0800 818181 ( uk only ) mondelez uk , po box 7008 , birmingham , b30 2pt . mondelez ireland , freephone 1 - 800 678708 malahide road , coolock , dublin 5 . urltoken
mondelez uk , po box 7008 , birmingham , b30 2pt . mondelez ireland , malahide road , coolock , dublin 5 .
a unique mix of raisins , peanuts and crispy bits . loved these as a kid so bought a pack to relive the memories .
we ' ve put this info together to help you get a feel for the product and have tried to make sure everything ' s correct . but sometimes things do change , so be sure to check the packaging and label once your item arrives . you ' ll also find the manufacturer ' s details on there and should drop them a line if you need further info about any of the ingredients used - they ' ll be happy to help . we always do our best to make sure shopping with us is hassle free , but unfortunately we can ' t be responsible for any incorrect product info on other company ' s websites , even if you follow a link to it from here .
our food is always the star attraction , but sometimes we like to give it the vip treatment . this means taking pictures of it with things that make it look even tastier , such as colourful crockery and other dishes in the range . much as we ' d love to throw these extras into your trolley , unfortunately they ' re only serving suggestions and aren ' t part of the product you ' re buying .
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rocks heart sweets sweet pink white as sweet table decoration at wedding baptism ho . . .
deluxe tea and biscuits hamper presented in a traditional wicker gift basket - gift . . .
deluxe tea and biscuits hamper presented in a wicker basket - ideas for birthday , w . . .
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unless expressly indicated in the product description , urltoken is not the manufacturer of the products sold on our website . while we work to ensure that product information on our website is correct , manufacturers may alter their product information . actual product packaging and materials may contain more and / or different information than shown on our website . if you have any specific product queries , please contact the manufacturer . this notice does not affect your legal rights . for medicinal products , content on our website is not intended to be used to diagnose , treat , cure , or prevent any disease or health condition or to substitute advice given by medical practitioners , pharmacists or other licensed health care professionals . you should contact your health care provider immediately if you suspect that you have a medical problem . you should always read the labels , warnings and instructions provided with the product before using or consuming it and not solely rely on the information presented on our website .
suggest check accuracy of description . described as 48 items and only 37 delivered .
arrived next day . we all enjoy eating them . will order more . . . . . . .
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we don ' t know when or if this item will be back in stock .
amazon pantry is a new benefit for prime members . you now have exclusive access to shop low - priced everyday essentials in everyday sizes . adding this item to your basket will start an amazon pantry box . our pantry boxes are large and can hold up to 20 kgs or 110 litres of product . there’s a £2 . 99 delivery fee for the first box and 99p for each additional box in the same order . buy as much – or as little – as you want , and get it conveniently delivered to your home . learn more
so disappointed with the size of picnics . . tiny ! ! compared to what was . . . how are cadburys getting away with it . . ( not the sellers fault )
a favourite of mine for over 50years . far better than the australian version . perfect with a cup of tea .
was worth buying before when they were £1 for four but not now , same as supermarket prices . . . : / one star off for that .
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as a result , we cannot show you the price in catalog or the product page . you have no obligation to purchase the product once you know the price . you can simply remove the item from your cart .
contains barley , milk , peanuts , soya , wheat . may contain eggs , nuts .
chunks can be saved up and put towards future purchases made on cadbury gifts direct and cadbury gifts direct for business . they can be used in full or as part - payment and make a real difference to the price you pay . chunks can ' t be exchanged for cash - sorry .


paymate is a leading provider of electronic business-to-business ( b2b ) payment solutions based in mumbai .

paymate helps large enterprises and smes transition from traditionally slow and costly forms of payments like cash and checks to real-time and efficient digital payments .

paymate provides business customers the ability to automate and seamlessly manage vendor payments ( ap ) , customer payments ( ar ) , invoicing , and cash flow .

in addition , businesses can easily apply for working capital financing at competitive rates .

multiple forms of electronic payment channels are supported including cards , net-banking , ach , neft , rtgs , and imps .

all services are delivered via its proprietary cloud based , payments platform and can be accessed on any web enabled desktop or mobile device .

processing of high volume transactions , payment settlement , mitigating risk , and security are core elements of the proprietary platform .

paymate is a pci-dss compliant and adheres to the highest standards and industry best practices for compliance , security , and risk .

paymate is a key player in the travel industry in india with over 13,000 registered agents and processing relationships with key airline and rental car companies .

it 's banking partners include state bank of india , hdfc bank , axis bank , corporation bank , kotak bank , syndicate bank , south indian bank , dena bank , abn amro abn amro .

paymate india was funded in 2006 by silicon valley-based venture capital companies kleiner perkins caufield & byers and sherpalo ventures .

additional investors include mayfield fund and lightbox ventures .

in 2008 , paymate expanded to sri lanka by partnering with the bank of ceylon .

paymate is also present in nepal , partnered with a number of banks there .

in 2012 , paymate launched a paypos application , which allows small businesses to accept credit and debit cards and process electronic transactions directly on their mobile phones at the point of sale ( pos ) .

in 2013 , paymate made a pivot to focus on b2b payments .

in 2016 , paymate establishes itself as the clear leader in b2b payments in india .

announced it has crossed $ 2b in annualized gross processing volume ( gpv ) .

paymate

mobile payments company paymate is surrendering its wallet licence to the reserve bank of india ( rbi ) . the rbi website shows that the surrender process began in february 2017 . the company has a pre - paid payment instruments known as paymate wallet .
copyright © 2000 - 2016 paymate the paymate service is provided by paymate pty ltd abn 42 154 594 199 , which holds australian financial services license n0 415833 . any general financial product advice provided in this website has not taken into account your objectives , financial situation or needs . please read and consider the combined financial services guide and product disclosure statement before acquiring or using the service .
paymate started urltoken to facilitate monetary and gift remittances across international borders . urltoken , launched in may 2008 as a branch of pay mate online , is the brainchild of ajay adiseshann . earlier he founded coruscant tec , a successful mobile content developer and aggregator company . “we are confident that nris will see great value in using mygiftmate for gifting their friends and family back home in india , ” says ajay adiseshann , founder and ceo of paymate . ‘’the emerging gift card market in india is forecast to see explosive growth and paymate with its mygiftmate product is well positioned for growth . the nri market is a key piece of our growth strategy for giftmate , ” he adds .
merchants receive money on a t + 2 working day basis in their linked bank account . however for the initial two months paymate will hold back 30 % of the merchant’s transaction amount . the remaining 30 % amount will be settled by paymate after every 15 days from the day of the transaction along with other due payments . after 45 days of satisfactory performance , the company will not hold back the 30 % and will settle the complete amount .
according to paymate , each paypos application has a unique and secure login , and customer card data is never stored on the handset . the company says that all communication between the application and the payment gateway server is encrypted .
paymate : - smart secure and safe online payments . simple and hassle free mobile application that allows you to pay your phone bills and purchase e - vouchers . we offer topup , bill pay & vouchers for kuwait telecom operators viva zain and oreedoo and international topup to 33 countries . get the largest collection of gift and utility vocuhers . paymate showcases the largest online collection of e - vouchers from itunes : - us , uk . playstation : - us , uk , kw . google play : - us , uk . steam , zain , viva , ooredoo , cashu , facebook , xbox , amazon , onecard , imuv , ticketchart . make cashless payments with paymate vallet ! ! ! ! ! you can enjoy cashless shopping and earn awesome vallet points for your online purchases via paymate . later you can redeem these points to cash and make payments . note : - we support knet and cashu gateways
mumbai : abn amro bank has tied up with mobile - payments provider paymate to provide its customers with mobile payments and ticketing services . existing customers of the bank���s mobile - banking service can sign up for the service , while new customers will automatically be registered for the service when they opt for mobile - banking services . the service will allow users to make utility bill - payments as well as airline and movie - ticketing through their mobile phones . paymate had also recently tied up with lic and corporation bank to enable their customers to pay insurance premia via the mobile phone . the company is also in talks with sbi to play a part in their mobile - banking offering , said ajay adiseshann , managing director and founder , paymate .
idbi bank paymate service presenting a simple , convenient and secure way to make payments . shopping was never so simple . with the sole aim of making payments for your shopping online or over the counter , even more convenient , we have introduced a revolutionary mobile phone based payment service in association with paymate . with this service , your mobile phone can now be used as a payment medium , similar to a credit or a debit card . the facility provides our customers an easy , secure and simple payment service platform anytime , anywhere .
paymate raised $ 14 million as indicated by crunchbase . it had raised $ 9 million in 2008 from mayfield fund , kleiner perkins caulfield and byers ( kpcb ) and sherpalo ventures . it had raised $ 5 million in a round of funding in 2006 kpcb and sherpalo ventures .
paypos currently supports visa and master card credit cards and debit cards . apart from charging the customers , the paypos app also allows them to track sales , manage reports , create promotions that merchants can send out to their customers , and view customer lists . at the time of writing this , we have downloaded the app on our smartphone but haven’t received any signup confirmation email from paymate .
sadanand heads compliance and risk at paymate . with a deep understanding of financial models , risk assessment , regulatory requirements , and a keen eye for detail , sadanand keeps a watchful eye on our business . a chartered accountant by training , he has 10 + years of experience in various industries , including 8 years in financial services and technology . sadanand follows cricket and formula one racing with a passion .
mangesh has over 17 years of experience in engineering , architecture , product management and delivery management . he has built and led a number of cross functional and cross national teams . before joining paymate , he served as cto of decimal factory uk , my mobile payments ltd . , and realteam systems . previously he held increasing levels of responsiblity as a programmer and project lead . mangesh is an avid music fan .
paymate pivoted from a business - to - consumer ( b2c ) business to a business - to - business model ( b2b ) in november 2014 . at the time , it had mentioned that was targeting small and medium business operating in the travel segment . it company claimed that it is on its way to get on board 20 , 000 smbs . in february the company had over 13 , 000 registered businesses on its platform .
ravi is a certified chartered accountant and also a qualified cost accountant . prior to paymate , ravi built his own consultancy practice that focused on helping technology and financial services companies . before that he worked at a f ferguson & co , a leading accounting firm , and consulted on corporate , strategic , financial and legal issues to some of the biggest businesses in india . ravi is a sports buff who loves distance running and playing soccer .
probir has over 20 years of experience in technology , operations , strategy and leadership roles in diverse technology related industries . he has held senior positions in international atomic energy agency , department of atomic energy , india , newscorp ' s star tv india and eurorscg interactive before getting bit by the entrepreneurial bug in webresource and coruscant tec , prior to paymate . probir likes to write and his articles have been published in various leading publications like business standard and economic times .
update : paymate co - founder and managing director , ajay adiseshann , informs that the solution supports debit cards and receipts are sent to end - users via e - mail . at the moment , paypos does not accept debit cards , so it’s only limited to payments from customers with credit cards , and fit for payments at mobile kiosks or card on delivery . but then , successful transactions would also depend on the mobile internet connectivity ( 2g / 3g / evdo ) , and payment gateway up - time . so we still don’t think it’s an out and out pos terminal replacement . however , it’s a good step in terms of initiating a mobile based merchant side payment solution , since we don’t have something like square or paypal here , available in india . perhaps paymate could extend the functionality of the service by adding a physical reader or maybe use the phone’s camera for scanning cards . adiseshann also informs that the company intends to introduce card readers , shortly .
mahesh has over 20 years of experience in the information technology industry and over 15 years in it management . his experience includes it operations management , developing and implementing it policies and procedures , compliance , risk assessment and management , all aspects of security , third party vendor management , and team building . prior to paymate he worked at ibm global services as head it . he has also worked at enron , vfs , escotel mobile communications ltd . mahesh loves to play and follow cricket .
it is said that good things come in small packages . but now you can say good things come the sms way . the short message service ( sms ) is not a new phenomenon , but it has gained wider applications in the recent past . now there is an additional benefit to sms – sending a gift voucher to your loved ones anywhere across the world within a few minutes time by a simple text message . thanks to the new and innovative mobile gifting service launched by paymate , a mobile payment service company .
the paymate service has a tie up with various merchants across india ( click here for the list of merchants ) . you can now shop with any of these merchants and can pay simply through your mobile phone . idbi bank offers this service to its customers absolutely free of charge . customers can enroll for this revolutionary service by submitting a registration form at our nearest branch ( click here for the form ) . for more information , please visit any of our branches or call our 24 - hour toll free phone banking numbers .
ajay is a serial entrepreneur with experience in building and leading successful technology companies . prior to paymate , he founded and grew coruscant tec , an early leader in mobile content that was sold to mukta arts ( bse : 532357 , nse : muktaarts ) . before that he founded and led webresource , a web development company . ajay also invests in tech startups and serves as a mentor and advisor to a number of technology entrepreneurs in india . an avid runner , he is also a big fan of indie music which he listens to on his favourite app - npr music . you can follow ajay on twitter @ aj _ meister
the gifting process is simple . you register with paymate which automatically qualifies you to shop with any of their validated online or offline merchants . while registering , you can assign your bank or credit card account and the amount for the gift voucher will be debited accordingly from the account you specify . you then get to choose a dynamic alpha code with a four digit pin which helps you send unlimited gift vouchers at your discretion to your loved ones in india . this procedure is convenient , safe and secure , and easy to use . you can sms the gift voucher to your loved one in india who will be able to use the gift voucher along with the code supplied at the outlets of thousands of offline and online merchants .
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i found an interesting article on siliconindia and thought it might be of significance to you as well .
it was a busy week for this young techie in los angeles , and hence remembered about his younger sister’s birthday only one day before . he knew he had no time left to ship a gift to india , but was sure that his sister on the other side of the globe would be expecting her gift to reach . he soon logged on to mygiftmate . com , a mobile gifting service and selected the amount to send and entered his email address along with the recipient’s valid mobile number in india and email address . then he proceeded to google check out to complete the purchase . back home , the young 16 year old was just back from her classes and was surprised when she checked her mobile to receive a gift voucher viasms . happy and thrilled she began to list out the things she would shop for with the gift voucher .
mygiftmate is much more technologically advanced than traditional money transfer companies . the recipient can spend the gift voucher at several merchants at any given time . in addition to merchants several banks , including the bank of ceylon , have registered with pay mate to help customers pay bills using their cell phones . mygiftmate , however , goes a step further by actually helping people send gift vouchers .
mygiftmate is highly selective of the merchants they validate by making sure that their businesses are genuine , and their products are of high standard and quality . many online and offline merchants are now getting on board this novel way of shopping that uses simple sms technology . it gives them an added alternative to grow and expand their business through cell phone technology , to add new virtual shoppers to their existing database , while it encourages them to stock new inventory . all this means one thing to the customer – unlimited possibilities in the world by cell phone shopping .
to augment its growth , tata indicom , a leading mobile solutions provider in india , has joined hands with pay mate , the original entity , to make all transactions successful in real time . this will make shopping by cell phone a raving technology of the present . pay mate is building a network of platform and services that enable simple , secure , and convenient payments between individuals , person - to - person ( p2p ) and between consumers and businesses ( b2c ) . “the pay mate network of platform and services has universal appeal . pay mate , in the coming months , will build out its network and go more mainstream , ” says dhruv singh , vice president .
adiseshann and his team do not want to remain contented with what they have achieved . they are funneling $ 9 million in various stages into promotions and business development – focusing intensely on achieving a superior platform of technology by enhancing security and advanced ease of features for all mobile users . pay mate and gift mate are setting their sights on providing services globally , not just limiting their services to asian americans .
it goes without saying that this cool startup is marching ahead , by not only building some cool products , but building technology which has the power to enhance people’s lives . the company also has chalked out a well laid out roadmap to move forward . while they roll out new things , you can send a quick gift for someone you love through urltoken
a requiem for our fellow professionals , corporates , business schools , and parents . are you listening ?
dhruv has extensive background in developing and implementing business strategy , building new markets , assembling teams , and leading revenue generation efforts at both large technology companies and startups . he has worked for and consulted with leading technology and financial services companies including amd , ati technologies , 3dlabs , creative labs , and nexus ( an exclusive ibm partner ) . dhruv is an avid reader , cyclist , and a passionate sports fan who follows cricket with as much vigor as he follows baseball and american football
ashutosh has over 20 years of experience in leading products across mobile , telecom , digital media and online platforms . he has led cross - functional teams and his experience includes product management , business development , strategic alliances , customer acquisition & retention . previously , he was instrumental in launching new products and initiatives at urltoken ( times internet limited ) , reuters market light ( thomson reuters ) , onmobile global , comviva and vodafone . ashutosh loves listening to music and spends his free time with his kids .
in the end , the politics of national pride derailed the deal as south africa did not want mtn to lose its independent identity . it wanted an assurance from the indian government that it would amend laws to allow dlcs . while prime minister manmohan singh assured south african president jacob zuma that the indian government would discuss all issues , this was evidently not enough for the south africans .
this also marks the seventh attempt by mtn to enter into a merger or strategic alliance with global communication majors . the south african giant has in the past been in failed discussions with the likes of vodafone , china mobile and reliance communications .
pallavi ambekar , analyst , coronation fund managers , cape town , a shareholder in mtn , is relieved that the deal has been called off . ���we are shareholders of mtn and we are quite positive that the deal has been called off . we felt that the deal in its initial format was quite complicated and felt that the price being offered undervalued mtn itself . i can���t comment on any new deal because we haven���t seen any new deal that was being presented . the deal was complicated . several things would have come in the way of actually concluding the deal , not necessarily just the sa government , ��� she said in an exclusive chat with et now soon after the bharti statement .
naturally , friends and well - wishers of sunil mittal are disappointed . dabur india chairman anand burman , mr mittal���s close friend for over 20 years , castigated government officials for derailing what would have been the country���s largest cross - border deal . ���it is a bit of a setback for sunil . but he���s a go - getter . he will go for something bigger than mtn . it���s rather sad that india���s best company with the largest number of subscribers and the pioneer of the low - cost business model had to fall prey to the technicalities of some government babus somewhere , ��� mr burman said .
ironically , the transaction under discussion did not involve any loss of national identity for mtn . it was a cash - cum - stock deal which would have resulted in bharti airtel getting a 49 % stake in mtn and the south african telco and its shareholders getting a 36 % economic interest in bharti . but the south africans wanted assurances for the future , which the indian government was not in a position to give as it said that allowing dual listing will need major amendments to key corporate laws and cannot be done in haste .
finance ministry officials had earlier told et that dlcs do not figure anywhere on the government and rbi���s radar at the moment because that implied a situation close to full capital account convertibility , which the indian government and rbi were unwilling to consider .
following bharti���s statement , the south african government said : ���when companies structure their relationships outside the current exchange control regulatory framework for such transactions , they require the approval of the minister of finance . this was the case with the proposed mtn - bharti merger , which required certain exchange control and other approvals . ���
despite the south african government���s failure to approve the deal , bharti airtel defended the proposed deal structure and said that ���the broad structure being discussed by the two sides had taken into account the sensibilities and sensitivities of both companies and both their countries��� .
the indian telco also said that since both companies were the national champions in their respective countries , the proposed deal structure had taken into account their leadership in their respective geographies to ensure continuity of business ��� including listing , tax residencies , management , brand etc .
���this transaction would have been the single largest foreign direct investment into south africa and one of the largest outbound fdis from india . the deal would have been a significant step in promoting south - south cooperation ��� a vision of the two countries , ��� bharti airtel���s statement added .
but the indian company has not totally given up , if its statement has is anything to go by . ���we hope the south african government will review its position in the future and allow both companies an opportunity to re - engage . ��� bharti airtel also added that it would ���continue to explore international expansion opportunities that are consistent with its vision and bring value to its shareholders��� .
the indian telco even politely observed that it ���enjoyed its engagement with the mtn management and its board and wished them continued success . ���
last month , bharti group chairman sunil mittal told et now that the company���s second attempt to forge an alliance with mtn was a well thought out move . ���i would not call it an audacious move . this is our second attempt at forging a deep and meaningful alliance with mtn . it is a very well considered move and there is a very strong rationale . our business model is ready to go out and that���s why i am exploring the mtn opportunity . ���
over the past month , mr mittal had aggressively wooed the indian political establishment to help bharti clinch the deal . the bharti group head had met the prime minister three times and held discussions with with finance minister pranab mukherjee as well as top government officials in a number of ministries .
bharti also indicated its gratitude to the indian government for its support : ���bharti is grateful to the various indian government authorities , in particular the minister of finance , the minister of commerce and industry and the minister of corporate affairs . we express our profound gratitude to the honourable prime minister of india for his strong support to what could have been a transformational partnership . ���
it was clear from the beginning that regulatory barriers would be the biggest obstacle in consummating the bharti - mtn deal . looking ahead , the indian government needs to think about the changes in our capital account regime that will facilitate the large cross - border transactions that indian companies aspire to . shares are a common currency for acquisition and indian companies would be shut out of overseas buyout opportunities if they are not allowed to issue them .
while dual listing is a step towards capital account convertibility , it is not necessarily a giant one . the indian capital account is open for fiis and in case of fdi . the companies act will also have to be amended to take into account taxation and accounting implications for a dual - listed company . but the risks of capital outflows may not be huge .
we probably have more money flowing out due to over and under - invoicing on the trade account . as the government gradually opens up the capital account , issuing ordinary shares to overseas investors ought to be on the agenda .
the government wants indian cars to be safer . but is the supply chain ready ?
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, the mobile payment company , has launched a paypos mobile application , which allows small businesses to accept credit and debit cards and process electronic transactions directly on their mobile phones at the point of sale ( pos ) .
the application has no setup fee , rentals , variable fees or minimum transaction threshold .
merchants with a smartphone or tablet ( android , iphone , and ipad ) can download the payos app on their phone . the merchant , after registering with the service , will be provided a merchant id ( mid ) and a device id ( did ) that will enable him to use his mobile phone as a pos device and have the merchant name show in the customer’s card statement . following that , he just needs to enter his mobile number and the amount on his smartphone . the customer enters the card details and the secure password or otp . the transaction is then processed in real time .
the credit card payment gateway fee of 2 . 95 % + taxes will be charged over and above transaction amount during settlement . however , merchants can also pass on the fee to the customers by including it in the total amount they charge their customer on the app while initiating the payment . in the international markets , payments company paypal charges 2 . 7 % for payments through its ‘paypal here’ mobile payments solution , while square charges 2 . 75 % .
but this is essentially using an online payment gateway for offline transactions , and will also involve an additional step for the customer - of entering the card details including the card number , cvv code and the 3d secure pin or an otp , which would make it a little cumbersome compared to swipe and pay terminal solutions . also , some customers could be finicky about paper receipts .
we did report that paypal intends to apply for a domestic payment license in india , but then we don’t know if it’ll extend ‘paypal here’ to india , and whether the regulatory framework in the country would permit it .
anupam - thanks for your feedback . our card readers are shipping shortly . the revised build will support this . our gateway supports debit cards as well . the second factor auth for debit card transactions vary from bank to bank . email receipts are mailed to customers . this app is targeted at small businesses who might not have a terminal and are on the move along with mom and pops to begin with . we have additional tools like sales reports and promotions built into version 1 .
policybazaar’s parent etechaces gets infusion of rs 190 . 5cr from info edge & macritchie
bhim saw 16 . 3m transactions in june 2018 accounting for only 6 . 6 % of upi payment
upi transactions jump 30 % to 246 . 4m in june 2018 ; rs 40 , 834 cr transacted
medianama is the premier source of information and analysis on digital and telecom businesses in india . more about medianama , here .
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imps fund transfer doubles to rs 3 . 23 lakh cr in fy ' 19 q1
accepting payments through your website has never been quicker , simpler or cheaper . apply today and start selling tomorrow !
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“we have been business - to - business ( b2b ) payments focused processing over $ 2 billion annualized with sustainable unit economics and have no requirements for a wallet , ” ajay adiseshann replied to an email to medianama .
in may 2016 , the rbi issued guidelines to digital wallet companies who wish to surrender their licences . the rbi mandated wallet companies need to send notices to customers which indicate that customers can spend the amount in wallets or opt for a refund to their bank accounts within a time period .
most recently , citrus pay said it would surrender its wallet licence after it was acquired for $ 130 million by payu . other wallet companies which are surrendering their wallet licences include atom technologies which runs wallets called ‘atom wallet’ and ‘aquapay’ .
rbi says that it is in the process of winding down three wallet providers – beam money , done card utility and oss payment solutions . in july 2013 , beam money surrendered its licence to the rbi and at the time anand shrivastav , chairman at beam money told medianama that semi - closed prepaid wallets did not make financial sense to the company . one of the major drawback , he said , was that it did not allow users to withdraw money from the wallet , which is important for a consumer company .
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