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Amazon is Working on Hand-Scanning Payment System. Amazon is reportedly in the process of developing a system that scans users’ hands to receive payment instead of a physical credit card, cash or phone system. The point of sale terminals would be placed in physical retail stores and would allow customers to forgo carrying physical forms of payment. Instead of a universal approach, Amazon’s system would allow users to scan their hands on a store-by-store basis.…

Sale of Rs 10 million goods to unregistered buyers: Manufacturers not entitled to claim input tax adjustment: FBR According to FBR, Sale of Rs 10 million goods to unregistered buyers – Manufacturers not entitled to claim input tax adjustment. In order to document big distributors, the Federal Board of Revenue (FBR) would not allow input tax adjustment to those manufacturers who would sell Rs 10 million goods on a monthly basis to unregistered buyers. Explaining salient…

Ecommerce in the United States is growing faster than in China, which remains ahead in terms of overall sales volume, based on client data from payment services firm Payoneer, and the UK is growing faster than both. With the exception of Japan, at 3%, companies in the top 10 for ecommerce sales all saw strong double-digit growth in the third quarter. According to Payoneer, based on data from a sampling of more than 100,000 merchants…