The Financial Conduct Authority (FCA) has granted the Electronic Money Institution (EMI) license to Volt, a paytech company based in the UK. This significant development allows Volt to issue virtual accounts to customers as a standalone product, marking a notable step forward in the diversification of the fintech industry.
In a case against e-commerce platform IndiaMART, PUMA has accused the platform of facilitating the sale of counterfeit PUMA products by third-party sellers. This has allegedly infringed PUMA’s registered trademarks and caused damage of reputation for the sports brand.