Tag Archives: Fees

Apple Sues Qualcomm in China Over Technology Fees

Apple Inc. has filed suit in China challenging Qualcomm Inc.’s fees for technology used in smartphones two years after Chinese regulators fined the chipmaker for its licensing practices. Two lawsuits filed by the iPhone maker accuse Qualcomm of abusing its control over essential technology to charge excessive licensing fees, a Beijing court said on its microblog. It said Apple reports ... Read More »

Lenovo Posts First Annual Loss in 6 Years on M&A fees

China’s Lenovo organization Ltd on Thursday reported its first loss in six years, with profits pulled down by means of acquisition and restructuring fees as well as vulnerable sales of smartphones and private computers (desktops). the arena’s biggest laptop maker booked a net loss of $128 million (roughly Rs. 859 crores) for the enterprise year ended March, from $829 million ... Read More »

Paytm Waives Off Merchant Fees on Offline Transactions

Paytm announced Wednesday that it is waiving off per-transaction merchant fees for wallet transactions made offline, to drive adoption of its wallet. There are only 1.3 million PoS (point of sale) terminals in India, which are typically given to more established outlets that meet the bank’s stringent KYC norms, said Nitin Misra, head of payment products at Paytm. Merchants often ... Read More »