Latest news with #NMI
Business Wire
3 hours ago
- Business
- Business Wire
LANDI and NMI Expand Partnership with Launch of LANDI M20SE: A Compact, Cost-Effective Android Device Configured for Tap to Pay
BUSINESS WIRE)-- NMI ®, a leader in embedded payments infrastructure, and LANDI Global, a leading provider of smart POS devices, announce the LANDI M20SE, a compact, all-in-one Android device, now available as part of the NMI Tap to Pay portfolio. As a cost-effective alternative to traditional mobile POS terminals, it gives small businesses an easy and affordable way to modernize in-person payments. Fully compatible with Mastercard's Cloud Commerce Tap to Pay on Android, the M20SE is a purpose-built solution that streamlines operations and delivers a seamless checkout experience for ISOs, resellers and their merchants. It offers the benefits of integrating modern payment technology, like SoftPOS, while minimizing complexity and upfront costs, making it an ideal choice for businesses seeking flexibility, functionality and value. Kanan Keeney, Senior Product Manager at NMI, said: 'Tap to Pay using a mobile phone is a fantastic low-cost option that removes the need for additional point-of-sale hardware, but it's not always a practical solution. Small businesses may hesitate to issue phones to every employee, or face challenges when relying on personal devices. At the same time, traditional contactless POS systems can come with a hefty price tag. The LANDI M20SE bridges that gap, offering a sleek, professional, POS device that's affordable, easy to deploy and packed with out-of-the-box functionality. It's a powerful new addition to NMI's expanding Tap to Pay portfolio.' Gary Topper, Vice President at LANDI, said: 'We're excited to expand our partnership with NMI as we continue to shape the future of the seamless customer experience. The M20SE reflects LANDI's commitment to delivering innovative, high-performance mobile devices that keep businesses agile in today's fast-moving payments landscape. Whether it's a large enterprise platform or a local shop, together with NMI, we're giving merchants a fast, flexible, cost-effective way to accept secure Tap to Pay transactions and provide a seamless checkout experience anywhere they do business.' Feature-rich and merchant-friendly, the M20SE, when used with the Cloud Commerce app, enables merchants to: Add multiple line items to a sale Prompt for tips Apply discounts and tax rates Send digital receipts View transactions Void or refund payments All functionality is available in-app, with no need for external peripherals or software development. Activating the LANDI M20SE is quick and hassle-free. Partners simply enable Tap to Pay on Android in the NMI Marketplace. Merchants download the Cloud Commerce app from Google Play and are then ready to start accepting contactless payments — no additional hardware, coding or complex setup required. About NMI NMI is a global leader in embedded payments, powering more than $440+ billion in payment volumes every year. From our industry-leading payment gateway technology to our seamless merchant underwriting, acquiring, onboarding and management platform, we enable our partners across the entire payments ecosystem. We help our partners deliver frictionless payment solutions to their customers, offering modularity, flexibility and choice, wherever and however consumers want to pay – online, in-store, in-app, mobile and unattended. And we're constantly innovating, empowering ISOs, software vendors and payment professionals as they embrace the future of fintech. Visit About LANDI LANDI Global is a leader in payment and professional merchant solutions. With over 100 million top-tier Android and Windows units shipped, our state-of-the-art POS devices and versatile mobility devices, along with exceptional local support, make us a trusted partner for financial institutions, retail chains, and small businesses. Our commitment to innovation and quality drives us to actively shape the future of commerce. Learn more at
Mint
5 days ago
- Business
- Mint
₹1 crore personal loan sounds tempting? Check your eligibility with this rule first
When you are applying for a personal loan, the amount that you want to borrow will be high on the priority list. While the quantum of the loan depends on the financial requirement of the borrower and therefore varies with each person, lenders follow a clearly stipulated formula before disbursing the amount. Several leading banks offer personal loans of ₹ 40-50 lakh with one lender even providing ₹ 1 crore for eligible borrowers. But most lenders provide personal loans on the basis of the net monthly income (NMI) of the borrower. NMI is calculated after deducting existing loan obligations from the salary/income of the borrower. Here is a guide on the maximum amount a person can avail as a personal loan, the importance of having low debt levels to get a higher loan and the ideal amount that you can borrow. This varies with each lender. State Bank of India (SBI) and Kotak Mahindra Bank offer personal loans of up to ₹ 35 lakh while HDFC Bank and Axis Bank provide ₹ 40 lakh. You can get a personal loan of up to ₹ 50 lakh at ICICI Bank. IDFC First Bank offers personal loans of up to ₹ 1 crore for eligible borrowers. The maximum amount that you can avail as loan entirely depends on your income, the policy of the lender and your ability to keep debt at low levels. Banks and financial institutions typically determine the size of your personal loan based on your NMI. They also take into account your credit score and repayment history. For example, if you have a monthly income of ₹ 60,000 and service a debt (including credit card payments) of ₹ 5000 on an average per month, then your NMI will come to ₹ 55000. Your maximum personal loan amount is based on the NMI of ₹ 55000. SBI has fixed 24-times NMI as the benchmark for personal loans, which in the case listed above works out to an eligible loan amount of ₹ 13.2 lakh. Lenders usually provide personal loans that range from 15 times to 40 times the NMI of the borrower. Axis Bank, for instance, offers a personal loan of 15 times the NMI of the borrower. NMI or debt-to-income (DTI) ratio is a key metric that combines all your debt and divides it by your monthly income. This is one of the first things lenders consider before approving a loan as it enables them to understand whether the borrower is in a position to repay the instalments. Though there are no clear benchmarks, an NMI of less than 40% is considered as ideal by lenders. Borrowers can use NMI to understand their loan approval chances and for financial planning. An NMI or DTI of less than 40% will greatly improve your chances of loan approval with lower interest rates thereby reducing your financial burden substantially. A personal loan is an unsecured loan. This means that you are not required to pledge any collateral to get the loan. So, lenders are extra cautious when they disburse personal loans. Banks and financial institutions provide a lot of weightage to your income as it determines your ability to repay the loan amount. They also consider factors such as credit score, outstanding loans, current income and stability of income. Lenders prefer providing loans to persons who are free of obligations. So, a high net income can get you a higher loan amount at lower interest rates. A personal loan comes with its own set of conditions. Interest rates range from 10.3% to 24%, which is high when compared to secured loans. But make sure that your debt is within reasonable limits when compared to your income before taking a personal loan. In any case, do not take personal loans of more than 25 times your NMI as servicing such a debt will become a hassle. If your NMI is ₹ 2 lakh per month, your personal loan should not be more than ₹ 50 lakh. Allirajan M is a journalist with over two decades of experience. He has worked with several leading media organisations in the country and has been writing on mutual funds for nearly 16 years.
Finextra
5 days ago
- Business
- Finextra
NMI rolls out Tap to Pay on iPhones in US
NMI®, a global leader in embedded payments infrastructure, now enables its U.S. customers to seamlessly and securely accept in-person, contactless payments with Tap to Pay on iPhone. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Tap to Pay on iPhone allows merchants to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay and other digital wallets, using only an iPhone and a supporting iOS app — no additional hardware or payment terminal needed. Using Tap to Pay on iPhone is easy, secure and private. With Tap to Pay on iPhone, at checkout, merchants simply prompt the customer to hold their contactless payment method near the merchant's iPhone, and the payment is securely completed using NFC technology. Apple's Tap to Pay on iPhone technology uses the built-in features of iPhone to help protect business and customer data. Apple doesn't store card numbers on Apple servers, so merchants and customers can rest assured that their data stays theirs.* NMI now offers two quick and easy options for enabling Tap to Pay on iPhone: NMI Tap to Pay iOS SDK empowers SaaS developers and fintech providers to embed Tap to Pay capabilities directly into their own iOS applications creating one seamless payment experience. The Cloud Commerce iOS app, powered by Mastercard's Cloud Commerce solution (available soon on the Apple App Store), enables small businesses to quickly start accepting payments with just an iPhone, no new hardware required. NMI's partners have the flexibility to either embed Tap to Pay on iPhone directly into their own apps using NMI's iOS SDK, or provide merchants an out-of-the-box solution with the Commerce Cloud iOS app. In both cases, merchants can start accepting contactless payments within minutes on an iPhone XS or later, running the latest version of iOS. Morné Botha, CEO at Jondosports USA, said: 'Demo days just became a whole lot easier. We frequently host demo days at golf clubs, and processing payments from golfers used to be quite a hassle. However, with [NMI partner] Paysley's app and Tap to Pay on iPhone, we can now complete sales and accept payments right on the spot—it's truly a game changer. Golfers love the convenience. It's quick, easy and helps keep everything running smoothly.' Tiffany Johnson, Chief Product Officer at NMI, said: 'At NMI, we are committed to democratizing payment acceptance. Tap to Pay on iPhone is the next wave of payment innovation: mobile-first, free of additional payment hardware and built for scale. With our low-code SDK and no-code Commerce Cloud app options, we are giving businesses of all sizes—from enterprise platforms to mom-and-pop shops—a fast, flexible way to accept secure, contactless payments and deliver seamless checkout experiences everywhere they do business.' Seema Chibber, Executive Vice President, Core Payments, Mastercard, North America, said: 'The future of commerce is rooted in checkout solutions that are convenient, frictionless and secure. By combining Tap to Pay on iPhone with Mastercard's Cloud Commerce technology and NMI's advanced payments infrastructure, we are removing last-mile barriers for businesses, enabling seamless in-person transactions. This is particularly crucial for small businesses seeking tools to thrive in today's digital era. With this contactless solution, we are driving greater acceptance across physical locations and offering more choice and flexibility for merchants and consumers alike.' Chris Roets, Founder and General Manager, Paysley, said: 'The integration of the NMI Tap to Pay iOS SDK marks a major step forward in our mission to empower merchants with smarter payment tools. It unlocks fast, secure mobile payments and gives businesses the flexibility to accept transactions anywhere, without being tied to traditional hardware."
Irish Examiner
5 days ago
- Irish Examiner
National Museum to unveil rare Irish medieval manuscripts in landmark international exhibition
A landmark medieval exhibition displaying rare manuscripts will be launched at the National Museum of Ireland (NMI) today, May 29. The free exhibition, Words on the Wave: Ireland and St. Gallen in Early Medieval Europe, focuses on early medieval Ireland and its profound impact on European intellectual and cultural life. Among the rare manuscripts on display are Isidore's Etymologiae, a 20-volume 7th-century encyclopedia exploring the meaning of words; Priscian's Institutiones Grammaticae, a Latin grammar book containing thousands of Old Irish marginal notes by monks; and the Irish Gospels of St Gall, a rare mid-8th-century illuminated manuscript. The Gospels feature vibrant and striking portraits of the Evangelists, vivid scenes of the Crucifixion, and the earliest known depiction of the Last Judgement. These manuscripts will be displayed alongside over 100 extraordinary artefacts, including the Lough Kinale Book Shrine — Ireland's oldest and largest container for a sacred book — the Ardshanbally Brooch, found near Adare in Co Limerick and dating from the 8th or 9th century, and a Viking sword discovered in the River Shannon in 2018. The exhibition will run from May 30 until October 24. This marks the largest-ever loan of these priceless artefacts, in what Cathal O'Donoghue, Chair of the NMI, has called "the most significant exhibition at the National Museum, Kildare Street in decades." The launch will take place in conjunction with Karin Keller-Sutter, president of the Swiss Confederation, who played a key role in securing the loan of 17 manuscripts from the Abbey Library of St Gall in Switzerland. The manuscripts trace the journeys of Irish monks who travelled across Europe in search of exile, refuge, and learning—bringing with them Ireland's unique artistic and scholarly traditions. They also reflect a 1,400-year-old connection between Ireland and Switzerland, dating back to the arrival of St Gall in the Swiss city of St Gallen in 612. An Early Medieval brooch-pin discovered at Ardshanbally last year that will be on display at the NMI. File picture: Fran Veale/Julien Behal Photography Arts and culture minister, Patrick O'Donovan said: 'This exhibition is a unique opportunity to see these manuscripts in Ireland and displayed alongside a fascinating array of artefacts that reflect their contents. "It's fascinating to see that researchers today are still discovering new insights into objects over 1,000 years old, and I would like to commend the collaboration between the Museum and the Abbey Library of St. Gall, as well as with UCC and TCD, in this regard.' Lynn Scarff, director of the NMI, added: 'In addition to the honour of hosting this exhibition, it has been wonderful to have developed and grown the collaborative relationship between the National Museum of Ireland and so many scholars and researchers across Ireland and Switzerland in the development of the project".
Iraqi News
20-05-2025
- Politics
- Iraqi News
Baghdad vows support for NATO mission as new general takes over
Baghdad ( – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, reiterated Baghdad's commitment to its relationship with the NATO Mission in Iraq (NMI) on Monday, promising to continue supporting the NMI's advising role in Iraq. Al-Sudani's remarks took place during his meeting with the newly appointed commander of the NMI, Major General Christophe Hintzy, and previous commander, Lieutenant General Lucas Schreurs, according to a statement released by the Prime Minister's Office (PMO). The Iraqi prime minister also discussed the current preparations for the second round of discussions with the alliance in Baghdad, which follows the first session conducted in Brussels last year. In late October, Al-Sudani and Schreurs discussed strategies to enhance security and military cooperation between Iraq and the NMI in light of the gradual withdrawal of the international coalition forces from the country. During their discussion in Baghdad, Al-Sudani was briefed about the outcome of the high-level meeting between Iraq and the alliance held in the Belgian capital last August. Al-Sudani ordered the establishment of a joint committee between the two sides, with Iraq's National Security Advisor leading the Iraqi side, to discuss all possible frameworks for cooperation. The Iraqi Prime Minister highlighted Iraq's commitment to switch to bilateral cooperation with NATO member countries that joined the international coalition against ISIS. NMI is a non-combat advisory and capacity-building mission that assists Iraq in developing more sustainable, transparent, inclusive, and effective armed forces and security institutions. The mission was formed in October 2018 following a request from the Iraqi government.
