ICICI Bank blocks payments for its customers on Flipkart’s wallet PhonePe
ICICI Bank cites restrictive practices and security concerns as reasons for blocking payments for its customers on Flipkart’s wallet and payments app.
Pratik Bhakta
Forex reserves down by more than $1bn due to revaluation of gold reserves
The major reason for the dip in reserves is because of revaluation of the gold reserves with the central bank which is done every month end.
Payment companies that run ATMs want to be compensated
“ATMs should also be considered part of the digital payments channel and not treated only as machines spitting out cash,“ said Himanshu Pujara.
BankBazaar launches new personal finance features on its smartphone app
Customers can view a personalised summary of their consolidated bank balance from the home screen itself, with the option to view bank-specific balances too.
Zeta launches online leave travel application on its app
Optima LTA Card is built on Zeta's digital platform that is uniquely designed to process LTA claims the paperless way.
ICICI Pru, ICICI Lombard buy 12% in Fino Paytech for Rs 150 crore
Fino Paytech is the only domestic remittance and payments company that worked as a business correspondent, to be awarded the payments bank licence.
You can't wish away cards and PoS, card cos tell Niti Aayog chief
Amitabh Kant, during his address at the Pravasi Bharatiya Divas in Bengaluru, said cards would lose their relevance as Indians will make transactions using just their thumbs through Aadhaar-enabled apps on merchant phones connected to biometric readers.
Digital payments volume didn't show any major pick up in November: RBI data
While industry sources quoted huge jump in digital payment transactions in November post demonetisation, data from the RBI shows a different picture.
Do you need to shell out extra for card payments?
Merchant Discount Rate, or MDR, is the price a merchant needs to pay for every transaction that happens through the point of sales device, or the card reading machine.
HDFC Bank unveils its first Humanoid Banking Assistant
Chugh said that even Ira was a customer facing physical form of all sorts of automation that the bank was undertaking at its back end.
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