With the rapid adoption of digital payments over the last one year, payment companies have been generating huge volumes of data on consumer behaviour.
RBI mandated sticking to the guidelines within a period of six months.
Rising worries over data privacy make authentication agents to blank out third-party companies fearing new leaks and resultant public backlash.
The bank hopes to take digital banking to remote corners of the country with 811 that is simple and useful as a mobile wallet but is also stacked with multiple features of a bank account.
Keya uses automatic speech recognition, natural language understanding and text-to-speech technology to help customers navigate smoothly and quickly through the IVR.
IMPS or Immediate Payment Service and NEFT or National Electronic Fund Transfer are modes of settlements for interbank retail payments.
The Bengaluru-based company intends to start with small value, short-term loans to consumers collateralised against their securities.
From established players like Faircent to early-stage companies like IndiamoneyMart, PaisaDukaan and OMLP2P, all are trying to develop the industry’s first blockchain platform.
As per the UPI-based metrics for February specified by NPCI, the total transaction count by all apps stood at 171.40 million.
The key feature of the new Android-based mobile POS is that it is a single device with in-built finger print scanner, card reader, camera, printer and tablet, in a portable form factor.
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