MSwipe, a mobile PoS machines company, has around 5k smart devices in the country.
TerraPay has partnered with Yes Bank in a Rupee Drawing Arrangement which enables TerraPay’s network partners to make instant cross-border money transfer to bank accounts in India.
Without naming the defaulters, the Reserve Bank said the lenders will be asked to initiate insolvency proceedings to recover the dues.
Government-backed hackers are the real threat: TR Ramachandran, group country manager, India and South Asia, Visa
If cost was the major concern, we would never have such a huge share of business coming from nationalised banks such as SBI and Bank of Baroda, says Ramachandran.
“Our target is to help banks to reduce their branch size to one tenth of its present size and still be able to offer all the services a fully equipped branch can provide,” said Dastur.
SBI's merchant acquiring business has around 450,000 merchants exclusively.
LoanMeet provides short-term working capital loans to retailers for inventory financing, and it is currently growing at roughly 50% month-over-month.
This comes in the wake of the bank getting embroiled in a major controversy two days back, when they sent a mail to its customers saying that all UPI payments will be charged from July 10.
The regulator has replaced more than 100% of cash in terms of number of notes.
The govt, which has to own at least 51% in banks by statute, is not in a position to provide capital. And private capital can’t flow either because of law.
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