Pratik Bhakta

  • UPI cash withdrawals in Bank of India soon

    UPI cash withdrawals in Bank of India soon

    Public sector lender Bank of India (BoI) has already introduced this facility for its own customers, in partnership with Mumbai-based payments company AGS Transact Technologies.

    Aadhaar enabled payment system growth slows in FY20

    Aadhaar enabled payment system growth slows in FY20

    AePS facilitates cashless transactions through biometric authentication. According to NPCI, which runs the platform, biometric-based transactions grew by 10% to 208 million transactions in October 2019 from 189 million in April. October usually sees high transactions because of the festive season and higher remittance from urban to rural areas.

    FIS India flouts ATM service conditions of Bank of India

    FIS India flouts ATM service conditions of Bank of India

    The problem came to light due to a complaint by a whistleblower, a source aware of the developments told ET. The issue has been taken up through an internal enquiry and four of FIS’ top executives who were managing the ATM and allied services business in India have been asked to step down till the enquiry is complete, the source added.

    Simplifying fineprint, big plan of insurance companies

    Simplifying fineprint, big plan of insurance companies

    While a few of the startups are simplifying the language of their write-ups, others are working on design elements like graphics, pictures and videos to explain product details to minimise confusion among customers.

    Non-financial firms chase digital verification startups

    Non-financial firms chase digital verification startups

    These companies are using the services of startups such as IDfy, VerifyDigital, inVOID and Yoti to identify employees, run checks on gig economy workers and providers of shared services like bike rentals, car rentals, and for dating and marriage services.

    Zerodha steps up as angel investor

    Zerodha steps up as angel investor

    Rainmatter is more of an incubator than a fund, said the founder of a startup which raised funding from the initiative. Startups look for advice from Kamath and his backing reduces the ‘go to market’ time for the companies, the founder said.

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