FINO PAYMENTS BANK
Paytm plans to scale up its online lending business
It has recently launched All-in-One QR for merchants across the country to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI based payment apps directly into their bank account free of cost.
How to maximise benefits of savings bank account
The savings bank account is typically used to deposit money in a safe place and it has many ...
Fino too wants to be small finance bank
It reported revenue of Rs 370 crore, a growth of 61 per cent at the end of March 2019.
Paytm issued 3 million FASTags; seeks to add 2 million by March
The expansion would also involve tie-ups with leading car makers Maruti Suzuki, Hyundai, Honda, Kia, and MG Motor, offering pre-fitted Paytm FASTags at the time of vehicle purchase.
ETRise Top MSMEs Ranking: Inaccurate that MSMEs don’t get finance easily, says banking official
In a panel discussion under ETRise Dialogue, a top official of the Union Bank of India said that MSMEs were getting loans sanctioned by banks, especially under the PSB loans in 59 minutes. The Bank, he said, was proactive in MSME funding.
Unitech promoters diverted money of home-buyers and banks to off-shore tax havens: Audit report
Forensic audit of Unitech, done on SC's orders, reveal massive diversion of funds by the firm.
Top Q3 earnings, Budget buzz, AGR actions among key factors driving D-Street this week
Here is a list of factors that are likely to decide market direction in the days ahead.
The UPI effect: Why Indian banks need to up their cloud game in 2020
It is the banks that have to invariably do the heavy lifting for UPI transactions.
RBI extends recurring payments feature to UPI
The new functionality will allow UPI users to bypass additional factor authentication (AFA) every time a payment is made to a regular merchant by giving a onetime instruction to the UPI service provider. This facility was earlier available for card and wallet based payments
India Post Payments Bank CEO Suresh Sethi on his way out?
It is quite clear from this advertisement that Sethi is stepping away from the MD & CEO position, but it's not clear whether he is quitting the payments bank. Sethi, former managing director of Vodafone M-Pesa Ltd, was appointed MD & CEO of India Post Payments Bank in August 2017.
After Iran, UCO Bank may be chosen to pay Russia
India is set to change the bank it uses to make payments for Russian arms and is likely to route the money through UCO Bank, which is also being used to carry out trade with Iran.
YES Bank, IndusInd, SBI, PNB face risk from Rs 91,000 crore telecom debt
IndusInd, YES and PNB are the least preferred stocks in the sector, according to a UBS note.
Digital payment gains should be used to acquire merchants, says Nirmala Sitharaman
The prebudget meeting on Friday was necessitated after the government waived off MDR for merchants on digital payments made through RuPay debit cards and Unified Payments Interface (UPI) devices from January 2020.
HDFC Bank Q3 results preview: All eyes on slippages in auto, agri sectors
Motilal Oswal expects the bank to report a 24 per cent YoY jump in profit to Rs 6,950 crore.
BharatPe appoints Dhruv Bahl as Head of Operations
The company said he will be responsible for overall operations across merchant acquisitions, servicing, payments, lending and commerce. Bahl has previously worked at Fortis, Bain & Company, PayTM and Airtel Payments Bank and Roadzen. The company, which was launched in 2018, raised a total of $65.5 mn in two rounds of funding last year.
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