Interoperability to soon give wings to mobile wallets like Paytm, MobiKwik
The RBI had announced that digital wallets that are compliant with its Know-Your-Customer norms will be interoperable by April.
Payments companies plan major digital payments push in rural hinterland
Fino Paytech which is on its way to become a Payments Bank and has an...
Note ban helpline waits for call from govt for a lifeline
The helpline's aim is to aid in understanding various digital payment systems, such...
ItzCash targets bill payments worth Rs 15,000 crore in FY17
Digital payments solution provider ItzCash today said it aims to facilitate bill payments worth Rs 15,000 crore in the current fiscal.
RBI calls for strengthening of business correspondent model
Reserve Bank of India has called for the strengthening of the business correspondent model to improve quality delivery of financial services in remote areas and arrest fraud.
For Cash-Mukt India! 6 BPOs, 2 telcos and a consultancy running helpline for free
Even though its aim is to help users understand digital payment systems, plenty of citizens are calling '14444' for grievance redressal.
NPCI plans negative database to check wallet-based frauds
Several wallet companies have been facing issues around money that is siphoned off from bank accounts by fraudulent means and loaded into mobile wallets.
Debit card breach puts a big question mark on PM Modi's quest to go cashless
India has been pushing cashless payments, touting JAM that involves bank accounts for poor, biometric identity cards and high mobile phone usage.
3.2 million debit cards compromised; SBI, HDFC Bank, ICICI, YES Bank and Axis worst hit
The breach is said to have originated in malware introduced in systems of Hitachi Payment Services, enabling fraudsters to steal information.
BHIM, Aadhaar Pay misuse not possible: UIDAI CEO
"It is meant for those who cannot use other means of digital payment, particularly if they don’t have a mobile phone or they are financially illiterate."
Digital payments worth Rs 12,599 crore made in Apr-July: Report
Increasing Internet penetration and financial inclusion initiatives by government have helped digital transactions, including those on mobile wallets.
Industry lauds government and RBI move towards cashless economy
The government has also suggested mandating payments beyond a prescribed threshold only in card/ digital mode.
Budget 2016: Swiping your card may help you save tax
Govt may announce tax benefits for non-cash transactions in this year’s Budget following recommendations made by the PCI.
Fintech firms pose no threat to banks in terms of innovative payments solutions. Read why
A couple of years ago, standalone and easy-to-operate wallets such as Paytm, Freecharge, Citrus, and MobiKwik shook up banks by offering huge discounts.
Lower MDR will kill the digital payments industry: Banks
While banks are likely to bear the maximum brunt of lowered rates, the impact will also ripple over to the rest of the ecosystem.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service