India-Russia-China explore alternative to SWIFT payment mechanism
Russia’s financial messaging system SPFS will be linked with the Chinese cross-border interbank payment system CIPS. While India still does not have a domestic financial messaging system, it plans to link the Central Bank of Russia’s platform with a service that is under development, the persons cited earlier told ET.
Churn of senior executives at PSU banks delays adoption of tech: SWIFT Chairman
Customer security programme of SWIFT needs to be implemented ...
Fund to improve last-mile payment infra in small towns and villages
RBI also asked all state-level bank committees to ‘adopt’ a district reac...
State Bank of India to join SWIFT's global payment interface
“We are in the final stages of approval with SBI and we hope to announce the partnership soon,” said Kiran Shetty, CEO Swift India.
RBI penalty: Swift blames short-comings in automated payment processes at banks
It can be noted that the modus operandi of over Rs 13,000 crore fraud at state-run PNB, allegedly perpetrated by Nirav Modi and Mehul Choksi, rested on the abuse of the Swift system.
SWIFT India and South Asia Regional Conference 2019
To discuss these paradigm shifts, SWIFT - a financial messaging services provider - hosted the India and South Asia Regional Conference 2019.
Resolve your mobile wallets complaints with issuer's ombudsman first before going to RBI
Paytm Wallet and PhonePe Wallet are some examples of pre-paid instruments.
Economic sanctions need unanimity: SWIFT
Customers seek instant gratification when it comes to receiving money overseas or buying from websites abroad, the bank-owned cooperative is seeing its role evolve from moving funds for banks to tracking it all the way into individual accounts.
Why India needs to act swiftly on pragmatic plans to fix its agrarian crisis
This is the right time to take pragmatic steps to address fault lines in India’s agricultural and farming sector.
Why DHFL payment won’t bring any gains for investors soon
On Tuesday, DHFL paid Rs 962 crore as interest on some of the debentures.
Buy a car or subscribe to it via Zap, Revv? Here is a cost comparison
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Arundhati Bhattacharya to be SWIFT India Chairman
Bhattacharya, who had served nearly four decades at the State Bank of India, would succeed MV Nair who retires after about five years of heading SWIFT India.
RBI slaps penalty on 36 banks for SWIFT non-compliance
RBI has imposed penalties on 36 banks for non-compliance on SWIFT operations.
RBI fines 19 lenders for non-compliance on SWIFT use
RBI has imposed the fines over the past four days, according to stock exchange filings by the banks, though specifics of the non-compliance were not disclosed.
Global payments message service SWIFT expands tracker facility
SWIFT said GPI accounts for 10 per cent of cross border payment traffic and is enabling more than a hundred billion dollars to be transferred across the world rapidly and securely every day.
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