PMO suggests creating bank of PSUs’ surplus land to set up industries
The two suggestions were part of a series of recommendations that the PMO sent to various ministries, including the communications ministry, after a session with senior and mid-level officers in April.
Fund transfer via feature phones set to get easier
Currently, feature phones are not used for everyday payments despite there being a platfor...
PSBs set to limit electronic fund transfer charge
“This is to further promote digital and card payments,” the finance ministry said in a stat...
Government hooked onto hashtags for rural banking push
RRBs are mostly sponsored by full-service banks at the backend, NPCI is talking to the banks to help their RRBs by sharing the technology with them.
RBI wants more private firms to set up payment systems
Central bank says that it could allow multiple private entities to set up payment systems to encourage competition as there are very few players in this booming space right now.
Trai prescribes tariff for USSD-based mobile banking services
USSD technology is used by telecom operators to send alerts to their users. It can be used for pre-paid call-back service.
Mamata govt opposes proposal on GST incentives for digital payments
The state finance minister, Amit Mitra, shot off a letter to Sushil Modi, chairman of the GST Implementation Committee, in this regard ahead of the GoM meeting.
Need to harness technology to make payments system 100 per cent accurate: B P Kanungo
Speaking at NPCI National Payments Excellence Awards function here yesterday, the Deputy Governor, however said that India's payment systems are among the best in the world.
New simple USSD for feature mobile handset in 15-20 days
Chandrababu Naidu said, "There was an issue of inter-operatibiity of UPI of various banks in today's meeting. We are working on inter-operatibilty of UPI of different banks."
BSNL waives charges on USSD messages for banking till January 31
Essentially, the short code messages are used by consumers to avail banking services like checking balance, withdrawals, deposits and peer-to-peer-transfer.
USSD is good way of transacting on featured phones: RS Sharma, Chairman, TRAI
You can do banking transaction as robust and as reliable as any other smart phone will do.
Demonetisation: USSD technology shows you how to pay digitally without internet
USSD technology facilitates sessions of communication that can be used in various areas of life including banking.
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