Mar 07, 2017 at 19:15 | Source: Moneycontrol.com
The future of payments will be like a sci-fi movie where NFC and facial recognition will enable payments. Currency notes will become a thing of the past, branches will become lesser even as robot advisors, virtual assistants and chatbots will be your new banker, wealth advisor and cashier.
Mar 07, 2017 at 13:31 | Source: Moneycontrol.com
Cyber security has become a hot-button topic particularly after demonetisation gave a huge filip to digital payments. However, banks have still not put in adequate security measures to prevent cyber fraud.
Mar 07, 2017 at 11:53 | Source: CNBC-TV18
Reliance Capital had invested Rs 10 crore to acquire its stake in the payment and e-commerce company and retains it free of cost.
Mar 07, 2017 at 08:59 | Source: Reuters
The USD 255 billion Chinese group and Paytm have already invested together to build a dominant mobile-wallet payment business, now worth around USD 5 billion. Their smaller e-commerce unit is now being separated out to meet Indian regulations.
Mar 03, 2017 at 17:24 | Source: Moneycontrol.com
Naspers Group-backed digital payments firm PayU is likely to invest USD 250 million in the Indian business in the next five years, as the company extends focus on consumer offerings besides core products, according to a senior executive of the company.
Mar 03, 2017 at 14:27 | Source: Reuters
Both companies are likely to approach India's central bank within 15 days with a plan that will offer to split the payment into two parts, the source, who has direct knowledge of the matter, said.
Mar 02, 2017 at 21:30 | Source: Moneycontrol.com
The move to educate the public on UPI and USSD services comes in the wake of the note ban enforced last November which sought to create a less-cash economy.
Mar 02, 2017 at 20:12 | Source: PTI
It said the policy on conduct of camps by FLCs (Financial Literacy Centres) and rural branches of the banks has been revised given the recent developments on withdrawal of legal tender status of old Rs 500/1,000 notes and the focus on going digital.
Mar 02, 2017 at 19:16 | Source: PTI
Alibaba Singapore E-Commerce Pvt Ltd will invest USD 177 million in Paytm E-Commerce Pvt Ltd, the demerged unit of digital payments company, One 97 Communications that operates under Paytm brand.
Mar 02, 2017 at 10:26 | Source: PTI
Banks including HDFC Bank, ICICI Bank and Axis Bank on Wednesday began charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.