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UIDAI halts Airtel and its payments bank’s e-KYC verification

Aadhaar issuing body Unique Identification Authority of India (UIDAI) has temporarily bared Bharti Airtel and Airtel Payments Bank from performing the SIM verification of...

Airtel partners HPCL for e-payments in Telangana, Andhra

Airtel customers in Andhra Pradesh and Telangana can now avail the facility of cashless payments at Hindustan Petroleum Corporation Limited (HPCL) fuel stations, thanks...

Paytm ropes in two new board members

The newly operational Paytm Payments Bank has roped in its two new independent directors. They are namely, PV Bhaskar, former Executive Director of the Reserve...

Paytm to commence payments bank operations from May 23

Digital payment brand Paytm is all set to start the operations of its payments bank from May 23. Post receiving the approval from the Reserve...

Airtel Payments Bank opens over 1 lakh accounts in Tamil Nadu

In a bid to contribute to financial inclusion, Airtel Payments Bank has enabled 100 villages across Tamil Nadu. The bank took this initiative to extend its...

Small Finance Banks: Transforming Banking in India

India is transforming in alignment with the digital revolution initiated by Prime Minister Narendra Modi led government. Banking and finance segment in particular is...

Government assigns Rs 500 crore to India Post Payments Bank for...

Indian Post Payments Bank (IPPB)has received Rs 500 crore from the Government for setting up its 650 branches across the country by September 2017. As...

India Post Payments Bank initiates pilot services

India Post Payments Bank (IPPB) has started its operations by launching its pilot services in Raipur and Ranchi. A P Singh, Chief Executive Officer, IPPB...

Nokia offers to become back-end backbone for payments banks

Finnish communications and Information Technology firm Nokia is mulling to offer back-end support to payments banks who have recently obtained approval from the Reserve...

Reliance, Birla, Bharti seek payment bank licence

Big corporate houses including Reliance Industries, Aditya Birla, Airtel and Future Group have applied for payment bank licence. A number of entities have also applied...