Tags Posts tagged with "Payment Systems"

Tag: Payment Systems

Report fraud in 3 days to avoid losses: RBI

In a bid to protect the customers from the menace of financial losses due to frauds, the Reserve Bank of India (RBI) has restricted...

E-payments grew by 55 per cent in 2016-17: NITI Aayog

Acknowledging the rising interface of digitisation in banking, NITI Aayog has said that digital payments rose 55 per cent  in 2016-17, against a 28...

S Ganesh Kumar appointed as RBI’s new Executive Director

The Reserve Bank of India (RBI) has appointed S Ganesh Kumar as its new Executive Director (ED) post the voluntary retirement of Chandan Sinha. As...

Telangana IT dept reduces transaction charges on T-Wallet

For promoting cashless economy, Telangana's Information Technology Department has reduced the transactional charges levied on T-Wallet. This initiative was taken to make way for a...

POS machine shortage delaying DBT for fertiliser subsidy

Inadequate supply of Point of Sale (POs) machines is slugging down the central government's Direct Benefit Transfers (DBT) for fertiliser subsidy. The shortage is troubleshooting...

NPCI likely to ask banks not to levy fee on UPI...

In its efforts to promote cashless economy, National Payments Corporation of India (NPCI) is planning to direct banks not to levy any charge for...

ICICI Bank introduces ‘Money2India’ app for NRIs

In a bid to initiate easy money transfer for Non Resident Indian (NRI) customers, ICICI Banks has launched a new mobile application  ‘Money2India’. According to...

Indian Railways to introduce e-tendering under Digital India drive

In its efforts to promote digital payments, Indian railways will soon launch its redesigned e-tendering system with better user-friendly new features for over 60,000...

Digital payments jump by 57% in FY17

Indicating an acceptance towards a cashless society, digital payments have reported an increase of 57% year-on-year in the last fiscal. Mobile wallets increased to 1.1...

ITC’s rural hypermarket records 13% rise in digital transactions

In a bid to promote digital payments, ITC Ltd. has initiated e-payment solutions across its rural hypermarket chain. The brand is offering a discount of...

Poll