Mon, Jun 24, 2024
International payments for exporters largely rely on International Bank Transfers, with SWIFT being one of the primary modes. However, these transactions come at a significant cost, as per RBI reports, with approximately $13 spent on SWIFT charges for every $200 remitted.
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Mon, Jun 03, 2024
In the retail segment, the ONDC hit a new peak of 5 million orders in May, up from 3.59 million in April.
Thu, May 30, 2024
PhonePe users now have access to a diverse range of lending options including mutual fund loans, gold loans, bike loans, car loans, home loans/loans against property, and education loans, according to a recent statement released by the company.
Tue, Nov 01, 2022
While the Aadhaar card-enabled AePS, which facilitates easy, quick and safe banking transactions, increased to 11.77 crore in October compared to 10.27 crore in previous month.
About 63 per cent will purchase in-app/in-browser gift vouchers, 55 per cent would buy insurance and investment products in the next 12 months, the report mentioned.
Wed, Oct 05, 2022
RuPay credit card has been operational for the last four years, and all major banks are enabled and are issuing incremental cards for both commercial and retail segments.
Thu, Jul 28, 2022
The Reserve Bank had announced the construction of a composite Reserve Bank of India-Digital Payments Index (RBI-DPI) in March 2018 as a base to capture the extent of digitisation of payments across the country.
Fri, Apr 05, 2019
For some payment systems, RBI have issued guidelines prescribing compensation to be paid to customers for a delay in resolving transactions.
Sun, Jan 13, 2019
A new cause of worry has come up for debit and credit card users. Banks are now issuing contactless credit, debit cards that do not require a PIN for shopping up to Rs 2,000. The payment is made only when the card is taken near the machine.
Mon, Oct 22, 2018
Deputy Police Commissioner Jaydeepsinh Jadeja said that, based on the complaint by Pravesh Nike, a case had been registered against Amit and Ajay Bharadwaj from Delhi and Hemant Bhopena from Pune.
Sun, Aug 20, 2017
Minister for electronics and information technology Ravi Shankar Prasad said, there were around Rs12,000 crore worth of digital transactions every year and the number of fraudulent transactions among these was low.
Sat, Jul 08, 2017
To make customers feel safe about carrying out various electronic banking transactions, the RBI has come up with rules that will be needed to followed by both banks and customers.
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