Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to […]
Category: Fintech
Ujjivan Small Finance Bank launches app to ease banking access for ‘digitally challenged’
Ujjivan Small Finance Bank on Wednesday launched ‘Hello Ujjivan’, a mobile banking application with three Vs – voice, visual, and vernacular-enabled features – to provide […]
PayU’s LazyPay, Kissht blocked after IT Ministry’s order
Digital lending platforms LazyPay and Kissht were impacted by the Ministry of Electronics and Information Technology’s (MeitY) latest move banning 94 mobile apps with links […]
Digital economy push offers hope for multiple players: Mastercard
India’s push towards expanding the digital economy offers room for multiple players to grow in the payments ecosystem, said Michael Froman, vice chairman and president, […]
Paytm Payments Bank gets final RBI nod to operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank on Monday said it has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating […]
Indian Bank expands digital offerings under ‘Project WAVE’ initiative
Public sector Indian Bank has stepped up its offerings on its digital transformation initiative ‘Project WAVE’ with the launch of Kisan Credit Card loans to […]
Cabinet approves promotional incentives worth Rs 2,600 crore for Rupay debit cards, low value UPI transactions
The Union Cabinet on Wednesday approved promotional incentives for Rupay debit cards and low-value transactions of BHIM (UPI). Incentives worth Rs 2,600 crore have been […]
Reserve Bank of India puts on hold NUE licensing
The Reserve Bank of India (RBI) is said to have put on hold licensing of the New Umbrella Entity (NUE) network, a fintech institution planned […]
Fresh KYC process can be done through video, says RBI
The Reserve Bank of India has released fresh guidelines for the know your customer (KYC) processes that allow for them to completed remotely. “Fresh KYC […]
PSBs to set up joint digital platform to connect with fintech companies
Public sector lenders including the State Bank of India will jointly set up a unified cloud-based digital platform to connect with fintech companies and source […]