Debit card
National Common Mobility Card – Update (December, 2020)
On December 28, 2020, PM Modi launched the National common Mobility Card. The National Common Mobility Card will allow passengers with RuPay debit card to be swiped for Metro level. Key Features of National Common Mobility Card The National Common ..
Month: Current Affairs - December, 2020
India’s First Online Waste Exchange Portal launched in Chennai
The Greater Chennai Corporation under the Smart City Mission has launched the first online waste exchange portal in the country, under which buyers and sellers of different kinds of waste will be connected. The first-of-its-kind online portal will allow the ..
To promote Digital Payment, SBI plans to eliminate Debit Cards
To provide a flip to the government’s vision to increase digital payments in India, the largest bank in India, the State Bank of India (SBI) plans to eliminate plastic debit cards. What is happening? As per the chairman of SBI, ..
RBI constitutes high-level committee to review ATM charges
The Reserve Bank of India (RBI) has constituted a high-level committee under the chairmanship of VG Kannan, Chief Executive of Indian Banks’ Association (IBA) to review the entire gamut of ATM charges and fees. Key Highlights Background: There are around 2 ..
Month: Current Affairs - June, 2019
Paytm which is a Noida-based e-commerce payment system and digital wallet company has launched an option of recurring payments for its merchants to enable recurring payments. It has also started its own subscription business at an annual fee of Rs ..
Kotak Bank unveils Debit Card-Based e-mandate On NPCI’s API Platform
Kotak Mahindra Bank has unveiled the first debit card-based authentication solution on National Payments Corporation of India’s e-Mandate API (Application Program Interface) platform. Kotak Mahindra Bank has become the first ever Destination Bank to go live with both Net Banking ..
Kotak Mahindra Bank becomes first Destination Bank to launch debit card-based e-mandate on NPCI’s API platform
The Kotak Mahindra Bank (KMB) has become the first Destination Bank to go live with Net Banking and Debit Card-based authentication solution on NPCI’s e-Mandate API platform. The facility will enable its customers to create electronic mandates (similar to the ..
ETMONEY becomes India’s first financial services app to integrate UPI
ETMONEY, India’s largest app for financial services has integrated UPI (Unified Payment Interface) as a payment method on its platform as it looks to double its monthly user base by the end of the year. The integration of UPI will ..