RBI to regulate entire activities of Payment Aggregators

The Reserve Bank of India recently announced that it will regulate the entire activities of Payment Aggregators (PAs). Payment Aggregators enable the e-commerce sites and merchants to accept various payment instruments from the customers. As per the guidelines on regulation ..

Google joins hands with Union Government for ‘Digital Payment Abhiyan’

Nasscom’s Data Security Council of India (DSCI) has recently collaborated with the Ministry of Electronics and Information Technology (MeitY) and Google India to launch a nationwide awareness campaign ‘Digital Payment Abhiyan’. The campaign will educate end-users on the benefits of ..

NEFT to be available 24X7

The Reserve Bank of India has announced that the National Electronic Funds Transfer (NEFT) facility will be available round-the-clock basis from December 2019. At present NEFT payment system operated by the Reserve Bank as a retail payment system is available ..

Delhi police launches new e-challan system for use of Traffic Police

Delhi Police Commissioner Amulya Patnaik has recently launched the new e-challan system and the e-payment gateway for the use of Delhi Traffic Police. The E-challan devices are enabled with active GPS where the challaning officer and the violator, both can ..

RBI releases ‘Payment and Settlement Systems in India: Vision 2019 – 2021’

The Reserve Bank of India (RBI) has released a vision document – Payment and Settlement Systems in India: Vision 2019 – 2021 – with its core theme of ‘Empowering Exceptional E-payment Experience’, for ensuring a safe, secure, convenient, quick and ..

Google Pay ties up with MMTC-PAMP India to launch gold buying feature

To make Google Pay more useful for Indian customers, Google has partnered with MMTC-PAMP India to introduce buying and selling of gold through the app. Through this partnership with India’s only London Bullion Market Association (LBMA)-accredited gold refinery, Google Pay ..