Page-2 of Interbank networks

The Union government engages ICICI to enable cashless payments on e-NAM

The Union government has engaged private lender ICICI Bank to enable online payments at 470 mandis integrated with national portal of electronic National Agriculture Market (e-NAM). At present, e-NAM participants are doing payments through traditional ways via bank branches, debit ..

Tata Power becomes first power utility to introduce a QR code based bill payments system in India

Tata Power has become the first power utility to introduce a QR code based bill payments system in India. The QR code linked to Unified Payments Interface (UPI) will be printed on the electricity bills. The customers can scan the ..

Govt to launch Lucky Grahak Yojana, Digi-Dhan Vyapar Yojana

The government will launch Lucky Grahak Yojana for Consumers and Digi-Dhan Vyapar Yojana for Merchants to encourage people to move towards digital transactions by offering incentives. The government wants both consumers and merchants to shift to digital payment methods. Under ..

FM asks banks to push for cashless transactions

Finance Minister Arun Jaitley has asked banks to push for cashless transactions by promoting digital banking in mission mode. Post demonetisation, the government not only aims to weed out black money but also encourages digital payments to steer the Indian ..

RuPay cards will be acceptable at all PoS by January, 2013: NPCI

As per National Payment Corporation of India (NPCI), RuPay cards will be acceptable at all PoS (Point of Sales) terminals in the country from January, 2013. What are RuPay cards? RuPay card is a domestic debic card, launched by NPCI ..

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National Financial Switch

With a view to inter-connect the ATMs in the country and facilitate easy banking for the common man, the Institute of Development and Research in Banking Technology (IDRBT), Hyderabad conceptualized, developed and implemented the National Financial Switch. The National Financial ..

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