Page-2 of Mobile payments Current Affairs, GK & News
India Post Payments Bank (IPPB) ties up with FSS to create payments network for unorganized retail
The India Post Payments Bank (IPPB) has partnered with Financial Software and Systems (FSS) to create payments network for unorganized retail. FSS is a payments technology company that enables micro-merchants to accept payments online, or via Unified Payments Interface (UPI), Quick-Response (QR) codes, Aadhaar and IPPB accounts. FSS will also provide merchant management and settlement ..
Topics: Aadhaar • Banking • Banking in India • Economy of India • Financial services • India Post • India Post Payments Bank • Interbank networks • Mobile payments • Mobile payments in India • Payments bank • Unified Payments Interface
Samsung ties up with Axis bank to offer ‘Bill Payments’ on Samsung Pay
Smartphone manufacturer Samsung has recently launched its ‘Bill Payments’ on its flagship payments service “Samsung Pay” in partnership with Axis Bank. The new feature launched by the company will enable users to pay their utility bills seamlessly via Samsung Pay’s secure and convenient platform. With the introduction of ‘Bill Payments’, consumers will be able to ..
Topics: Companies • Economy • LG Pay • Mi-Pay • Mobile payments • Samsung • Samsung Electronics • Samsung Pay • Smartphone • Technology
The Union government to bear MDR charges to promote digital transactions
To promote digital transactions, the union cabinet has recently decided to bear the Merchant Discount Rate (MDR) applicable on digital payments via debit cards, etc., up to Rs 2,000. The MDR applicable on transactions made through debit cards, the Unified Payments Interface (UPI) and Aadhaar-Enabled Payments System (AEPS) up to and including a value of ..
Topics: Banking in India • Debit card • Economy • Finance • Interbank networks • Merchant account • Mobile payments • Mobile payments in India • Money • National Payments Corporation of India • Payment systems • Unified Payments Interface
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 cards and net banking. Now, ICICI Bank will enable BHIM (Bharat Interface for Money) and ..
Topics: Banking in India • BHIM • E-agriculture • e-NAM • Economy • Economy of India • ICICI Bank • Interbank networks • Mobile payments • Mobile payments in India • Unified Payments Interface
Umag app launched by Prime Minister Narendra Modi for government services
Prime Minister Narendra Modi has launched Umang mobile application, an integrated platform for government to citizen services, on November 23, 2017. The acronym of Umang stands for ” Unified Mobile Application for New-age Governance”, which has been developed by the Ministry of Electronics and Information Technology (MEITY). Currently, the app will host around 162 services ..
Topics: Aadhaar • Cashless society • DigiLocker • E-government • Economy • Electronic funds transfer • Government of India • Ministry of Communications and Information Technology • Mobile payments • Online payments • Payment systems • UMANG