Page-2 of Payment systems Current Affairs, GK & News
The Reserve Bank of India (RBI) report “Benchmarking India s Payment Systems” provides a comparison of the payment ecosystem in India with the payment systems and usage trends in other major countries. Findings of the Report Even though there was robust growth in the volume of retail electronic transactions amid a strong regulatory framework, India ..
German payments company Wirecard has teamed up with India to simplify the process of issuing tax identity cards required to open bank accounts, transfer money or complete business transactions. The deal, with state company UTI Infrastructure Technology and Financial Services, seeks to widen the distribution of so-called PAN cards in the country of 1.3 billion ..
PayPal India has launched its OneTouch experience in India by using Google Smart Lock. This feature will permit Indian consumers to register their android device with PayPal and stay logged into PayPal for further PayPal purchases on that device, thus removing the issue of repeated log-ins and enabling a seamless payments experience. It will provide ..
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 750 where consumers pay at regular intervals. Consumers can opt for recurring payments from Paytm ..
Topics: Credit card • Debit card • Digital wallet • E-commerce • E-commerce payment system • Economy • Financial services • Mobile payments in India • Money • Online payments • Payment systems • Paytm
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 and Debit Card-based e-mandate authentication. The motive behind this is to allow Kotak customers to ..
Topics: Banking • Banking in India • CNX Nifty • Debit card • Economy • Financial services • Kotak • Kotak Mahindra Bank • National Payments Corporation of India • Payment and settlement systems in India • Payment systems