Cashless Payments

Most of the banking systems in developed and developing countries do not place any cap on ATM withdrawals - customers can withdraw money from ATMs as many times as they wish. But in India, banking rules are different. Even if you are…

It has happened several times, but there has been no clear cut guidelines regarding the anomalies. Assume this: You are making an online recharge for your Airtel number using a mobile app like Paytm or Freecharge. On the app or the…

International trade finance and remittance is a complex banking operation, which is dependent on lengthy paper trail and manual forex currency conversions, which sometimes takes days to execute. In order to make the process simpler…

Capgemini, a global leader in consulting, technology and outsourcing, in association with it’s banking partner BNP Paribas published it’s 12th edition of “WORLD PAYMENTS REPORT”. The report brings out some very interesting findings…

Imagine you have ordered a product online, and opted for cash on delivery service. The courier guy arrives with the package, and after you have checked the product, you fire your new UPI (Unified Payment Interface) app, insert the…

In yet another boost to the practice of cashless payments across the country, Government of India has decided to absorb every type of transaction fee incurred while making an online payment to the Govt. This decision will greatly…

The payment solutions company, Paytm, has been disrupting the digital wallet space with offline models, payment bank and free WiFi proposition. Not satisfied with the requirement of internet for payments, Paytm is delving deeper into…

Sound wave technology for payments is slowly gaining traction and we have already seen Paytm, ToneTag and Tech Mahindra’s MoboMoney adopting it. This technology is extremely useful for phones that do not support near field…

The introduction of mobile wallets in India is changing several things at the same time; and such is the magnitude of their expanse, that banks are now threatened by their growth. In order to counter their reach and popularity, banks…

FreeCharge users would now be able to send and receive money via WhatsApp, the instant messaging platform used by over billion users across the globe. We had earlier reported that Facebook has launched a similar money transfer…