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Vodafone Will Launch its Payments Bank by March 2017; Launches M-Pesa Pay App for Merchants
In August last year, RBI approved licenses for technology companies to open a payments bank. A payment bank can only accept deposits, not lend any money. This does have profitability issues, but a few companies went ahead with the idea.…
Airtel Payments Bank Opens 100,000+ Accounts in Just 2 Weeks
Payments Bank is a very new phenomenon in India – but that has not stopped hoards of Indians to open their bank accounts, even though we only have one operator running a pilot in just one state.
Two weeks back, Airtel Payments bank…
11 Major Cashless Incentives Announced; Petrol, Railway Catering To Cost Cheaper With Digital…
Right after one month of the bold move to demonetize 86% of currency, Indian Govt. has announced a slew of incentives and discounts for encouraging cashless transactions.
Finance Minister Arun Jaitley arranged a press conference,…
Paytm Clarifies on Payments Bank Charges, Chinese Connection & More…
Ever since Paytm announced the transfer of all Paytm wallet users to their new Payments Bank, there has been a strong under-current of whispers and gossips regarding their ‘Chinese connection’.
On a general level, people are aware…
Cashless Push: All Govt. Transactions Above Rs 5000 Would Be Made Via e-Payments
The best way to set an example is by following it, and showing the world what it takes to implement an idea.
In one of the most strongest push for a cashless economy, Finance Ministry has ordered that all Govt. Departments will use…
Govt Convinces Visa, MasterCard, RuPay To Unite & Launch a Massive QR Code Based Payment…
By January, 2017, India will witness a massive financial collaboration never seen before. Three of the largest payment processing and payment card companies: Visa, MasterCard and RuPay will join their forces, and provide a unified…
RBI To Issue New Rs. 20 & Rs. 50 Currency Notes, But Existing Ones Valid; Here Are The Minor…
After the RBI and the Government of India announced demonetization, and complete irrelevance of the Rs. 500 and Rs. 1,000 notes in India, the organisation has announced an overhaul of smaller denomination notes as well.
Not…
Airtel Payments Bank Now Offers 1 Minute Talktime for Every Rupee Deposited in Bank!
RBI’s decision to grant Payment Bank licences to various business conglomerates and non-banking institutions may prove to be the one of the most pathbreaking decisions ever.
A decade earlier, which financial expert could have…
Now, Indian Railways too Going Fully Cashless for Ticket Reservations!
At a time when the government is encouraging every industry to transact digitally and ditch hard cash transactions, Indian Railways has now decided to go digital with ticket booking across its offline counters pan-India.
Indian…
Goa Is Going Cashless Effective December 31, 2016; Would Become India’s First Cashless State!
This is official now. And this is big.
Goa, the land of magical beaches and relaxed ambiance will be soon leading the cashless mission of India. Effective December 31, 2016, Goa would become India’s first cashless state.
This…
Banks Received Rs 5522 Cr Per Hour In Cash Deposits In Last 17 Days; Achieves 84% Of Target As Rs…
Reserve Bank of India informed the nation that ever since demonetization kicked in earlier this month, total of Rs 8.44 lakh crore has been received by various banks in the form of cash deposit and/or exchange. Out of this, Rs 33,948…
Why This Small Gujarati Village Is Not Affected By Demonetisation – 3 Live Examples Of A…
On the night of November 8th, 2016, PM Modi stunned and shocked entire nation, when he banned Rs 500 and Rs 1000 currency notes. Such sudden demonetisation move was executed primarily to curb the spread of black money, to induce a fear…
Demonetisation Will Trigger 4,00,000 Jobs Cuts, Wipe Out Rs 8 Lakh Cr From Real Estate!
Even after 18 days of currency ban, a lot of interesting developments are being reported from across the country. While some of them are catastrophic for employment, some are being hailed as revolutionary.
We bring to you a summary…
SBI Finally Launches UPI Powered SBI Pay App; Even Non-SBI Customers Can Register
State Bank of India, which is India’s largest bank having a customer base of 200 million and 5.2 million mobile banking customers, has finally launched their own UPI (Unified Payment Interface) based app: SBI Pay.
SBI has thus became…
Govt Waives off Service Charge Levied on Debit Cards to Push Cashless Transactions
Demonetization is taking a toll on the common man, and the worst affected is the labour class. However, for those that are able to afford digital wallets and cards are being favoured and encouraged to use these tools in transactions.…
Airtel Beats Paytm To Launch India’s First Payments Bank; Here Are Top 9 Features
Airtel has announced the pilot launch of their payments bank in Rajasthan, thereby beating Paytm in the race to launch India’s first such bank.
Thousands of Airtel outlets across Rajasthan has thus been converted into Airtel’s new…
7 Year Jail For Illegal Usage Of Bank Accounts; IT Dept Cracks Whip On Deposits Above Rs 2.5 Lakh
The surgical strike against black money continues with full force, as banks are now overflowing with deposited money, even as black money hoarders are discovering new ways to convert their wealth into white.
In order to stop the…
Bill Gates, Sachin Bansal, Umang Bedi Hail #CurrencyBan As A Masterstroke; Petrol Pumps Allowed To…
#CurrencyBan has divided the country into two parts: On one side are those who are going ga-ga over the masterstroke by PM Modi, while on the other side are those are complaining about the mismanagement and long queues outside ATMs and…
Supreme Court Refuses To Stop #CurrencyBan; Meanwhile, Black Money Hoarders Are Using These 5 Tricks…
Last week, we had reported that Supreme Court has decided to hear a PIL against Govt. of India’s decision to abruptly ban Rs 500, Rs 1000 currency notes.
Yesterday, while hearing the PIL, Supreme Court refused to stop this massive…
Govt All Set To Install Micro-ATMs Across The Country For Quick Cash; More Rs 2000 Notes Coming In…
Lack of cash due to currency ban is hitting the common man hard; we can already see long queues outside bank branches, fighting breaking out among cash-strapped citizens, who are waiting for hours to get Rs 100 notes for their day to…