Payment Banks

It seems Paytm will actually race ahead all others to become India’s first Payments Bank. Founder Vijay Shekhar Sharma has categorically stated that their Payments Bank would be launched before November. As per unconfirmed reports,…

When RBI approved payments bank licenses for 11 entities last August, it was widely hailed as the arrival of new and agile era of banking. However, since then, the euphoria seems to have given way to pessimism – so much so, that 3…

Paytm, India’s leading mobile commerce company and one of entities to get payments Bank license, today announced it’s partnership with IT services major Wipro. The company has been assigned to develop core banking solution for their…

The race for launching India’s first payments bank has been won by a joint venture between Airtel and Kotak Mahindra Bank. Reserve Bank of India (RBI) allocated the license to Bharti Airtel-Kotak JV yesterday; and this means that Paytm…

In September, 2015, Paytm founder Vijay Shekhar Sharma had thundered that they will launch India’s first payments bank. It was earlier planned that they will launch this first of its kind bank in March, 2016, which has been postponed as…

If the Governance under Atal Bihari Vajpayee is remembered for laying foundation of massive infrastructural projects, mainly in terms of highways; then the current PM Modi led Government would be remembered for laying foundation of…

Gone are the days of making payments by going to banks or writing cheques or even using plastic cards. Most Urban Indians have started to utilize the power of Digital payments, which are instant, easy and can be made anytime any where.…

Paytm, India’s largest mobile payment and commerce platform, announced launch of Virtual prepaid cards for consumers in partnership with ICICI Bank. The prepaid card will be a co-branded card and will be linked to user’s paytm wallet.…

According to a report, Swiss watchmaking company Swatch has partnered with the payment gateway solution giant Visa to develop a watch which can double up as a handy wallet to make payments. This comes as a great news considering…

Ever since cash-less transactions was introduced, the payment gateway eco-system has been dominated by only two companies: Visa and Mastercard. Due to various technical and operational reasons, no other company ever came close to…