Aadhaar-enabled Payment System: How to avail banking services on NPCI platforms; all you need to know
Aadhaar-enabled Payment System (AePS) has crossed the milestone of over 200 million transactions during July this year
Paytm Payments Bank to offer risk-free insurance, mutual fund products by June; savings accounts touch 4.4 crore
Paytm Payments Bank was incorporated in August 2016 and formally began its operations in May 2017 from a branch in Noida.
Blockchain technology has the potential reduce costs of cross-border transactions for banks. However, it could put pressure on their fees and commissions
The Central Vigilance Commission (CVC) has stepped up its examination of suspicious banking transactions by government employees to check corruption.
Most of the banks have introduced charges on non-maintenance of minimum balance in accounts and for using banking-related facilities.
The favourable regulation, unique identification initiative, consumer readiness to accept technology, electronification of payments would augur well for the mobile money payment.