Electronic Payments

Technology Is Key To Achieving Robust Payments Infrastructure: RBI

RBI has highlighted the scope of achieving a robust payment and settlement infrastructure through technological tools.

ECS, Corporation Bank Team To Process LIC Credit Cards

ECS will handle complete processing of the credit cards right from applications, card and accounts, transactions, billing, statements, payments, dispute resolution, and general ledger.

Promoting electronic transactions: NITI Aayog asks NPCI to incentivise digital payment makers

NITI Aayog has requested National Payments Corporation of India to conceptualise and launch a new scheme to incentivise digital payments. NPCI is a not for profit company which is charged with a responsibility of guiding India towards being a cashless society.

India evolving into smart entrepreneur economy: Payoneer CEO Scott Galit

CEO Scott Galit says Payoneer can definitely tap into the opportunity that the new and surging entrepreneur economy in India brings and shares some advice for e-commerce businesses in India that are new to the global marketplace.

E-commerce market to account for 2.5% of India's GDP by 2030, says Goldman Sachs report

The e-commerce market will account for 2.5 percent of the India's GDP by 2030, growing 15 times and reaching $300 billion, a report said on Wednesday. The current market size of e-commerce is $20 billion.

Budget 2015: Eliminate physical cash, says TechProcess CFO

The Govt must introduce rules to deem cash transactions above certain value illegal; charge a fee on large cash withdrawals with additional scrutiny; and announce tax rebate for businesses accepting electronic payments.

Rethinking Card And Payments Processing

To reduce costs, increase flexibility and create a consistent platform, financial services organisations need to modernise their infrastructure and applications. The question is: How?