Mobile Banking

RBI's new rules for debit and credit cards; move aimed at improving convenience, security of transactions

RBI has directed banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance of the card. For international transactions, online transactions, card-not-present transactions and contactless transactions, customers will have to separately set up services on their card, the RBI said.

Budget 2020: Govt should revisit spectrum charges, other levies; offer amnesty schemes to telecom firms to enable 5G launch

Some incumbent players have begun reconsidering their future investment plans for 5G and national broadband, which are slated to form the fulcrum of the government’s ambitious Digital Communications Policy.

After NEFT, RTGS, SBI waives charges on IMPS transactions through internet and mobile banking from 1 August

State Bank of India (SBI) has waived charges on NEFT and RTGS transactions through the internet and mobile banking from 1 July, after the RBI decided to do away with the charges with an aim to move the country towards a less-cash economy

Paytm Payments Bank posts profit of Rs 19 cr in FY'19; turns profitable in second year of operation

Paytm Payments Bank Limited (PPB) on Thursday said it has turned profitable within its second year of operation, reporting a profit of Rs 19 crore for the financial year 2018-2019

Basic income scheme is more efficient way of delivering welfare to poor: Do BJP and Congress have resolve to implement it?

Even if the BJP comes up with a counter scheme, it is not likely to be universal; forget the financing part, it is just not good political optics.

HDFC Bank's new Next-Gen mobile banking app down for the fourth consecutive day

HDFC hasn't yet confirmed when the app will be back up which is a cause of concern for its users.

India Post Payments Bank app: Here's how to download and set up an account

The India Post Payment Bank app was launched as part of the IPPB unveiling on Saturday.

Cash crunch: Cashless economy is still far away; govt hasn't done enough to push digital transactions

The steps thus far taken by the government are few and unsubstantial like 0.75 percent cash back on card payments in petrol bunks, waiver of user charges for online booking of rail tickets, etc.

Axis Bank to process payments over WhatsApp in two month's time; over 66% transactions made digitally

Axis Bank is working with Google, WhatsApp, Uber, Ola and Samsung pay to be able to create the ecosystem for customers to be able to make payments

Mobile banking to overtake internet banking as half of the digital transactions are happening on mobile, says ICICI

According to B. Madhivanan, around half of the digital transactions of savings account are taking place on mobile banking.