Money Transfer News
Want to transfer money using WhatsApp Payments? Check step-by-step process here
WhatsApp has now made it simpler for users to send and receive money from friends, family, and anybody they know by combining messaging and payments on one platform.
MoneyGram partners with Federal Bank; tie-up aims to expand account deposit capabilities for millions
Federal Bank enjoys a market share of more than 15 percent of the remittance market in India, and the tie-up with MoneyGram is expected to provide a further boost to this business.
RBI proposes to allow fintech start-ups to test regulatory sandbox in retail payments, AI, data analytics
The target applicants for entry to the RS are fintech firms which meet the eligibility conditions prescribed for start-ups by the government
Narendra Modi to launch India Post Payments Bank on 1 September; to leverage reach of 1.55 lakh post office branches
The payment bank will be used by the government to distribute NREGA wages, subsidies, pension etc
WhatsApp Payments ‘Request Money’ feature goes live for limited Android beta users
The new WhatsApp Payments ‘Request Money’ feature only works with UPI ID and using QR codes.
SBI changes names, IFSC codes of around 1,300 branches across major cities
Post the merger of its five associates, State Bank of India has changed names and IFSC codes of nearly 1,300 of its branches.
Airtel launches payments bank: All you need to know about the paper-less bank
Becoming the first payments bank to go live in the country, the mobile service company said Airtel Payments bank will be offering banking services on a pilot basis in Rajasthan
Demonetisation: Where is the money sent by NRIs? Sitting pretty in foreign exchange
These exchange houses should be compelled to disburse it since they charge a service fee. If they cannot then they should not, by common sense, accept money at the foreign end.
Itz Cash's MD explains why payment bank licence will be a game changer for his co
"We can help our customers in other banking services, such as domestic, international money transfers, provide third-party financial services products, cash withdrawals, etc."
Banking now just a tweet away: French bank, Twitter team up for money transfers
Payment by tweets will be managed via the bank's S-Money service, which allows money transfers via text message
Direct to bank: Western Union-Kotak's new direct money transfer service
Kotak Mahindra Bank, along with Western Union payment services, today launched domestic money transfer service. As per the arrangement, Western Union will function as the bank's business correspondent.
New Technology Makes Cell Phone Payments Foolproof
The new technology enables anyone to easily create a secure connection between two devices, which further enables transfer of money.