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
The new WhatsApp Payments ‘Request Money’ feature only works with UPI ID and using QR codes.
Post the merger of its five associates, State Bank of India has changed names and IFSC codes of nearly 1,300 of its branches.
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
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.
"We can help our customers in other banking services, such as domestic, international money transfers, provide third-party financial services products, cash withdrawals, etc."
Payment by tweets will be managed via the bank's S-Money service, which allows money transfers via text message
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.
The new technology enables anyone to easily create a secure connection between two devices, which further enables transfer of money.