Payments Bank

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Payments Bank - Total results - 36
Vodafone Idea to close m-pesa business, writes off Rs 210 cr for payments bank closure
Business

Vodafone Idea to close m-pesa business, writes off Rs 210 cr for payments bank closure

Vodafone Idea Ltd has decided to close m-pesa vertical following the closure of Aditya Birla Idea Payments Bank Ltd (ABIPBL), in which it was being merged with, a top official said on Monday

Paytm chief sets sight on dominance in Japanese market before US foray; keeps mum on extortion case
Business

Paytm chief sets sight on dominance in Japanese market before US foray; keeps mum on extortion case

The Paytm founder said that dominance in Japan is very important. It's a market that we believe, is at an inflection point because people have done lot of trials but led with card (credit/debit).

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

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.

Reserve Bank of India orders Paytm Payments Bank to stop onboarding customers: Report
Business

Reserve Bank of India orders Paytm Payments Bank to stop onboarding customers: Report

Paytm was reportedly asked to remove Renu Satti as the chief executive of its payments bank, with the RBI raising objections about her ability to lead a banking services firm.

India Post Payments Bank to start operations soon with 650 branches, 17 cr accounts
Business

India Post Payments Bank to start operations soon with 650 branches, 17 cr accounts

The payments bank will gradually link all 1.55 lakh post offices in the country to offer the service.

US payment firms and Paytm tussle while lobbying for data storage rules: Report
News & Analysis

US payment firms and Paytm tussle while lobbying for data storage rules: Report

In the crowded digital payments market, there is a fierce competition between companies.

Flipkart-owned PhonePe digital wallet ties up with rival FreeCharge; lets customers link their existing wallets on both platforms
News & Analysis

Flipkart-owned PhonePe digital wallet ties up with rival FreeCharge; lets customers link their existing wallets on both platforms

According to the deal terms, PhonePe has now enabled its over 45 million users to link their existing FreeCharge wallets to the PhonePe app

Despite Centre's Aadhaar push, its benefits for poor are unclear and impact on PDS is not fully known, claims RBI report
India

Despite Centre's Aadhaar push, its benefits for poor are unclear and impact on PDS is not fully known, claims RBI report

The benefits of Aadhaar, India’s biometrics-based unique national identity system–the world’s largest–are unclear and the impact of direct benefit transfers it will be used to deliver to the poor is not studied enough, a new study published by an arm of the Reserve Bank of India (RBI) has concluded.

The future of the Indian banking industry after a decade of scrupulous control
Startup

The future of the Indian banking industry after a decade of scrupulous control

The Indian banking industry is opening up in a big way with the introduction of Payments Bank along with wallet operators entering the non-bank space.

Paytm launches special segment for movie shows with ticket prices below Rs. 100.
News & Analysis

Paytm launches special segment for movie shows with ticket prices below Rs. 100.

Paytm today announced that it has launched ‘Movies under Rs. 100’, a special segment for shows with ticket prices below Rs. 100.

Paytm launches niche payments bank offering 4% interest, to open 31 branches initially
Business

Paytm launches niche payments bank offering 4% interest, to open 31 branches initially

As many as 11 companies including Reliance Industries and India's top three telecom operators were in 2015 permitted by the Reserve Bank of India (RBI) to set up payments banks which can take deposits and remittances but cannot lend.

Everything you need to know about Paytm Payments Bank
News & Analysis

Everything you need to know about Paytm Payments Bank

Here are all the FAQs you may have about the new Paytm Payments Bank that was launched today in India.

Airtel, Ola form partnership to roll out integrated digital offerings for customers
Business

Airtel, Ola form partnership to roll out integrated digital offerings for customers

The partnership will also have Airtel and Ola build content solutions for the customers of Ola Play

Paytm plans to start payments bank by month-end
News & Analysis

Paytm plans to start payments bank by month-end

Banking in the present form is outdated said PayTm founder and CEO Vijay Shekhar Sharma.

Rs 50 minimum balance, no transaction fees: Can India Post be the answer to banks’ greed?
Business

Rs 50 minimum balance, no transaction fees: Can India Post be the answer to banks’ greed?

The prevailing situation in the sector offers a major opportunity for the postal department. It should quickly ramp up its infrastructure and set up a technology platform to take on the biggies

Finance minister Arun Jaitley and telecom minister Manoj Sinha launch India Post Payments Bank
News & Analysis

Finance minister Arun Jaitley and telecom minister Manoj Sinha launch India Post Payments Bank

India Post is the third entity that recently received the licence to start payment bank operations from RBI last week.

India's first payments bank, operated by Airtel, commences nationwide operations today
News & Analysis

India's first payments bank, operated by Airtel, commences nationwide operations today

Airtel has announced the launch of India’s first payments bank, which has commenced operations pan India today.

Aditya Birla Idea Payments Bank to launch in first half of 2017
Business

Aditya Birla Idea Payments Bank to launch in first half of 2017

Payments banks can accept deposits from individuals and small businesses up to a maximum of Rs 1 lakh per account.

India Post Payments Bank incorporated, to start ops in 2017
Business

India Post Payments Bank incorporated, to start ops in 2017

India Post Payments Bank has come into existence after it received certificate of incorporation from the Registrar of Companies, setting the stage for the new bank to begin operations in 2017.

RIL, SBI sign shareholder agreement for payments bank JV
Business

RIL, SBI sign shareholder agreement for payments bank JV

RIL and SBI, in February last, had entered into a non-binding memorandum of understanding to set out the principal terms