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Jan 10, 2019
Tokenisation of card payments can simplify and secure financial transactions, services for merchants, consumersTokenisation is a process aimed at increasing the security and safety of payment systems by replacing the card details with a unique alternate payment ID or code termed as a ‘token'.
Nov 13, 2018
RuPay, UPI to soon overtake global competitors like Visa, Mastercard: ReportUPI, RuPay reportedly accounted for 65.2 percent of all debit and credit card transactions as on 31 August 2018.
Nov 02, 2018
Mastercard lodged protest in US in June over Narendra Modi's promotion of homegrown card network RuPayMore than half of India’s 1 billion debit and credit cards now go through the RuPay payment system
Sep 16, 2018
Over 20 lakh people join modified Jan Dhan Yojana, takes total number of account holders to 32.61 croreAs many as 20 lakh people have joined the modified Pradhan Mantri Jan Dhan Yojana (PMJDY).
Aug 14, 2018
Pune based-Cosmos Bank's server hacked; Rs 94 cr siphoned off in two daysThe fraudulent transactions were carried out on 11 August and 13 August through 25 ATMs located in Canada, Hong Kong and a few in India.
Jul 30, 2018
India plans to ask e-commerce, social media firms to store customer data locallyE-commerce policy is mandating that RuPay be included as a payment option for online transactions.
Jun 15, 2018
Narendra Modi calls Digital India initiative a war against touts; says it helped fight black money, created employmentPrime Minister Narendra Modi on Friday said his pet Digital India initiative is a war against touts and middlemen
Jun 01, 2018
Narendra Modi in Singapore: Aadhaar, FDI, maritime security emerge as common points as PM meets Lee Hsien LoongPrime Minister Narendra Modi on Friday met his Singaporean counterpart Lee Hsien Loong to discuss bilateral ties. Modi, who arrived in Singapore on Thursday on a three-day visit, also called on Singapore President Halimah Yacob to discuss ways to strengthen maritime relations, trade policy and the exchange of technology between the two ASEAN nations.
May 30, 2018
India is determined to compel global payment firms to store customer data in the country: ReportThe RBI in April said the payment ecosystem in India had “expanded considerably”, making it necessary to ensure “the safety and security” of data.
May 29, 2018
India stands firm on directive, forcing US payment companies to store data locally: ReportThe payment companies are worried India’s data on shoring move could set a precedent and nudge other major governments to implement similar rules at a time when there is heightened scrutiny on how companies globally handle their customers’ data.