Electronic Payment Systems
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Amazon Great Indian Festival: Top Smartphone Offers During the Sale You Shouldn’t Miss
Amazon Great Indian Festival 2024 kicked off in India on September 27, offering exciting deals to all users. Shoppers can find a wide range of electronics, from personal gadgets to home entertainment systems and large appliances, at attractive discounted prices. Additionally, many products can be purchased at even lower effective prices thanks to e...
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FASTag KYC Deadline Could Be Extended Beyond February 29: Report
FASTag KYC Update: FASTag is an electronic toll collection system in India, operated by the NHAI. It employs RFID technology for making toll payments directly from the prepaid or savings account linked to it or directly toll owner.
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SBI Introduces UPI Interoperability With eRupee CBDC for Seamless Transactions
The State Bank of India (SBI) announced it has implemented Unified Payments Interface (UPI) interoperability in Digital Rupee, also called as Central Bank Digital Currency (CBDC).
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Aadhaar Holders Carried Out 2.31 Billion Authentication Transactions in March
Aadhaar holders have carried out nearly 2.31 billion authentication transactions in the month of March 2023, indicative of the growing usage of Aadhaar and the growth of the digital economy in the country. A majority of the authentication transactions were carried out by using biometric fingerprints during the month, followed by others.
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RBI Seeks Public Opinion on Fees, Charges in Payments Systems: All Details
The Reserve Bank of India (RBI) is seeking public opinion on fees and charges on payment systems including Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time Gross Settlement (RTGS) system, Unified Payments Interface (UPI), and debit and credit cards. The central bank wants to make such transactions afford...
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NPCI, Paytm Debunk FASTag Scam Videos, Issue Statement to Explain Deduction Process
Paytm, NPCI have responded to the FASTag scam video making rounds on social media, calling it fake. While Paytm discussed only the child video in its rebuttal, NPCI discussed the larger issue of videos making fake claims.
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Cryptocurrencies Present Risk to US Financial System, Will Require New Regulations: Federal Reserve Chair
US Federal Reserve Chair Jerome Powell said new forms of digital money such as cryptocurrencies and stablecoins present risks to the US financial system and will require new rules to protect consumers.
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Ransomware Attack Encrypts South Africa’s Department of Justice, System Still Being Restored
South Africa's department of justice faced a massive ransomware attack earlier this month and it is reportedly still trying to restore its operations back to normal. The attack took place on September 6, 2021, when ransomware encrypted all the information systems provided by the department. This made all electronic services — including email and ...
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RTGS Payment Facility To Start On 24X7 Basis From Monday
The RTGS system is meant for high-value transactions, on a real-time basis; the minimum amount that can be remitted through RTGS is Rs 2 lakh and there is no maximum limit
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RTGS Payment System To Be Available On 24X7 Basis Soon
RTGS, which is meant for high-value instant fund transfers, is currently available on all working days of the week except the second and fourth Saturdays, between 7.00 am to 6.00 pm
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Brazil Launches Pix Instant Payments System, Whatsapp to Enter Soon
Brazil's central bank on Monday launched an instant payments platform that will speed up and simplify transactions, as well as foster financial sector competition and lure in new players such as big techs Facebook and Google.
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Google Pay Launches UPI Recharge Option for FASTag Users
Google Pay on Monday announced that it has added a new Unified Payments Interface (UPI) feature that will let them link FASTag accounts to the Google Pay app and recharge and track their payments.
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RBI To Provide Liquidity Facility To Make NEFT System 24x7
The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of National Electronic Funds Transfer (NEFT) payment system on a round-the-clock basis from December 16, the central bank said.
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Real-Time Gross Settlement (RTGS) Payments Are Now Available For 90 More Minutes
Public sector lender State Bank of India, and its private sector peers ICICI Bank and HDFC Bank, among several other financial institutions, are members of payments systems RTGS and National Electronic Funds Transfer (NEFT). There are more than 1.1 lakh RTGS-enabled bank branches, according to the RBI website.
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PM Modi Launches BHIM, RuPay, and SBI Apps in Singapore
India's RuPay digital payments system was linked up with Singapore's 33-year old Network for Electronic Transfers (NETS).
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Amazon Great Indian Festival: Top Smartphone Offers During the Sale You Shouldn’t Miss
Amazon Great Indian Festival 2024 kicked off in India on September 27, offering exciting deals to all users. Shoppers can find a wide range of electronics, from personal gadgets to home entertainment systems and large appliances, at attractive discounted prices. Additionally, many products can be purchased at even lower effective prices thanks to e...
-
FASTag KYC Deadline Could Be Extended Beyond February 29: Report
FASTag KYC Update: FASTag is an electronic toll collection system in India, operated by the NHAI. It employs RFID technology for making toll payments directly from the prepaid or savings account linked to it or directly toll owner.
-
SBI Introduces UPI Interoperability With eRupee CBDC for Seamless Transactions
The State Bank of India (SBI) announced it has implemented Unified Payments Interface (UPI) interoperability in Digital Rupee, also called as Central Bank Digital Currency (CBDC).
-
Aadhaar Holders Carried Out 2.31 Billion Authentication Transactions in March
Aadhaar holders have carried out nearly 2.31 billion authentication transactions in the month of March 2023, indicative of the growing usage of Aadhaar and the growth of the digital economy in the country. A majority of the authentication transactions were carried out by using biometric fingerprints during the month, followed by others.
-
RBI Seeks Public Opinion on Fees, Charges in Payments Systems: All Details
The Reserve Bank of India (RBI) is seeking public opinion on fees and charges on payment systems including Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time Gross Settlement (RTGS) system, Unified Payments Interface (UPI), and debit and credit cards. The central bank wants to make such transactions afford...
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NPCI, Paytm Debunk FASTag Scam Videos, Issue Statement to Explain Deduction Process
Paytm, NPCI have responded to the FASTag scam video making rounds on social media, calling it fake. While Paytm discussed only the child video in its rebuttal, NPCI discussed the larger issue of videos making fake claims.
-
Cryptocurrencies Present Risk to US Financial System, Will Require New Regulations: Federal Reserve Chair
US Federal Reserve Chair Jerome Powell said new forms of digital money such as cryptocurrencies and stablecoins present risks to the US financial system and will require new rules to protect consumers.
-
Ransomware Attack Encrypts South Africa’s Department of Justice, System Still Being Restored
South Africa's department of justice faced a massive ransomware attack earlier this month and it is reportedly still trying to restore its operations back to normal. The attack took place on September 6, 2021, when ransomware encrypted all the information systems provided by the department. This made all electronic services — including email and ...
-
RTGS Payment Facility To Start On 24X7 Basis From Monday
The RTGS system is meant for high-value transactions, on a real-time basis; the minimum amount that can be remitted through RTGS is Rs 2 lakh and there is no maximum limit
-
RTGS Payment System To Be Available On 24X7 Basis Soon
RTGS, which is meant for high-value instant fund transfers, is currently available on all working days of the week except the second and fourth Saturdays, between 7.00 am to 6.00 pm
-
Brazil Launches Pix Instant Payments System, Whatsapp to Enter Soon
Brazil's central bank on Monday launched an instant payments platform that will speed up and simplify transactions, as well as foster financial sector competition and lure in new players such as big techs Facebook and Google.
-
Google Pay Launches UPI Recharge Option for FASTag Users
Google Pay on Monday announced that it has added a new Unified Payments Interface (UPI) feature that will let them link FASTag accounts to the Google Pay app and recharge and track their payments.
-
RBI To Provide Liquidity Facility To Make NEFT System 24x7
The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of National Electronic Funds Transfer (NEFT) payment system on a round-the-clock basis from December 16, the central bank said.
-
Real-Time Gross Settlement (RTGS) Payments Are Now Available For 90 More Minutes
Public sector lender State Bank of India, and its private sector peers ICICI Bank and HDFC Bank, among several other financial institutions, are members of payments systems RTGS and National Electronic Funds Transfer (NEFT). There are more than 1.1 lakh RTGS-enabled bank branches, according to the RBI website.
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PM Modi Launches BHIM, RuPay, and SBI Apps in Singapore
India's RuPay digital payments system was linked up with Singapore's 33-year old Network for Electronic Transfers (NETS).
