Tag: Digital Payments
Payment Solutions and the Future of Open Commerce: Building the Digital Bridge Between Kirana Stores and India’s New Retail Economy
Key TakeawaysOpen commerce and payment solutions are building the digital bridge between kirana stores and India's new retail economy.The Open Network for Digital Commerce...
Banks to compensate customers up to Rs 25,000 for losses fraudulent transactions
Key TakeawaysThe RBI will launch a framework to compensate customers up to Rs 25,000 for losses due to fraudulent transactions.The RBI will propose three...
Swipe Machine Price Factors: Features, Setup Fees, and Rentals
Key TakeawaysThe price of a swipe machine is often tied directly to the features included, such as multiple payment options, connectivity, and app integration.Swipe...
PM Jan Dhan Yojana’s 11 years: Over 56 cr accounts opened, deposits cross Rs 2.68 lakh cr
Key Takeaways56.16 crore bank accounts opened under PMJDYDeposits stand at Rs2.68 lakh crore, nearly twelve times higher than in 2015Average deposit per account has...
Banks, NBFCs must improve preventive and detective controls to mitigate cyber risks: RBI
Key TakeawaysBanks and NBFCs must continuously improve preventive and detective controls to mitigate cyber risks.The RBI has asked banks and NBFCs to develop robust...