Banks

Flipkart, Amazon, GoIbibo, Ola, BigBasket launched cobranded credit cards this year

There are only an estimated 49 Mn credit cards in circulation. 

Estimates from CIBIL suggest that while there are some 220 Mn credit-worthy Indians

Only 44% of last year’s PoS deployment targets have been met till Jan 2019

Indian Govt has aimed for 30Bn digital payments in FY19

Post demonetisation, the govt has been making efforts to build country’s digital infrastructure

The facility has been restored for five banks/ Aadhaar authentication agencies (AUAs)

For the other eight banks/ AUAs, restoration is subject to compliance

With the suspension, banks couldn’t offer several financial services linked to the e-KYC facility

The NPCI said that transactions in which the payer and payee accounts are the same will be blocked from August 1

It has also asked payment service providers and banks to block such transactions at their end

Such transactions are attributed to attractive cashbacks being offered by multiple non-banking private entities

NBFCs and Fintechs Are Leveraging An Integrated Technology Approach And Great Customer Service To Corner Banks In The Lending Market

NPCI Had Revised Bank Interchange Charges At 1% Of The Transaction Amount With Minimum Charge Of INR 5 And Maximum Of INR 15

Government Has Set Up Separate Targets For Individual Institutions To Boost Volume Of Digital Transactions

As Part Of Its India Entry, The Company Will Partner Will UIDAI, Passport Dept. And A Few Banks

With This, Google India Has Partnered With 80+ National And State Providers Of Electricity, Gas And Water

The Working Group Suggests Tax Rebates To Merchants On Adopting Digital Payments, And Varying Regulatory Supervision Depending Upon The Risk Implications

The Option Is Currently Limited To Transactions Less Than $155.6 On Its Mobile Offerings

Leading Insurers Have Tied Up With IBM And Cateina Technologies To Develop Blockchain Solutions