Banks

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

2017 was indeed a revolutionary year in the fintech space and one can expect similar trends in 2018. 

The Move Is Aimed At Enhancing Adoption Of UPI Based Payments Among Consumers