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MICRO ATM MODEL
For both the compulsive trader and careful investor: 25 stocks to watch if risk appetite returns; some with upside potential, some notIf the price of crude oil softens, Indian equities may again see a risk-on phase. Tariff concerns are no longer the central issue; the larg...- Mswipe appoints Cashe’s Ketan Patel as CEO, to apply for NBFC licenceMswipe will apply to the Reserve Bank of India (RBI) for an NBFC licence in 2021-22, with plans to convert it into an small finance bank la...
- Aadhar payment systems gathers steam, trumps ATM withdrawalsWith less than a quarter of the 2.3 lakh ATMs deployed in rural areas in the country, account holders are growing increasingly comfortable ...
- Paytm Payments Bank enables Aadhaar card-based servicesSoon features like cash deposit, interbank fund transfer etc. will also be made live, the company said, adding that this will benefit peopl...
- Micro ATMs a big hit in rural India, transactions in May touch 33.5 millionWith an annual growth rate of 150% since 2016, the Aadhar-Enabled Payments Channel (AEPS), which falls under the broader category of micro-...
- Andhra Bank to deploy over 1,600 business correspondents to boost financial inclusion programmeAt present, Andhra Bank uses separate Financial Inclusion Gateway solution procured from a third-party vendor for all financial inclusion t...
- Maharashtra plan of digitisation hits a wallUnlike the Andhra model where the micro-ATM placed in a ration shop is owned by the government, the Maharashtra government has decided to h...
- Your postman may soon become the point of contact for all your financial work. Read howIndia Post is targeting a dozen key bill payments, like school fees and utility bills, for those who aren’t familiar with operating an app ...
- Micro ATM fee: Big banks plan escape routeNow, banks will meet with the NPCI on April 19 to decide on the fee.
- Big banks plan 90% cut in fees for micro ATMsMove to cut intercharge fees will make business unviable for institutions that have taken banking to villages thereby rendering a big blow ...
- Post demonetisation, MFIs look to digitiseMFIs and small finance banks (SFBs) like Equitas are joining the bandwagon of instant loan approval. They send field officers with tablets.
- Common backend provider for all micro ATMs on the AEPSA common solution provider for AEPS transactions will ensure that various issues related to decline in banking transactions are taken care ...
- RBI Instructs Banks to shift to chip based models of cards to reduce theftThe Reserve Bank of India has instructed banks to shift from magnetic stripe based ATM and debit cards to EMV chip and Pin based model of c...
- Tata Communications arm eyes deals with payments, small banksTCPSL, with its footprint in the country's interiors, hopes to cash in on this requirement and make its payments business more profitable.
- Business correspondents weak link in UPA's cash transfer planThe system relies on a network of business correspondents to ensure that payments are made to the intended beneficiaries.
- Aadhaar can fix Kotkasim-like problems: Jairam RameshIs Aadhaar the difference between what happened in Kotkasim and what could have been? That's the stand the government is taking, but the cr...
- Government plans micro ATMs for transfer of cash to poorGovt is likely to shoot down DFS plan to appoint common banking correspondent companies for transferring cash to poor people.
- UID will give mobile identity to peopleIndia loses thousands of crores because of fake identities. Even if we plug 10% of it, the programme becomes self-sustaining,says RS Sharma...
- Banking on innovationVortex’s low-cost Gramateller ATM designed for rural markets, makes sense for cities too.
- Banks’ no-frills move is a win-win for allWhat began out of compulsion a year ago is now slowly turning out to be a viable business proposition for most banks.
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