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BRANCHLESS BANKING
Nearly half of MSMEs polled prefer UPI for business transactions, says reportAccording to the MSME Digital Index Report by PayNearby, digital payments continue to gain strong acceptance among MSMEs, with UPI emerging...- PayNearby plans to add 5 lakh retailers in 2 years, hire 300-400 people by March 2026PayNearby, a branchless banking and digital network, announced plans to onboard 5 lakh retailers in the next two years, expanding its natio...
- UPI QR transactions jump 33% at retail stores in Bharat this year: ReportUPI transactions at retail stores have risen by 33% in semi-urban and rural areas this year. Insurance policy purchases and premium collect...
- UPI transactions surge to record 782 crore in December 2022The December figure was 7% higher than in November while, in value terms, the amount transacted last month was 8% more than the preceding o...
- PayNearby brings on senior hires to strengthen omnichannel network and drive growthThe latest appointments are a part of the company's ambitious plans to drive growth, through branchless banking, across emerging businesses...
- InstantPay launches neo-banking services for SMEsThis will enable SMEs to avail cash management and other financial services which were earlier only accessible to large corporates and ERP ...
- Smaller players bank more on government’s Digital India pushIDFC Bank was the first to launch Aadhaar-enabled biometric payment even before Prime Minister Narendra Modi flagged it off on April 14.
- SBI to launch branchless banking called SBI Digi BankWhile SBI did not respond to a mail seeking an official response, a senior official confirmed the development on the condition of anonymity.
- India lags in physical banking infrastructure : ReportThe Indian financial services sector is experiencing a plethora of regulatory changes as it gears up to meet local and international standa...
- Branchless banking can help expand formal banking: ReportMany accounts opened in rural parts, at present, remain comparably inactive and hence operationally inefficient and less profitable for the...
- Need to tweak rules to boost mobile phone bankingMobile users could deposit and draw cash instantly from these accounts through a banking intermediary called business correspondent (BC).
- Corp Bank to offer exclusive services to senior citizens soonCorporation Bank, a premier public sector bank, is in the process of rolling out special and exclusive services for senior citizens.
- Indian innovations: Converting new ideas into successful businessesFrom a jacket that controls temperature to a rural branchless banking system, here is a sample of innovations likely to change lives.
- We have no solution for MFIs who have been hit: RBIThe Reserve Bank of India (RBI) on Thursday made it clear that it has no solution for Micro finance Institutions that have been hit, but sa...
- Manmohan Singh reviews financial inclusion effortsThe Prime Minister, Dr Manmohan Singh, on Friday reviewed the progress towards financial inclusion by banks in India.
- All villages to get banking services by 2015: RBIThe Reserve Bank deputy governor KC Chakrabarty on Saturday said all the villages will have banking services by 2015.
- Interest rates to moderate in 6-12 months: ChidambaramThe current high interest rates in the country will begin to moderate in the next six to 12 months, Finance Minister P Chidambaram said on ...
- CorpBank and IIM, Ahmedabad ink pactCorporation Bank and Indian Institute of Management, Ahmedabad have mutually agreed to have tie-up arrangement for the students to pursue h...
- CorpBank and IIM, Ahmedabad ink pactCorporation Bank has tied up with Indian Institute of Management, Ahmedabad to provide loans to students pursuing higher studies at the pre...
- PNB to raise Rs 4,000 crore from bondsState-run lender Punjab National Bank plans to raise Rs 4,000 crore through bonds to meet its credit needs.
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