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UNBANKED MIGRANTS
Cryptocurrency promise for UAE's unbanked migrants - but not yetDubai and the rest of the United Arab Emirates (UAE) is moving closer to opening licensed cryptocurrency exchanges, a step that could boost...- How to make the most of payments bankPayments bank is the latest buzzword in the financial services industry. Here's how it works and more importantly, how you can make the mos...
- UPI's beauty lies in its simplicityGiven the trends in internal migration and people moving to cities for jobs, the domestic remittance market will benefit greatly from somet...
- Paytm banks on Wipro to ensure it’s on right side of lawWipro will implement core-banking solutions for Paytm and also the programme to manage the integration of other key systems like anti-money...
- Airtel M Commerce receives RBI licence to start payments bankThe Reserve Bank of India has granted payments bank licence to Airtel M Commerce Services, a subsidiary of Bharti Airtel on Monday.
- Infosys, TCS, Others vie for Paytm’s Rs 125-crore IT deal for bank forayOracle, Infosys and TCS are in the running for core banking services for payments, while Wipro and TCS are in the fray for being the system...
- Paytm close to awarding Rs 125 crore outsourcing deals for payment bankPaytm is close to finalising technology outsourcing contracts worth Rs 125 crore to manage the back-end for its payments bank which the com...
- PwC's Shinjini Kumar to head Paytm's payments bankKumar, a partner and leader of the banking and capital markets practice at PwC, will take charge next month and build a 2,500-strong team.
- Janata likes Jan Dhan: The past year has seen a rapid growth of active PMJDY accounts across all geographiesWe find rapid growth in active accounts across all geographies, where an active account is one where at least one transaction takes place i...
- North East, central India to gain most from payments banks: CrisilCrisil said east, north-eastern and central India will gain the most from payments banks while the market share of existing banks is unlike...
- RBI gives in-principle nod to 11 applicants including RIL, Aditya Birla Nuvo & Airtel for payments bank licenceSelected cos will be given "in-principle" approval for 18 months, after which they will be given licences if they fulfil all conditions sti...
- Mobile payment startups and banks use technology to tap rural IndiaAs mobile payment startups and banks take frugal technology to rural India, thousands of lives are experiencing the change for the first ti...
- Vodafone launches M-Pesa in Punjab"M-Pesa is a safe, secure and convenient service to tranfer money and make payments beyond the reach of traditional banking channels."
- Migrant labourers' remittances shore up the economy, govt must look after themAccording to the World Bank, India received $71 billion in remittances by end-2013; but estimates are that just 50% of this market is handl...
- StarFin: Facilitating transactions in unbanked rural North IndiaStarFin facilitates online and real-time cash deposits, withdrawals, and transfers from urban to rural population in 7 lakh unbanked villag...
- Saral Money a step towards cash transfers, UID & financial inclusionSaral Money—a pre-paid card launched on the Visa and Aadhaar platforms yesterday—is an easy way for the unbanked to access their welfare be...
- Yes Bank aims to sell 500 kg gold products in FY'13Yes Bank is expecting to sell about 500 kilogram of gold products in 2012-13 fiscal, a senior official said today.
- State Bank of India achieves 100% financial inclusion in AP circleState Bank of India has achieved 100 per cent coverage of its allotted unbanked villages in Andhra Pradesh.
- PNB charts growth plans overseas with JSC Bank buyThe country’s second-largest public sector lender, Punjab National Bank (PNB), has charted plans for inorganic expansion in the central Asi...
- Asia’s largest slum colony gets its first ATMThe country’s commercial capital Mumbai saw its largest slum population get its first state-owned bank branch and ATM at Dharavi on Monday.
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