The draft said non-banks providing PA-P services should have a minimum networth of Rs 15 crore at the time of submitting an application to the RBI for authorisation and a minimum networth of Rs 25 crore by March 31, 2028.
India and the United Arab Emirates on Tuesday signed an agreement on a trade corridor that aims to connect Europe with India through parts of the Middle East by sea and rail, an ambitious plan backed by the US and the European Union.
The National Payments Corporation of India is set to launch a new feature that will allow NRIs to link their foreign mobile number with their Indian bank account for UPI transactions.
Tata Group is seeking clearance from the National Payments Corporation of India (NCPI) to offer its own United Payments Interface (UPI)-based digital payments service in the country.
Airtel Payments Bank recently announced that they have been categorised as 'Scheduled Bank' by the Reserve Bank of India.
Xsolla, a video game commerce company announced that it will accept more than 700 local payment options from different parts of the world, allowing players to make purchases directly with their choice of payment.
Merchant payment and lending network provider BharatPe on Monday launched two voice-based applications that will help accountholders access transactions and balance without having to touch their phones amid COVID-19 outbreak.
RBI said that the Bombay High Court has appointed Vijaykumar V Iyer, Senior Director of Deloitte Touche Tohmatsu India LLP as the liquidator of Aditya Birla Idea Payments Bank.
Oil ministry claimed that Rs 167 crore of LPG subsidies had been deposited in the accounts of Airtel Payments Bank without the customers knowing that such accounts had been opened.
Backed by Chinese firm Alibaba and Japanese conglomerate SoftBank, the company has earmarked initial investment of Rs 400 crore to build its banking network over two years
As per the Central bank’s guidelines, the company will transfer its wallet business to the newly incorporated payments bank entity under a payments bank licence awarded to Founder and CEO Vijay Shekhar Sharma
Sunil Bharti Mittal-led Bharti Enterprises on Thursday officially launched Airtel Payments Bank, which is being rolled out across the country with n investment of Rs 3,000 crore.
Finance Minister Arun Jaitley will today launch Airtel Payment Bank, a subsidiary of India’s largest telcom operator Bharti Airtel, which will also hold the distinction of becoming the country’s first payment bank. 1) On April
Airtel Payments Bank, a subsidiary of Bharti Airtel, rolled out a pilot of its banking services in Rajasthan. The bank will offer interest rate of 7.25 per cent per annum on deposits in savings accounts,
Mumbai: Lack of credit disbursing experience makes the postal department with its vast network of offices around the country better suited to be run as a payment bank and not as a full-fledged universal bank,
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