RBI extends deadline for card tokenisation
Mumbai/IBNS: The Reserve Bank of India (RBI) on Thursday extended the deadline for card tokenisation till June 30, 2022.
Mumbai/IBNS: The Reserve Bank of India (RBI) announced three key measures on Wednesday to make the Unified Payments Interface (UPI) transactions more efficient.
RBI to geotag payments to increase the reach of digital payments
Mumbai/IBNS: The Reserve Bank of India on Friday (October 8) introduced geotagging of payments system to improve the payment acceptance infrastructure.
Yes Bank update impacts fintech start ups and app based services
Mumbai/IBNS: Several fintech startups and apps are facing problems in their operations after Yes Bank was put under moratorium by the Reserve Bank of India on Thursday.
Here’s How FASTag - the Contactless Digital Payment Tag Works
The Indian government has made it mandatory from 1 Dec, 2019 to use a contactless payment card for cash-free and faster transactions at National Highway toll plazas across the country. All new four-wheelers will be expected to have FASTag devices fitted by car manufacturers on the front windscreen. Currently, this program is active across 450+ toll plazas across the country and the remaining will be covered soon for the mandate implementation by the Govt. Of India. The notice follows an amendment by central government to the 1989 Central Motor Vehicle Rules according to the powers conferred on it by Motor Vehicle Act, 1989. Let’s take you through a FASTag overview and understand everything about it, in detail.
RBI appoints Aadhar architect Nandan Nilekani as chairman of digital payments panel
Mumbai, Jan 8 (IBNS): The Reserve Bank of India on Tuesday said Infosys co-founder Nandan Nilekani, the architect of Aadhaar card, has been appointed as the chairman of the committee formed by it to assess the digitisation of payments in the country.
Tata Power announces 100% cashless payments
Mumbai/ Kolkata, Apr 24 (IBNS): Tata Power, India's largest integrated power company, on Monday said it has always supported initiatives that strive to make India state-of-the-art technologically.