Page 18 - Settlement Systems News Today

Proliant Settlement Systems Continues Expansion with Addition of Great Northern Title Share Article Great Northern TItle “At the onset of a business, the upfront costs are exorbitant and that’s why a lot of businesses fail,” says Nofar. “The Proliant model allows the franchisee to have a fighting chance to be successful in the industry because they have streamlined the process of becoming a title agent. AUBURN HILLS and STERLING HEIGHTS, Mich. (PRWEB) ...

RBI rejigs portfolios of deputy governors Top Searches RBI rejigs portfolios of deputy governors PTI / Apr 5, 2021, 20:29 IST FacebookTwitterLinkedinEMail MUMBAI: The Reserve Bank on Monday rejigged portfolios of its deputy governors, with the key monetary policy department remaining with Michael Debabrata Patra. The reshuffle follows the retirement of deputy governor B P Kanungo from the Reserve Bank of India (RBI) on completion of his one-year extension. As deputy governor, Kanungo headed ...

Unified Payments Interface (UPI), the flagship payments platform of National Payments Corporation of India (NPCI), topped the Rs 5 trillion mark in value of transactions in March. It is nearing the 3 billion mark per month in transaction volume. According to NPCI data for March, UPI recorded 2.73 billion transactions amounting to Rs 5.04 trillion, up 19 per cent in February both in terms of value and volume. In February, it had recorded around 2.3 billion transactions amounting to Rs 4.25 tri...

03 March 2021 The Tata Group is reported to have taken over State Bank of India and Bank of Baroda’s bid for a Reserve Bank of India (RBI) licence to set up a New Umbrella Entity (NUE) for retail payments in the country, the Economic Times reported.  The move to apply for a NUE licence is part of a concerted effort by the group to develop and roll-out its Super App, for a big entry in the online retail space and set up competition with Reliance and Amazon. RBI is reported to have rejected th...

The Tata Group has taken over SBI and Bank of Baroda's bid for a RBI license to set up a New Umbrella Entity (NUE) for retail payments.

Paytm, Ola Financial Services and IndusInd Bank will submit a joint proposal to set up a New Umbrella Entity (NUE) for retail payments in the country

February 27, 2021 Reliance Industries Ltd has partnered with Google and Facebook to seek a license to set up a New Umbrella Entity (NUE) for retail payments in the country, the Economic Times reported. Reliance, Google and Facebook will team up with So Hum Bharat Digital Payments Pvt Ltd to submit their proposal to the Reserve Bank of India (RBI), the report said citing unnamed sources. So far, apart from the So Hum and Reliance joint application for a NUE license, a consortium led by the Tata ...

The COVID-19 pandemic has indisputably changed the way we do business at Zenith Bank and our interactions with stakeholders – not the least in the digitisation of our banking services. With the rollout of a digital retail strategy aimed at driving financial inclusion, we embarked on an aggressive retail marketing and digital banking drive. As a result, Zenith Bank – which is well known for its prowess in developing innovative digital banking products and services – ensured that its custom...

Amazon is joining hands with ICICI Bank and Axis Bank and several others to create a national payments network that will rival the NPCI's UPI platform

The Finance Ministry has raised concerns over the SBI, HDFC Bank and BoB combine which reportedly plans to jointly apply for a New Umbrella Entity (NUE) license