VIL recruits two senior-level executives
April 16, 2021
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Vodafone Idea Ltd (VIL) has recruited two senior-level executives, with Mathan Babu Kasilingam joining as Executive Vice President (Technology Security) and Vivek Jain returning to the telecom operator as Executive Vice President (Marketing).
Kasilingam joins VIL from National Payment Corporation of India, where he was Chief Information Security Officer, prior to which he had worked with organistions such as HDFC Bank, British Telecom Global Sevices, Symantec Software, Mcafee, Wipro and HCL. He has over 20 year of experience in information and cyber security sectors, VIL said in a social media post.
Vivek Jain is joins VIL back from The LEGO Group. In his earlier stints, he had worked with Godrej Consumer Products, Colgate Palmolive, J&J and Perfetti Van Melle. Jain had quit VIL in 2019 to join The LEGO Group as General Manager–India.
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IMPS is the instant payment facility offered by the National Payment Corporation of India (NPCI) NPS subscribers can now deposit their contributions under D-Remit via IMPS facility
New Delhi: The Pension Fund Regulatory and Development Authority (PFRDA) has said that NPS subscribers can now deposit their contributions under Direct Remittance (D Remit) through the Immediate Payment System (IMPS). Currently, National Pension System (NPS) subscribers can deposit their contributions under D-Remit only by using NEFT and RTGS.
IMPS is the instant payment facility offered by the National Payment Corporation of India (NPCI).
The Pension Fund Regulatory and Development Authority (PFRDA) circular issued on 10 March said, “The functionality of accepting IMPS has been released from 1 March 2021. However, unlike the contributions received through NEFT/RTGS which are returned on the same day in case of a return, the IMPS contributions in case of a return shall be effected
March 5, 2021
Flipkart, Mastercard and PayU will join the Tata Group-led consortium to create a digital payments New Umbrella Entity (NUE), the Economic Times reported. The three entities will buy a 30% stake together in Ferbine Pvt. Ltd, an entity set up by the Tatas that will operate the NUE under the Reserve Bank of India’s authorisation.
If granted a license the consortium will set up and operate new payments platforms that will compete with the National Payment Corporation of India (NPCI), while also building payments platforms that complement the NPCI’s own. While HDFC Bank and Kotak Mahindra Bank each have a 9.9% stake in the entity, Mastercard and Airtel Digital have bought a 10% stake each, Flipkart’s FlipPay, and Naspers-backed PayU will each acquire a 5% stake in the Tata led NUE, the report said. It added that Tata’s have retained 40% of the company.
Updated Mar 05, 2021 | 15:20 IST
This facility can be used on NCMC cards and RuPay Tokenized Card on mobile/ wearable to make payments in a secure and time-efficient manner NPCI teams up with SBI Payments to launch ‘RuPay SoftPoS’ solution | Photo Credit: BCCL
New Delhi: National Payments Corporation of India (NPCI) on Friday has announced a partnership with SBI Payments to announce the launch of ‘RuPay SoftPoS’ for millions of Indian merchants. This innovative solution has the capability to transform NFC-enabled smartphones into merchant Point of Sale (PoS) terminals for the retailers. Merchants will now be able to accept contactless payments of up to Rs 5000 through a simple tap and pay mechanism on their smartphones.
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