NTT Data to acquire Malaysia payment ... - Mobile World Live
NTT Data made an offer to take a majority state in Malaysia-based payment terminal supplier GHL System.
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NTT Data made an offer to take a majority state in Malaysia-based payment terminal supplier GHL System.
RBI's decision to allow UPI for cash deposits at ATMs may render debit cards irrelevant as mobile payments surge. Debit card usage has stagnated, while mobile payments have more than doubled in the last three years, according to RBI data.
Unveiling the monetary policy, Reserve Bank Governor Shaktikanta Das said the limit for various categories of unified payments interface (UPI) transactions has now been enhanced to Rs 5 lakh per transaction from the present Rs 1 lakh for payments to hospitals and educational institutions.
As the UPI juggernaut rolls on‚ the six-year-old real-time payments system is set to disrupt big-ticket credit card‚ debit card and remittance payment ecosystems‚ and even the cash in the system.
NTT Data India has joined the list of fintech startups such as Mswipe, and Innoviti to have received the payment aggregator licence.