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Paytm notes that Unified Payment Interface is one of the easiest ways to transfer money from one bank in India to another.
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Mar 04 2021, 4:47 PM March 04 2021, 1:24 PM March 04 2021, 4:47 PM The Reserve Bank of Indiaâs invitation to set up a new umbrella entity for retail payments has drawn in a rush of entries. From Amazon and Google, to Mastercard and Visa, global giants are coming together with a bunch of local aspirants to apply for an NUE licence ahead of the revised March 31 deadline, reports Bloomberg.The idea is to have another institution like the National Payments Corporation of India to spearhead innovation in... The Reserve Bank of Indiaâs invitation to set up a new umbrella entity for retail...
Cayman Islands' grey list tag may hurt FPI investments into India The Cayman Islands, one of India’s richest routes for foreign investments, has been put on the grey list of countries/regions for increased monitoring by the Financial Action Task Force (FATF), an inter-governmental body that sets anti-money laundering standards. It is also the third-most preferred source of foreign direct investments into India, based on the data for the first half of FY21. Read more Sebi plans change in norms to trim promoters' sway on independent directors The market regulator suggested a “dual approva...
SBI UPI users alert! Important message for State Bank of India customers SBI on January 8 had issued a notice that it is going to upgrade the UPI platform to give a better experience to its customers. Share Updated: Jan 9, 2021, 03:44 PM IST On January 8, the State Bank of India (SBI) had issued a notice that it is going to upgrade the Unified Payment Interface (UPI) platform to give a better experience to its existing and new customers. The notice says that during the upgrade activity, the customer may face some issues related to UPI. The bank suggested the use of other alternative platforms...