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RBI announces hackathon on smarter digital payments
HARBINGER 2021 is looking for creative solutions in the payment and settlement systems landscape; the winner gets Rs 40 lakh
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The case for cash
Though use of cash has increased since demonetisation, cleanliness in transaction and a rise in revenues for the govt have been two clear benefits.
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Airtel plans to ride the digital wave for growing payments bank business
Airtel has 180 million-plus customers across its digital assets
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Share and care
As banks, insurers, pension and tax authorities agree to share consumer data with fintech firms, data safety has to be of paramount importance.
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How RBI has made e-wallets safer for users
While the RBI is striving hard to protect customers at all costs, here are a few things that you must keep in mind
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Card data storage: Security first, convenience too
The new payment aggregator rules being drawn up by RBI might be inconvenient to customers and RBI must find a midway between security and convenience
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RBI's data clause: Payment gateways seek exemption
Authorised card operators will be allowed to store credit and debit card details but they won't be able to use the same for auto-checkout.
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How digital transactions impact India's monetary aggregates
The increased use of digital money/pre-paid instruments has changed the composition of both reserve money as well as monetary base.
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35% of mobile wallet users face fraud regularly: FIS survey
Phishing and QR/UPI code-related frauds are most common weapons of fraudsters who have also started unleashing crypto-related frauds have also begun
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LIC launches pilot project with RuPay prepaid card
Once the pilot project is complete India’s largest insurer is likely to enter the card business.
