The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechanisms to supplement the SMS-based OTP system for digital payment transactions.
For the first time, the total net profit of the banking sector crossed Rs 3 lakh crore in FY24, with all bank groups achieving a return on assets (ROA) greater than 1 per cent.
New Delhi [India], July 26: Global trade and personal transactions are increasingly linked, and XoomPay is a light of innovation and trustworthiness in international payment solutions. Since 2015, London-based XoomPay has been a global leader in financial technology, offering a flexible and
Indian markets closed on a decline on Thursday, a day after the government proposed an increase in capital gains tax and a hike in the Securities Transaction Tax for F&O transactions in the Union Budget
Mumbai (Maharashtra) [India], July 15: Kotak Bank announces the latest enhancement of its Kotak811 Banking App, boasting a revamped user interface for a truly intuitive experience. The app is poised to transform UPI transactions and other essential banking features, opening the door to a wor
New Delhi [India], July 4: In a groundbreaking collaboration, Payhuddle, a global leader in payment solutions, joins forces with Nepal Clearing House Limited (NCHL) to revolutionize Nepal's payment ecosystem. Together, they unveil a cutting-edge web-based centralized payment testing, pre-cer
The initiative aims to streamline trade transactions between India and Myanmar, enhancing efficiency by eliminating complexities associated with exchange rates through direct payment in local currencies.
"To keep the system of Krishi Upaj Mandi in order, senior officials should conduct surprise inspections of weighing scales, financial transactions, and other systems of the Mandi. It should be ensured that the interests of the farmers are not compromised anywhere and the farmers' faith in th
New Delhi [India], June 28:In today's fast-paced digital world, the way we handle money and transactions has transformed significantly. Among the most notable changes is the rise of mobile payments, which have revolutionized how consumers and businesses interact financially. Mobile payments
Film producer Vashu Bhagnani has recently addressed certain reports of alleged financial issues linked to his film 'Bade Miyan Chote Miyan' and purported real estate transactions.
New Delhi [India], June 17: The way we manage our financial transactions has become so much easier with the advent of technology in various financial products like a credit card. The convenience of using credit cards is unmatched, and this has been enhanced further with the introduction of U
Mumbai (Maharashtra) [India], June 12: WazirX, India's largest cryptocurrency exchange by volume, published its Proof of Reserves for June 2024 today, fostering transparency and user confidence in the virtual digital assets (VDA) ecosystem. As an industry leader facilitating transactions acr