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LIC ties-up with Paytm for e-payments
Around Rs 60,000 crore of premium collections is done via digital mode and sees around 8 crore digital transactions
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E-wallets vs bank accounts: Which one suits you the best?
Unlike bank accounts, one does not need to have a minimum balance to keep his or her e-wallet account active
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How will users withdraw money from mobile wallets at ATMs?
Although, mobile wallets do not have account numbers, but the prepaid instruments—mobile wallets—can become part of centralized payments systems:
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Everything you need to know about RBI’s latest decision for digital wallets
RBI said it will allow cash withdrawal from digital wallets as well as non-bank entities via prepaid cards
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RBI makes interoperability mandatory for all mobile wallets, but what does it mean?
With the new announcement, you can transfer money from one digital wallet to another
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LPG cylinder for Rs 9! Paytm rolls out exclusive offer for first-time customers
But there are a few conditions that one must adhere to in order to avail benefits of this scheme.
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A look at the transformation of the BFSI sector
Technology has played an indispensable role in the transformation of the financial sector
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You can withdraw cash from ATM without your debit/ATM card
City Union Bank has already enabled its ATMs for this service while some other banks are in preparing to launch it
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In merchant push, Paytm turns smartphones into POS machines
Paytm Smart POS transforms a smartphone into a device that accepts debit and credit card payments just like a normal Electronic Data Capture machine
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Here’s why banks are still laggards in the UPI payments race
As PhonePe, Google Pay and Paytm sprint ahead and conquer 94% of the UPI-led retail digital payment market, India’s leading banks struggle to catch
