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What happens when your UPI, IMPS bank transfer fails?
On April 1, banks were shut and several customers faced issues while transferring money
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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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Here’s why tech glitches haunt Indian bank customers
Despite RBI pulling them up, most Indian lenders continue to report regular outages in their digital and mobile services
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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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Additional authentication must for automatic recurring payment from April
Banks and payment gateways are seeking additional time to comply with the RBI directive on automatic recurring payment
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Consumers savour choice as biggies battle for top slot; PhonePe leads the race in UPI transactions
Overall UPI transactions in February drop marginally while Google Pay remains at second position. RBI planning a parallel body to NPCI to bolster digi
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Google Pay to give users more control over their data
Google Pay will roll out an update from next week that will provide users with more controls to decide how their Google Pay activity is used to person
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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
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UPI payments record highest growth at 185% in 2020-21
Digital payments in India grow faster as economy gets back on the growth curve but the pandemic refuses to relent
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Paytm leads the charts with 1.2 billion monthly transactions
Paytm has over 150 million users with 50% of them holding an account in Paytm Payments Bank
