Digital Savings Account
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"Hope My Story Serves As Warning": Ex-Banker Loses Rs 23 Crore In Digital Arrest
A 78-year-old former banker who lost his life's savings, a whopping Rs 23 crore, to a fake "digital arrest," hopes his loss will serve as a warning to others.
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JioFinance App With UPI, Banking Services Launched in Beta By Jio Financial Services
JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...
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Decentralised Finance Comes Under Global Regulators' Scrutiny as They Seek to Safeguard Market Stability
Global securities regulators set out on Thursday their first blueprint to make participants in "decentralised finance" (DeFi) accountable for their actions and safeguard market stability. DeFi platforms allow users to lend, borrow and save in digital assets, using the blockchain technology that underpins cryptoassets to bypass the traditional gatek...
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Mastercard to Explore Tokenised Bank Deposit Services as It Gears to Dig Deeper into Crypto
Mastercard is gearing up to launch its ‘Multi-Token Network (MTN)’ in its beta version in the UK in the coming months. With the MTN, Mastercard is exploring if the unit of money in an individual’s bank account could be transformed into a digital saving on the blockchain. This could open more use cases of digital money, the company believes.
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Tencent’s WeChat Blocks NFT-Linked Public Accounts as China Tightens Crypto Supervision
Chinese tech major Tencent has restructured its policies in order to clampdown on the trade of risky NFTs via its WeChat app. The aim is to prevent digital asset players from violating the laws using WeChat and to save investors from the risks of financial losses. Mini apps linked to NFTs, operating on the WeChat platform, are only allowed to displ...
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Dogecoin Investor Says He Became a Millionaire in 2 Months
The investor said his initial investment had grown from Rs. 1.3 crores to almost Rs. 15 crores after the value of the meme cryptocurrency surged.
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India Post Payments Bank: 5 Things To Know
Prime Minister Narendra Modi will launch India Post Payments Bank or IPPB -- the largest payments bank in the country by network size on Saturday. The India Post Payments Bank will offer a range of products such as savings and current accounts, money transfer, direct benefit transfers, bill and utility payments, and enterprise and merchant payments...
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Google Pay Gets Peer-to-Peer Payments, Lets You Save Concert Tickets and Boarding Passes
Google has integrated its peer-to-peer payments service Google Pay Send into its digital payments solution Google Pay.
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These 53 Aadhaar-Enabled Villages In Gujarat Show The Way To Digital India
Vallabhipur taluka was the first taluka in the country where savings accounts have been linked to the Aadhaar card, long before the Income Tax department had to extend its deadline for banks to get a fix the identity of their account holders.
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The Rs 150 Bank Charge: What It Means For You In 10 Points
Leading private bank HDFC has announced savings account customers will have to pay a Rs 150 charge for cash deposits or withdrawals in excess of four free transactions at bank branches. The development puts the HDFC's charges for transactions at par with its two competitors - ICICI and Axis banks - that had also suspended charges to be paid for cus...
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"Hope My Story Serves As Warning": Ex-Banker Loses Rs 23 Crore In Digital Arrest
A 78-year-old former banker who lost his life's savings, a whopping Rs 23 crore, to a fake "digital arrest," hopes his loss will serve as a warning to others.
-
JioFinance App With UPI, Banking Services Launched in Beta By Jio Financial Services
JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...
-
Decentralised Finance Comes Under Global Regulators' Scrutiny as They Seek to Safeguard Market Stability
Global securities regulators set out on Thursday their first blueprint to make participants in "decentralised finance" (DeFi) accountable for their actions and safeguard market stability. DeFi platforms allow users to lend, borrow and save in digital assets, using the blockchain technology that underpins cryptoassets to bypass the traditional gatek...
-
Mastercard to Explore Tokenised Bank Deposit Services as It Gears to Dig Deeper into Crypto
Mastercard is gearing up to launch its ‘Multi-Token Network (MTN)’ in its beta version in the UK in the coming months. With the MTN, Mastercard is exploring if the unit of money in an individual’s bank account could be transformed into a digital saving on the blockchain. This could open more use cases of digital money, the company believes.
-
Tencent’s WeChat Blocks NFT-Linked Public Accounts as China Tightens Crypto Supervision
Chinese tech major Tencent has restructured its policies in order to clampdown on the trade of risky NFTs via its WeChat app. The aim is to prevent digital asset players from violating the laws using WeChat and to save investors from the risks of financial losses. Mini apps linked to NFTs, operating on the WeChat platform, are only allowed to displ...
-
Dogecoin Investor Says He Became a Millionaire in 2 Months
The investor said his initial investment had grown from Rs. 1.3 crores to almost Rs. 15 crores after the value of the meme cryptocurrency surged.
-
India Post Payments Bank: 5 Things To Know
Prime Minister Narendra Modi will launch India Post Payments Bank or IPPB -- the largest payments bank in the country by network size on Saturday. The India Post Payments Bank will offer a range of products such as savings and current accounts, money transfer, direct benefit transfers, bill and utility payments, and enterprise and merchant payments...
-
Google Pay Gets Peer-to-Peer Payments, Lets You Save Concert Tickets and Boarding Passes
Google has integrated its peer-to-peer payments service Google Pay Send into its digital payments solution Google Pay.
-
These 53 Aadhaar-Enabled Villages In Gujarat Show The Way To Digital India
Vallabhipur taluka was the first taluka in the country where savings accounts have been linked to the Aadhaar card, long before the Income Tax department had to extend its deadline for banks to get a fix the identity of their account holders.
-
The Rs 150 Bank Charge: What It Means For You In 10 Points
Leading private bank HDFC has announced savings account customers will have to pay a Rs 150 charge for cash deposits or withdrawals in excess of four free transactions at bank branches. The development puts the HDFC's charges for transactions at par with its two competitors - ICICI and Axis banks - that had also suspended charges to be paid for cus...
