Electronic Payment Systems
-
{
- All
- News
- Videos
-
NEFT vs RTGS Key Differences Explained: Transaction Limits, Settlement Time and More
Reserve Bank of India (RBI) launched Real-Time Gross Settlement (RTGS) in 2004. Initially, the payment settlement was used for interbank transactions. However, the RBI later introduced the service to settle transactions between customer accounts. Another payment settlement system, owned and operated by the RBI, is National Electronic Funds Transfer...
-
Amazon Great Indian Festival: Top Smartphone Offers During the Sale You Shouldn’t Miss
Amazon Great Indian Festival 2024 kicked off in India on September 27, offering exciting deals to all users. Shoppers can find a wide range of electronics, from personal gadgets to home entertainment systems and large appliances, at attractive discounted prices. Additionally, many products can be purchased at even lower effective prices thanks to e...
-
FASTag KYC Deadline Could Be Extended Beyond February 29: Report
FASTag KYC Update: FASTag is an electronic toll collection system in India, operated by the NHAI. It employs RFID technology for making toll payments directly from the prepaid or savings account linked to it or directly toll owner.
-
SBI Introduces UPI Interoperability With eRupee CBDC for Seamless Transactions
The State Bank of India (SBI) announced it has implemented Unified Payments Interface (UPI) interoperability in Digital Rupee, also called as Central Bank Digital Currency (CBDC).
-
Aadhaar Holders Carried Out 2.31 Billion Authentication Transactions in March
Aadhaar holders have carried out nearly 2.31 billion authentication transactions in the month of March 2023, indicative of the growing usage of Aadhaar and the growth of the digital economy in the country. A majority of the authentication transactions were carried out by using biometric fingerprints during the month, followed by others.
-
RBI Seeks Public Opinion on Fees, Charges in Payments Systems: All Details
The Reserve Bank of India (RBI) is seeking public opinion on fees and charges on payment systems including Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time Gross Settlement (RTGS) system, Unified Payments Interface (UPI), and debit and credit cards. The central bank wants to make such transactions afford...
-
NPCI, Paytm Debunk FASTag Scam Videos, Issue Statement to Explain Deduction Process
Paytm, NPCI have responded to the FASTag scam video making rounds on social media, calling it fake. While Paytm discussed only the child video in its rebuttal, NPCI discussed the larger issue of videos making fake claims.
-
Cryptocurrencies Present Risk to US Financial System, Will Require New Regulations: Federal Reserve Chair
US Federal Reserve Chair Jerome Powell said new forms of digital money such as cryptocurrencies and stablecoins present risks to the US financial system and will require new rules to protect consumers.
-
Ransomware Attack Encrypts South Africa’s Department of Justice, System Still Being Restored
South Africa's department of justice faced a massive ransomware attack earlier this month and it is reportedly still trying to restore its operations back to normal. The attack took place on September 6, 2021, when ransomware encrypted all the information systems provided by the department. This made all electronic services — including email and ...
-
Brazil Launches Pix Instant Payments System, Whatsapp to Enter Soon
Brazil's central bank on Monday launched an instant payments platform that will speed up and simplify transactions, as well as foster financial sector competition and lure in new players such as big techs Facebook and Google.
-
NEFT vs RTGS Key Differences Explained: Transaction Limits, Settlement Time and More
Reserve Bank of India (RBI) launched Real-Time Gross Settlement (RTGS) in 2004. Initially, the payment settlement was used for interbank transactions. However, the RBI later introduced the service to settle transactions between customer accounts. Another payment settlement system, owned and operated by the RBI, is National Electronic Funds Transfer...
-
Amazon Great Indian Festival: Top Smartphone Offers During the Sale You Shouldn’t Miss
Amazon Great Indian Festival 2024 kicked off in India on September 27, offering exciting deals to all users. Shoppers can find a wide range of electronics, from personal gadgets to home entertainment systems and large appliances, at attractive discounted prices. Additionally, many products can be purchased at even lower effective prices thanks to e...
-
FASTag KYC Deadline Could Be Extended Beyond February 29: Report
FASTag KYC Update: FASTag is an electronic toll collection system in India, operated by the NHAI. It employs RFID technology for making toll payments directly from the prepaid or savings account linked to it or directly toll owner.
-
SBI Introduces UPI Interoperability With eRupee CBDC for Seamless Transactions
The State Bank of India (SBI) announced it has implemented Unified Payments Interface (UPI) interoperability in Digital Rupee, also called as Central Bank Digital Currency (CBDC).
-
Aadhaar Holders Carried Out 2.31 Billion Authentication Transactions in March
Aadhaar holders have carried out nearly 2.31 billion authentication transactions in the month of March 2023, indicative of the growing usage of Aadhaar and the growth of the digital economy in the country. A majority of the authentication transactions were carried out by using biometric fingerprints during the month, followed by others.
-
RBI Seeks Public Opinion on Fees, Charges in Payments Systems: All Details
The Reserve Bank of India (RBI) is seeking public opinion on fees and charges on payment systems including Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time Gross Settlement (RTGS) system, Unified Payments Interface (UPI), and debit and credit cards. The central bank wants to make such transactions afford...
-
NPCI, Paytm Debunk FASTag Scam Videos, Issue Statement to Explain Deduction Process
Paytm, NPCI have responded to the FASTag scam video making rounds on social media, calling it fake. While Paytm discussed only the child video in its rebuttal, NPCI discussed the larger issue of videos making fake claims.
-
Cryptocurrencies Present Risk to US Financial System, Will Require New Regulations: Federal Reserve Chair
US Federal Reserve Chair Jerome Powell said new forms of digital money such as cryptocurrencies and stablecoins present risks to the US financial system and will require new rules to protect consumers.
-
Ransomware Attack Encrypts South Africa’s Department of Justice, System Still Being Restored
South Africa's department of justice faced a massive ransomware attack earlier this month and it is reportedly still trying to restore its operations back to normal. The attack took place on September 6, 2021, when ransomware encrypted all the information systems provided by the department. This made all electronic services — including email and ...
-
Brazil Launches Pix Instant Payments System, Whatsapp to Enter Soon
Brazil's central bank on Monday launched an instant payments platform that will speed up and simplify transactions, as well as foster financial sector competition and lure in new players such as big techs Facebook and Google.
