The finance ministry, in a letter written to the chief executives of banks, has asked lenders to begin issuing near field communication (NFC)-enabled credit and debit cards...
In a major (and unexpected) development, the National Payments Corporation of India (NPCI) has asked banks to discontinue Aadhaar-based payments through the Unified Payments...
Despite the government’s push for of a cashless economy, Automatic teller machines (ATMs) remain a significant part of India’s drive for financial inclusion and as...
The Business Standard reports that banks are not paying payment companies their due of government-subsidized Merchant Discount Rate revenue (MDR). The report cites multiple banks...