New recurring payment norms: 4 weeks later, people still face disruptions

More than three weeks have passed since the Reserve Bank of India’s (RBI's) new guidelines on e-mandates for recurring payments came into effect but consumers are still taking to social media......

COVID-19 opening new doors to fintech companies

The coronavirus pandemic has changed how businesses look at payments. Earlier, fintech companies said when they were talking to merchants, they were not interested in digitisation. Illustration:......

Will UPI in a new avatar make digital payments safer?

Apart from SBI, UPI 2.0 partner banks are HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, YES Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank and HSBC. The National Payments......

RBI wants customers' financial data stored in India

Experts say the new guideline is likely to hurt foreign players more, especially card companies such as Visa, MasterCard and American Express who process and store credit card transaction data......