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It's back to the drawing board for payment banks

 RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed. Illustration: Uttam Ghosh/Rediff.com The......

As user base shrinks, m-wallets put smart money on diversification

 The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation. If the Reserve Bank of India’s representative data on prepaid payment instruments......

E-wallets plan to become more than just digital money providers

 With the arrival of new players such as Amazon Pay, Google Tez and Flipkart’s PhonePe, digital money companies are now changing their business pitch. From facilitating loans to providing......

Soon, you can pay utility bills at a nearby supermarket

 Soon, one will be able to pay electricity bills at the local supermarket, while buying groceries, with the Reserve Bank of India (RBI) allowing the setting up of payment banks.   By RBI......

Average Paytm wallet balance before demonetisation: Rs 22

 IMAGE: Many people use mobile wallets only to avail discounts or cashbacks and did not store money in the wallets. Photograph: Shailesh Andrade/Reuters. Sai Manish & N Sundaresha......

Proteas pick Pitbull's 'Fireball' as theme song in quest for WT20 glory

 A clip of the newly produced music video featuring South African cricketers Faf du Plessis and AB de Villiers along with teammates featuring Pitbull's 'Fireball'. Cricket South Africa on Monday......

New school, water supply, toilets: Tendulkar set to transform Donja village

 Sachin Tendulkar will adopt the Donja village in Osmanabad, where he will oversee the development of a new school building, a water supply scheme that would provide potable water to each household,......

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GUJARAT, HIMACHAL GO TO POLLS

 The Bharatiya Janata Party was on Thursday poised for a landslide victory in Gujarat to retain...
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