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Vodafone M Pesa

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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......

Vodafone Idea to close m-pesa biz, writes off Rs 210 cr

Vodafone m-pesa was one of the 11 firms that was given payments bank licence by the Reserve Bank of India in 2015. Vodafone Idea Ltd has decided to close m-pesa vertical following the closure of......

Airtel overcomes Jio challenge; adds 1 mn users

The incumbent operators faced the onslaught of free offers and cheaper rates from Jio. With the telecom industry stabilising after the disruption caused by Reliance Jio, customer attrition from......

The future of digital payment

E-commerce companies have understood the importance of having their own in-house wallet, explaining their acquisition spree, says Manoranjan Mohapatra. In India cash in circulation amounts to 18......

Not perturbed over withdrawal of Payments Bank licences: Rajan

Reserve Bank of India Governor Raghuram Rajan on Tuesday said he is not ‘overly perturbed’ by surrender of Payments Bank licences by some companies but indicated that there could be a......

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