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Online automatic transactions will not fail from April 1, RBI extends deadline by 6 months

Online automatic transactions will not fail from April 1, RBI extends deadline by 6 months
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United statesVishwas patelIndian bank associationAmerican expressPayments councilBank cardsReserve bankAdditional factor authenticationStanding instructionsMobile payCouncil of indiaஒன்றுபட்டது மாநிலங்களில்விஸ்வாஸ் படேல்இந்தியன் வங்கி சங்கம்அமெரிக்கன் எக்ஸ்பிரஸ்கொடுப்பனவுகள் சபை

Automatic recurring payment to comply with RBI direction from April 1

Automatic recurring payment to comply with RBI direction from April 1
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Vishwas patelPayments councilCome aprilAdditional factorPrepaid payment instrumentsUnified payments interfaceCouncil of indiaChairman vishwas patelReserve bankInfibeam avenuesவிஸ்வாஸ் படேல்கொடுப்பனவுகள் சபைவாருங்கள் ஏப்ரல்ப்ரீபேட் கட்டணம் கருவிகள்ஒருங்கிணைந்த கொடுப்பனவுகள் இடைமுகம்சபை ஆஃப் இந்தியா

Amazon Joins ICICI Bank and Axis Bank NUE Consortium: Report

Amazon is joining hands with ICICI Bank and Axis Bank and several others to create a national payments network that will rival the NPCI's UPI platform

Jio infocommNavin suryaVishwas patelAxis bankTata groupNational payments corporation of indiaNational stock exchangeNational payments corporationEconomic timesNew umbrella entityReserve bankPayments interfaceVisa indiaPine labsAmazon payReliance jio infocomm

Government Flags SBI-BoB-HDFC Bank Payments Consortium: Report

The Finance Ministry has raised concerns over the SBI, HDFC Bank and BoB combine which reportedly plans to jointly apply for a New Umbrella Entity (NUE) license

Jio infocommNavin suryaVishwas patelTata groupNational financialNational payments corporation of indiaFinance ministryState bankNew umbrella entityReserve bankEconomic timesNational payments corporationReliance jio infocommPayments interfaceNational financial switchSettlement systems

Budget 2021: Rs1,500 crore for digital payments industry to offset MDR losses

Budget 2021: Rs1,500 crore for digital payments industry to offset MDR losses SECTIONS Share Synopsis The finance minister had in Budget 2019 waived off merchant discount rates (MDR) on UPI and RuPay transactions, to give a fillip to digital payments. Getty Images Mumbai: India’s burgeoning digital payments industry received a budget boost from Finance Minister Nirmala Sitharaman by way of a Rs 1,500 crore fund earmarked for the growth of the sector and to “incentivise” businesses deploying solutions. Industry chief executives and experts told ET that the newly announced fund could be the much sought-after “compensation” for the losses incurred by the industry on account of the waiver of Merchant Discount Rates (MDR) on UPI and RuPay transactions announced by the finance minister in her first budget in 2019.

Nirmala sitharamanBamrish rauVishwas patelVijay shekhar sharmaPayment council of indiaInfrastructure development fundUnion budgetNational payments corporation of indiaFinance minister nirmala sitharamanMerchant discount ratesPayment councilReserve bankNational payments corporationPine labsஅம்ரிஷ் ரௌவிஸ்வாஸ் படேல்