Payments Bank. What Is It? And Which Banks Have It?

Payments Bank. What Is It? And Which Banks Have It?

  Airtel set up the first payments bank in India in November 2016, a game changer for Digital India. Payments Bank will redefine banking in India and serve as the first step towards formal banking. They target migrant labor, young professionals and small businesses, offering them savings accounts and remittance services with low transaction costs.Read more about Payments Bank. What Is It? And Which Banks Have It?[…]

UPI (United Payments Interface) – Understanding its features and application

UPI (United Payments Interface) – Understanding its features and application

After ‘Amazon’s UPI payment acceptance’, we now have WhatsApp allowing payments via UPI.  The e-commerce major now allows customers to register via a UPI enabled smartphone. Payments can be made on Amazon using the customer’s respective UPI ID. This payment method is available via the Amazon mobile app and for values up to Rs.10,000 orRead more about UPI (United Payments Interface) – Understanding its features and application[…]