Loan Singh Explains – The Purpose of Payments Bank in India

Loan Singh Explains – The Purpose of Payments Bank in India

Introduction In the middle of September 2017, the Airtel Payments Bank announced its integration with United Payments Interface (UPI). This made Airtel Payments Bank the first of its kind to integrate with UPI. We get many queries related to payments bank and today we plan to answer each of those. Loan Singh is a digitalRead more about Loan Singh Explains – The Purpose of Payments Bank in India[…]

Loan Singh Explains – The Concept of Payments Bank in India

Loan Singh Explains – The Concept of Payments Bank in India

Introduction On 17th September 2017, Airtel Payments Bank announced its integration with United Payments Interface (UPI). This made Airtel Payments Bank, the first of its kind, to integrate with UPI. This collaboration gives us an opportunity to learn about payments bank and its purpose. Loan Singh is a digital lending platform with a mission toRead more about Loan Singh Explains – The Concept of Payments Bank in India[…]

Loan Singh Explains – The Concept of UPI (Unified Payments Interface)

Loan Singh Explains – The Concept of UPI (Unified Payments Interface)

  Introduction It was reported yesterday, that Airtel Payments Bank has integrated the Unified Payments Interface (UPI) on its platform. This will allow Airtel’s customers to make secure digital payments and transfers. This makes Airtel the first payments bank in the country, to do so. As per Dilip Asbe, the Chief Operating Officer at NationalRead more about Loan Singh Explains – The Concept of UPI (Unified Payments Interface)[…]

India Post Payments Bank to start selling Insurance and Mutual Funds

India Post Payments Bank to start selling Insurance and Mutual Funds

  “The India Post Payments Bank will start selling Mutual Funds and Insurance products of other companies by March next year”, said Chief Executive A P Singh. As per RBI norms, Payments banks have to focus on providing basic financial services such as deposits up to 1 lakh along with utility bill payments etc. Source: EconomicRead more about India Post Payments Bank to start selling Insurance and Mutual Funds[…]

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?[…]