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SBI launches mobile wallet app 'Buddy'

Last Updated: Tuesday, August 18, 2015, 16:28

The service will be available to existing as well as non-SBI customers.

Citrus Payment guns for $4 bn GMV strike rate in FY16

Last Updated: Sunday, August 16, 2015, 20:10

Sequoia Capital-backed Citrus Payment Solutions, which operates online checkout and payment solution Citrus Pay, is looking to double its gross merchandise value (GMV) run rate to about USD 4 billion by the end of the fiscal.

Greece makes loan interest payment to IMF

Last Updated: Friday, August 7, 2015, 02:43

Greece made a loan interest payment due Thursday to the International Monetary Fund, the institution said, avoiding another default as the debt-riddled country negotiates a third rescue plan.

SpiceJet launches EMIs payment system for air tickets

Last Updated: Thursday, July 23, 2015, 21:56

Budget airline SpiceJet Thursday offered its customers a convenient post-paid scheme, which allows a flier to make the ticket payment in equated monthly installments (EMIs) at an interest rates as low as 12-14 percent.

RBI sets up panel for action plan on financial inclusion

Last Updated: Wednesday, July 15, 2015, 20:21

The Reserve Bank has set up a committee to work out a five-year action plan to spread the reach of financial services to unbanked population.

Sunil Mittal favours payment bank licence for telcos over banks

Last Updated: Tuesday, July 14, 2015, 21:08

Pitching for payment bank licence for telcos, telecom tycoon Sunil Bharti Mittal on Tuesday said traditional banks will not be able to deliver financial services to the lower end of the population without incurring huge losses.

Uber restarts credit card payments in India

Last Updated: Monday, July 13, 2015, 12:42

According to the Techcrunch.com, the company has partnered with mobile payment processing company MobiKwik to resume card payment along with support for debit cards.

Europeans tried to block IMF debt report on Greece: Sources

Last Updated: Saturday, July 4, 2015, 08:58

Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece`s debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday.

Greeks deeply divided heading into crucial vote

Last Updated: Saturday, July 4, 2015, 08:55

Tens of thousands of Greeks took to the streets on Friday in rival rallies that laid bare the deep divide heading into a referendum that may decide the country’s future in Europe’s single currency.

Factbox: What looms for Greece after referendum

Last Updated: Friday, July 3, 2015, 14:19

Greek Prime Minister Alexis Tsipras`s plan to hold a referendum on Sunday on creditors` demands for austerity has prompted a breakdown in talks with lenders, forced Greece to shut banks and left its future in the euro in doubt.

Greece debt crisis may disrupt its food and wine trade, warn experts

Last Updated: Friday, July 3, 2015, 12:41

Greece`s beleaguered agriculture sector may take another hit as the uncertainty over the crisis-stricken country`s fate threatens to disrupt the food and wine trade, experts have said.

Greece issue not greasy for India: Raghuram Rajan

Last Updated: Thursday, July 2, 2015, 18:40

India`s exposure to cash-strapped Greece was very limited and the central government was in talks with the central bank on providing additional capital to public sector banks, a top Reserve Bank of India (RBI) official said on Thursday.