Enter Samsung Pay? Smartphone giant seeks mobile payments spark

Last Updated: Wednesday, September 9, 2015, 08:44

The world`s top smartphone maker is trying to push into mobile payments, a sector seen by researcher IDC as being worth $1 trillion in 2017, as part of a drive to stem market share losses to Apple Inc , Huawei Technologies Co and Xiaomi Inc .

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.

Croatian bank selects Infosys software for payment service

Last Updated: Saturday, June 20, 2015, 20:30

The Finacle solution will also help the bank to comply with single euro payments area (SEPA) requirements and support Croatia`s harmonisation process with the European Union regulations and payment service directive.

Lok Sabha passes bill to bring payments law in tune with global norms

Last Updated: Tuesday, December 9, 2014, 19:22

A bill aimed at bringing India's banking payment system in sync with international practices was passed by the Lok Sabha Tuesday with Finance Minister Arun Jaitley saying the world would lack confidence if "obsolete laws" in the financial system exist in this country.

RBI issues final norms for uniform payment collection system

Last Updated: Friday, November 28, 2014, 21:59

The Reserve Bank on Friday came out with the final guidelines for the Bharat Bill Payment System (BBPS), which will help consumers pay multiple bills like electricity, telephone and school fees at a single point of transaction.

Punjab govt pays Rs 12,574 cr made through e-payment system

Last Updated: Thursday, October 10, 2013, 19:07

Punjab government today said with the computerisation of all treasury offices, the disbursement of more than Rs 12,574 crore to over 26 lakh beneficiaries has been made in six months.

Finnish firm launches payment system with face recognition

Last Updated: Saturday, July 20, 2013, 13:13

Finnish company Uniqul has developed the world`s first payment system which recognises customers` faces and helps them pay without having a wallet, credit card or mobile phone.

Online payment system for passport applicants in Guwahati

Last Updated: Thursday, June 13, 2013, 15:37

An online payment system for passport applicants would be introduced at the Passport Seva Kendra here from Friday.

RBI panel suggests setting up of common bill payment system

Last Updated: Wednesday, May 8, 2013, 00:11

An RBI panel today suggested setting up a common platform for payment of various bills, taxes, insurance premia, university and school fees.

Citibank brings in paperless payment system for cardholders

Last Updated: Monday, January 21, 2013, 13:59

Citibank India Monday announced a new paperless mobile payment system for all credit and debit card customers in India that would do away with the charge slips.

Routing codes for payment system serving purpose: RBI committee

Last Updated: Wednesday, January 16, 2013, 22:03

The existing routing codes for payments systems and clearing of cheques are serving their purpose and may be continued, an RBI committee said Wednesday.