National Payments Corp to launch three cards

Last Updated: Monday, September 7, 2015, 15:13

The company will launch a 'Mudra' card, a credit card and an international card, its Chairman M Balachandran told reporters here.

Infosys launches solutions for small finance, payments banks

Last Updated: Wednesday, September 2, 2015, 16:00

The two products -- Finacle Payments Bank and Finacle Small Finance Bank solutions -- are part of EdgeVerve Systems, the product subsidiary of Infosys, the country's second largest software services firm.

Payments banks: NPCI to ramp up capacity to 100 mn deals a day

Last Updated: Sunday, August 30, 2015, 14:58

"We are ramping up the switching capacity from 40 million per day to 100 million. We are fully geared for all the payments banks," its managing director and chief executive A P Hota said last week.

Payments banks Rs 14 lakh cr bonanza for infra sector

Last Updated: Sunday, August 30, 2015, 11:38

Payments banks can annually free up a whopping Rs 14 trillion in incremental credit for the fund-starved infrastructure sector, says a SBI Research report.

When HSBC technical glitch hit 275,000 payments!

Last Updated: Saturday, August 29, 2015, 12:23

A fault in the information used to process some payments from HSBC business customers has affected about 275,000 payments, a media report said.

SBI chief takes U-turn, says payments banks 'opportunity' for all

Last Updated: Tuesday, August 25, 2015, 23:31

In a U-turn from her earlier stated position on the entry of payments banks, SBI chief Arundhati Bhattacharya Tuesday said there is nothing negative about them and there is a huge opportunity for the entire banking system.

Payments banks could make banking sector be a 'dog-eat-dog' market: SBI chief

Last Updated: Monday, August 24, 2015, 22:50

State Bank of India (SBI) chief Arundhati Bhattacharya Monday again expressed fears over the entry of payments banks, saying they are agile and have an edge as they are not bound by industry-level wage agreements which can lead to 'a dog-eat-dog's world'.

SBI developing low-cost model to counter payments banks

Last Updated: Friday, August 21, 2015, 23:18

Country's largest commercial banking entity State Bank of India (SBI) is now developing a low-cost model to compete with payments banks.

Payments bank licence to leverage telecom, retail biz: RIL

Last Updated: Friday, August 21, 2015, 19:30

RIL on Friday said the payments bank licence will "leverage" its telecom business Reliance Jio's pan-India network and retail arm's model, even as its tie-up with SBI will help create the most extensive distribution network in India.

Payments banks may ring in better days for insurers, MFs

Last Updated: Thursday, August 20, 2015, 23:41

Insurers and fund houses see payments banks (PBs) as a boon for the sector as opportunities of cross-sell would help deepen their reach in rural areas.

Will use 'click & brick' model for payments bank: Mahindra

Last Updated: Thursday, August 20, 2015, 21:08

Tech Mahindra was among the 11 entities successful applicants that received the Reserve Bank's nod to set up payment banks as part of financial inclusion drive.

Payments banks to strengthen financial ecosystem: Kochhar

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

With RBI announcing 11 licences for payments banks, top private sector lender ICICI Bank on Thursday said the entry of these new entities would strengthen the overall financial ecosystem and also benefit existing banks.