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RBI doubles Cap on mobile transactions
So we had blogged recently on the RBI guidelines for mobile payments and also mentioned that it wasn’t the final guidelines but was subject to review. So RBI has gone ahead and doubled the cap its had earlier put on the transactions via mobile. It has increased the daily transaction [...]

According to the latest guidlines drafted by RBI banks may soon have to issue separate M-Pins for customers who wish to use their mobiles for making payments. With mobile payment players like paymate, mchek, ngpay and others lining up to offer mobile payments solution its only natural that the banks collaborate and make another convenience [...]