rbi

Rs. 50,000 Cap On Mobile Transactions Removed By RBI: Brave Or Risky Move?

by | posted: December 26, 2011
In a bold new move, Reserve Bank of India (RBI) has allowed banks to give their customers flexibility to transact over Rs. 50,000 per day, using mobile banking. This move, timed perfectly to holiday season,...
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eBay Takes Over Zong With USD 240 Million

by | posted: July 11, 2011
In the year 2009, Accell and mCheck demonstrated contact less payment  via mobile device which was assumed to over-shadow debit cards and credit cards payment system. This chain of mobile payment system...
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By The End Of 2011, PayPal Expects To Process USD 3 Million In Mobile Payment

by | posted: June 27, 2011
It is reported that PayPal is currently expected to process USD 3 million in mobile payment or m-commerce by the end of 2011. According to the report, it is that PayPal now has over 8 million users...
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Paymate Brings Interbank Fund Transfer To All Phones

by | posted: June 7, 2011
Mobile Payment seems to be the hottest trend right now. In the past few weeks itself there have been a lot of announcements by companies ranging from Google to the Indian Postal Department taking a shot...
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RBI’s New Guidelines For PayPal: Purpose Code, PAN And Bank Account

by | posted: May 9, 2011
We had reported earlier that PayPal was staying in India despite RBI (Reserve Bank Of India) guidelines. Today we were informed yet another notification released by RBI for all PayPal users in India. These...
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Now Make Use Of Mobile Payments To Pay Amount Upto Rs.50,000 – Reports RBI

by | posted: May 5, 2011
RBI (Reserve Bank of India) have decided to increase the limit of money loading from the existing limit of Rs.5,000 to Rs.50,000 allowing the customers to pay any type of service via mobile phone, m-wallet. RBI’s...
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Despite RBI Ruling PayPal Positive In India Due To Growing Market

by | posted: April 14, 2011
Despite it’s current problems with RBI(Reserve Bank Of India) it seems PayPal is staying in India believing the substantial growth of the country in the usage of internet and credit cards. One of...
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Airtel Launches Mobile Wallet Service – Airtel Money

by | posted: January 31, 2011
It was only a matter of time after Bharti got the go ahead from the RBI in September last year. Today, the company announced that starting with Gurgaon it will launch its Mobile Wallet service across the...
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PayPal’s Tweaked Terms Leave Indian Users Unhappy!

by | posted: January 31, 2011
If you are a PayPal user you probably received some unpleasant news from the company late on Friday night. In order to comply with RBI guidelines for processing and settlement of export related receipts...
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India To Have Encrypted SIM Cards?

by | posted: November 3, 2010
As if Google’s Street View Cars’ “accidental” capturing of WiFi data wasn’t enough of a warning sign by itself. The FireSheep incident clearly showed us how dangerous it can...
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RBI Says Yes To Bharti Airtel For Mobile Payments – Your Mobile Will Be Your Wallet!

by | posted: September 16, 2010
So it was only a matter of time. India unlike US isn’t a credit card economy as the entire retail is fragmented and also credit isn’t something Indians are used to. This makes us one of the...
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Mobile, Internet Help Increase Electronic Payments In India – RBI Reports

by | posted: August 26, 2010
Mobile technology, coupled with increasing internet penetration, either through computers or mobile phones, has helped increase the percentage of electronic payments as compared to paper payments as per...
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Paypal India Discontinues Electronic Transfer – Withdraw Payments Via Cheques Only

by | posted: July 28, 2010
Paypal had major plans to grow in Asia. Though successful in most Asian countries, India has always been a problem for Paypal. Though the online payment gateway giants have been in the country for more...
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Phishing Forces RBI To Seek CBI Help

by | posted: July 13, 2010
You would probably have heard the word phishing in relation to cyber crime. It has been actively used by cyber criminals trying to dupe people of their money. This menace has been increasing with more...
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FINO Launches FINO-MITRA To Exploit Mobile Banking In India

by | posted: August 11, 2009
FINO (Financial Information Network & Operations Ltd.) has launched FINO-MITRA, a Mobile enabled banking solutions especially for rural masses. According to a research by FINO, Mobile Banking users...
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“Mobile Banking could be the Future of Microfinance”

by | posted: May 2, 2008
Vikram Akula, founder and CEO of SKS Microfinance in a freewheeling interview with IndiaKnowlege@Wharton presented some insights with respect to the future of mobile banking in India and how it can...
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