You will soon be able to withdraw cash from digital wallets

It reduces the need to actually hold cash, giving a fillip to digitisation in the system. Illustration: Uttam Ghosh/Rediff.com The Reserve Bank of India (RBI) on Wednesday proposed to make......

Explained: What tokenisation means and how it will affect card users

The Reserve Bank of India (RBI) recently said no entity in the card transaction or payment chain, apart from the card issuers and card networks, will be allowed to store sensitive user data from......

How many ATMs were opened after DeMo?

179 million debit cards were issued during December 2016 to June 2018. A mere 2,000 ATMs were opened in the same period.Nikhat Hetavkar reports. The number of ATMs in India has remained flat and......

Oracle introduces IT solution for coop banks

Oracle introduced on Thursday complete and affordable IT solutions for the cooperative banks in the country.Oracle would provide back-office solutions to all the cooperative banks in partnership......