RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed. Illustration: Uttam Ghosh/Rediff.com The......
Vodafone m-pesa was one of the 11 firms that was given payments bank licence by the Reserve Bank of India in 2015. Vodafone Idea Ltd has decided to close m-pesa vertical following the closure of......
The incumbent operators faced the onslaught of free offers and cheaper rates from Jio. With the telecom industry stabilising after the disruption caused by Reliance Jio, customer attrition from......
E-commerce companies have understood the importance of having their own in-house wallet, explaining their acquisition spree, says Manoranjan Mohapatra. In India cash in circulation amounts to 18......
Reserve Bank of India Governor Raghuram Rajan on Tuesday said he is not ‘overly perturbed’ by surrender of Payments Bank licences by some companies but indicated that there could be a......