India’s proposed m-wallet rules don’t hinder Samsung Pay launch


While the Indian government works toward a digital economy, the Reserve Bank of India (RBI) is soliciting feedback through 31 March on guidelines for prepaid payment instruments (PPI) that could adversely affect issuers of prepaid products, including mobile wallets. Banking Technology‘s sister publication Paybefore reports that the biggest sticking points with industry players pertain to […]

Samsung Pay makes its India debut

Samsung Pay logo

Digital payments app, Samsung Pay, has been launched in India. Access is limited to those who signed up for the early access programme and available only on its mid-segment and flagship Samsung Galaxy devices.

Yes Fintech accelerator unveils 12 finalists

CEO is now Chief Cultural Transformation Officer

Yes Fintech, the accelerator programme of India’s Yes Bank, has unveiled its 12 finalists.

India to open payment interface, ease transactions between m-wallets


As India’s war on cash wages on, mobile wallets continue to reap the rewards. Although some experts suggested the advent of the Reserve Bank of India’s (RBI) Unified Payment Interface (UPI) platform could make mobile wallets obsolete, a new plan for interoperability could be a boon for Paytm, MobiKwik, Freecharge and other mobile wallet providers. […]

IDFC Bank launches “breakthrough” biometric payment app, IDFC Aadhaar Pay

IDFC Bank automates revenue management  with Suntec

India-based IDFC Bank has launched an e-payment app, IDFC Aadhaar Pay, developed in association with the Unique Identification Authority of India (UIDAI) and the National Payments Corporation of India (NPCI).

India’s fintech valley continues to boost profile


Vizag, the commercial capital of Andhra Pradesh, India, continues to build relationships and develop as a fintech centre.

HDFC Bank launches AI-powered virtual assistant Eva

HDFC Bank embraces AI

India’s HDFC Bank has partnered with Senseforth to launch an electronic virtual assistant – Eva – to answer customer queries. Powered by an artificial intelligence (AI) based engine, the chatbot is said to be able to “assimilate knowledge from thousands of sources and provide answers in simple language in less than 0.4 seconds”.

New treasury software deal for Infosys Finacle in India

New banking system project for Infosys Finacle in India

Federal Bank, a large private sector bank in India, is to overhaul its treasury operations with Infosys’ Finacle banking system, Banking Technology understands.

The Monday mindset: 6 March 2017

Banking Tech 2

Fintech zeitgeist! Every Monday, we might look back at last week; look ahead to this week; share a few thoughts (our own or others); or discuss anything that catches our eye. This week we welcome the views of guest writer Soumik Roy as he gives us the lowdown on electronic payments in India. India’s Prime Minister […]

Former Infosys top exec launches lending start-up


A former Infosys senior exec and venture capitalist has unveiled his new India-based lending start-up, Billionloans. V Balakrishnan, formerly in charge of BPO, Finacle and India business units at Infosys, has founded the firm with Rangan Varadan. The latter is also CEO of Indian peer-to peer microcredit firm MicroGraam – and Balakrishnan is an independent […]