Eight news stories.
• Should Kotak Mahindra Bank be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should Kotak Mahindra Bank be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
India’s ICICI, IDFC First and Kotak Mahindra banks have begun enabling selected merchants to accept contactless in-store payments made using the retail version of the prototype digital rupee as part of the first phase of the Reserve Bank of India’s retail central bank digital currency pilot... More
The Reserve Bank of India (RBI) is this week launching a pilot scheme in four Indian cities to test the retail version of its prototype central bank digital currency (CBDC) for both in-store and peer-to-peer transactions, the central bank says... More
The Reserve Bank of India (RBI) has begun testing a prototype wholesale central bank digital currency (CBDC) and will launch a pilot programme for a retail digital rupee with merchants and consumers in select locations “within a month”, the central bank says... More
Google Pay users in India can now make tokenized NFC-based credit and debit card payments at contactless POS terminals, starting with customers of Axis Bank and SBI “with Kotak and more banks expected to follow suit very soon”... More
Indian telecommunications giant Reliance Jio has begun piloting Jio Pay, a new UPI-enabled payments service which includes support for both NFC and QR mobile payments... More
“In the last 12 months alone, we’ve grown more than three times to 67 million monthly active users, driving transactions worth over US$110bn on an annualised basis, with hundreds of thousands of offline and online merchants,” Caesar Sengupta, vice president of Google’s next billion users initiative, has revealed... More
Google teams with HDFC Bank, ICICI, others for instant loans — Livemint — “Google Pay users will be able to access customised loans from HDFC Bank Ltd, ICICI Bank Ltd, Federal Bank and Kotak Mahindra Bank Ltd with minimal paperwork… Once users holding accounts with these banks accept the bank’s terms, the money will be transferred to their accounts.”
Kotak Mahindra Bank has launched a bank-agnostic payment service for Facebook that will enable 250 million Indian bank account holders to transfer money by choosing a recipient’s name from their friends list... More