Revolutionizing the Payment Landscape: CRED’s New Offline QR Code Scan & Pay Service In a significant development in the realm of digital payments, CRED, the popular credit card bill payment platform, has introduced a groundbreaking feature – the Offline QR Code Scan & Pay service. This innovative offering is poised to transform the payment landscape…
RBI’s Guidelines for Voluntary Transition of Small Finance Banks to Universal Banks The Reserve Bank of India (RBI) recently released guidelines regarding the voluntary transition of small finance banks to universal banks. These guidelines come as a significant development in the banking sector and have implications for various stakeholders. Introduction to the Guidelines The RBI’s…
RBI Guidelines for SFBs Transitioning to Universal Banks In a significant move, the Reserve Bank of India (RBI) has recently issued guidelines for Small Finance Banks (SFBs) aiming to transition into Universal Banks. This decision marks a pivotal moment in the Indian banking sector, with implications for both financial institutions and aspiring candidates preparing for…
IndusInd Bank’s Pilot Program with RBI’s Programmable CBDC: Revolutionizing Agricultural Finance IndusInd Bank has embarked on a groundbreaking initiative in collaboration with the Reserve Bank of India (RBI) by launching a pilot program utilizing the central bank’s Programmable Central Bank Digital Currency (CBDC). This innovative endeavor seeks to transform the landscape of agricultural finance, offering…
NABARD-RBI Innovation Hub Partnership Accelerates Digital Agri-Lending In a significant stride towards digitizing agricultural lending processes, the National Bank for Agriculture and Rural Development (NABARD) has joined forces with the Reserve Bank of India (RBI) Innovation Hub. This collaboration aims to foster innovation and technological advancements in the domain of agricultural finance, facilitating smoother lending…
Revolutionizing Payment Infrastructure: Razorpay and Airtel Payments Bank Introduce UPI Switch In a significant stride towards revolutionizing the payment infrastructure, two major players in the Indian fintech realm, Razorpay and Airtel Payments Bank, have collaborated to introduce UPI Switch. This innovative initiative aims to streamline and enhance the digital payment experience for users across various…
Rupay Launches “Link It Forget It” Campaign at IPL 2024 to Promote Credit Card on UPI In a strategic move aimed at tapping into the burgeoning digital payment market in India, Rupay has launched its innovative “Link It Forget It” campaign during the IPL 2024 season. The campaign aims to promote the usage of credit…
Airtel Payments Bank Launches NCMC-Enabled Debit and Prepaid Cards Airtel Payments Bank, one of India’s leading digital banks, has recently unveiled National Common Mobility Cards (NCMC)-enabled debit and prepaid cards. This move aims to facilitate seamless transactions for users across various segments, including transportation, retail, and online shopping. The introduction of NCMC-enabled cards marks a…
RBI Expands Gold Hedging Options for Residents Amidst Price Surge The Reserve Bank of India (RBI) has recently announced an expansion in gold hedging options for residents amidst a significant surge in gold prices. This move comes as a response to the growing demand for hedging mechanisms among residents to mitigate risks associated with gold…
Revolutionizing Horticulture Subsidies: Introducing CDP Suraksha In a significant move towards modernizing horticulture subsidies, the government has introduced the Comprehensive Development Programme (CDP) Suraksha. This initiative aims to streamline the distribution of subsidies and benefits to farmers engaged in horticulture activities. With a focus on leveraging technology and promoting transparency, CDP Suraksha is set to…
