Major flaws with security checks have led to some banks mistakenly flagging first-time online grocery orders as suspected fraud. The payment is then blocked and the order is then often cancelled.
I fell for a sales pitch from Easytrade.biz, and now am unable to withdraw any money. I have filled in several withdrawal forms, but it never happenes.
My son has been laid off due to the coronavirus, so he contacted Suzuki Finance to arrange a one-month payment holiday. It agreed to this, but said it will charge him £51 for this month.
These fintech firms are using past payment behaviour and current transactions to validate customers facing genuine difficulties
Country's largest commercial banking entity State Bank of India (SBI) is now developing a low-cost model to compete with payments banks. "We are working out on a low-cost structure to compete with the payments banks for getting access to people ...
Such banks can collect deposits (initially up to Rs 1 lakh per individual), do internet banking, facilitate money transfers, and sell insurance and mutual funds
Farmers and arhtiyas (commission agents) in Ambala district are demanding payment for wheat for this season, citing that for want of money, the farmers are unable to prepare fields for the next crops.
The 2020 Formula One championship has been thrown into turmoil since the covid-19 crisis swept around the world.
Hyundai India has announced a unique ‘EMI Assurance' program due to the Covid-19 pandemic in the country. The new initiative supports working individuals with repayment of car loans in case any employment uncertainty.
Top fintech companies are, therefore, rushing to tap into this new consumer trend, with several of them offering digital solutions to small merchants. These range from instant loans to digital billing to even geotagging, as companies believe the merchant digitisation business will boom when the lockdown eases.
Reserve Bank of India is likely to issue the licence for either Small or Payments Banks by August
Faced with acute funds crunch and a 90% drop in tax mop up due to the lockdown in April, the state government has been left with no choice but to stagger payments. From maintenance grants for aided schools to payments to contractors, temporary workers and non-essential disbursements, have all been put on hold.
There are concerns about the group’s ability to pay, especially as stores are functioning amid tight restrictions.The pandemic has caused long-term store closures across the group’s apparel, fashion, and other high-margin verticals
Airtel Payments Bank customers can also do financial transactions at any Aadhaar-enabled payment system.One can make a transaction with just Aadhaar number without revealing bank account or debit card details