India has a variety of online methods available for transferring money, including digital wallets and UPI. However, with increasing incidents of cyber fraud leading to monetary losses, it is important ...

Most individuals use one or the other method of online money transfer in their lifetime. The convenience of transferring money online helps an individual in making most out of the modern ...

The country’s largest bank, which has about 25 per cent market share, has also decided to do away with the charges on fund transfer through mobile phones using the IMPS (immediate payment service) ...

The Reserve Bank of India's proposed lightweight payment and settlement system (LPSS) will introduce a paradigm shift in the Indian payment landscape. In its annual report for 2023-24, the central ...

The Reserve Bank of India (RBI) has introduced new changes in NEFT and RTGS systems for Foreign Contribution (Regulation) Act (FCRA) related transactions. This comes after the Home Ministry mandated ...

The Reserve Bank of India (RBI) announced on Monday the launch of a new beneficiary bank account name verification feature for both the Real Time Gross Settlement (RTGS) and National Electronic Funds ...

Digital payments are transactions conducted through digital or online mediums, utilizing electronic methods for money exchange between the payer and the payee. In India, there is a diverse range of ...

Currently, the Unified Payments Interface (UPI) and Immediate Payments Service (IMPS) systems enable a remitter to verify the name of the beneficiary before initiating a transfer The RBI has asked the ...

RTGS system had processed its highest ever volume of 16.25 lakh transactions in a day on 31 March 2023. NEW DELHI: The National Electronic Funds Transfer (NEFT) system achieved a milestone on February ...