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About Project On Online e Pay
Here are the key points about the digital payments industry in India: - The Reserve Bank of India introduced the concept of payments banks in 2015 to encourage digital and financial inclusion in India. 11 entities were given in-principle licenses to launch payments banks. - Payments banks can accept deposits up to Rs. 200,000 per customer but cannot issue loans or credit cards. They can offer services like ATM/debit cards, online/mobile banking. - Bharati Airtel launched India's first payments bank in 2017. Other major players include Paytm Payments Bank, Jio Payments Bank, Fino Payments Bank. - Digital payments saw a boost in India with the government's push for
Detailed Information
| Author: | ['Amaan Razvi'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 49 |
| Language: | English |
| Format: | |
| Price: | FREE |
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