Thursday, March 28

Tag: E-Banking

Prime Minister Unveiled 2 Lucky Draw Schemes To Promote Cashless India Vision
INDIA

Prime Minister Unveiled 2 Lucky Draw Schemes To Promote Cashless India Vision

With an eye on cashless economy, Prime Minister Narendra Modi today unveiled two schemes "Lucky Grahak Yojana and Digi Dhan Vyapaar Yojana" for customers and traders alike to promote mobile banking and e-payments. Making his last monthly address this year in his Mann ki Baat programme, he said there is "an atmosphere of curiosity" in the country as to what is cashless, how cashless business can take place and how one can make purchases without using cash. "To encourage this trend, strengthen mobile banking and inculcate the habit of making e-payments, the government is launching from today encouragement schemes for consumers as well as traders. To encourage customers, the scheme is Lucky Grahak Yojana and to encourage traders, the scheme is Digi Dhan Vyapaar Yojana," he said. Modi...
SBI Launched mVisa, a Mobile-Based Payment Solution App
News

SBI Launched mVisa, a Mobile-Based Payment Solution App

State Bank of India (SBI), India's largest commercial bank launched mVisa, a mobile-based payment solution app. The app would enable customers to make cashless payments simply by scanning the unique merchant quick response (QR) code at shopping outlets. mVisa is a mobile based payments solution that would facilitate payments by scanning the QR code from the merchant's mobile. SBI customers, including debit card holders and internet banking customers who have transaction rights, can now make payments to merchants by scanning the code. This would eliminate the need to swipe physical cards at a card swiping machine. "With availability of smart phone increasing by leaps and bounds, Mobile-based payments in India have to rise in a big way. Introduction of mVisa, a convenient scan and pay-...