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India’s Unified Payments Interface (UPI) has integrated with PayNow to allow the India diaspora in Singapore to send remittances to recipients in India.
remittance, transactions , partnership, cross-border payments
India-based credit infrastructure provider FinBox has partnered with IIFL to offer the latter its AI-powered credit decisioning platform, Sentinel.
online banking, digital banking, credit access, artificial intelligence, machine learning, partnership, product launch, mobile banking
India-based Pine labs has partnered with ICICI Bank to accept digital rupee payments at its point-of-sale (PoS) terminals.
cryptocurrency, CBDC, banks, partnership, blockchain
India-based banks ICICI, IDFC First and Kotak Mahindra have begun testing in-store payments using the retail version of the digital rupee.
banks, cryptocurrency, CBDC, digital payments
The Reserve Bank of India has launched CBDC pilots in the wholesale and the retail segment, with the retail one including blockchain-based components.
CBDC, digital assets, cryptocurrency, retail banking, blockchain
The Reserve Bank of India (RBI) has started to prepare the rollout of a retail digital rupee pilot following a testing phase of the wholesale usage of its CBDC.
cryptocurrency, CBDC, central bank, crypto asset
The Reserve Bank of India has announced plans on a phased introduction of a central bank digital currency and will put forth a final design after it has conducted large scale pilot projects.
CBDC, central bank, digital currency, fintech, cryptocurrency, crypto asset
The Reserve Bank of India (RBI) has consulted with public sector banks and fintechs such as FIS in order to test out a central bank digital currency.
banks, CBDC, cryptocurrency, digital assets
India-based acquirer BOB Financial and Snapdeal have partnered with National Payments Corporation of India (NPCI) and JCB to launch the Snapdeal BoB JCB RuPay credit card.
partnership, credit card, loyalty programme, cashback, EMI licence
The Central Bank of India has selected India-based digital KYC platform Kwik.ID to implement its solution for the bank’s network across the country.
central bank, KYC, eKYC, KYC utility, digital identity, digitalisation, digital verification
India-based acquirer BOB Financial has partnered with NPCI to launch BoB Credit Cards (Easy and Premier variants) on the JCB network, supporting global card acceptance.
JCB, NPCI, partnership, credit card, product launch, loyalty programme
BOB Financial, a subsidiary of Bank of Baroda (BoB), has partnered with National Payments Corporation of India (NPCI) to launch BoB Credit Cards on the RuPay platform.
partnership, banks, credit card
Xoom, UPI, payments , remittances, India
BOB Financial Solutions Limited (BFSL), a wholly owned subsidiary of Bank of Baroda, has selected Fiserv, to support the digitisation of their end-to-end card issuance and processing cycle.
BFSL, FirstVisionTM, Fiserv, card issuing, cards, ecommerce, cards processing, India, payments , partnership, BOB Financial Solutions Limited, Bank of Baroda
The National Payments Corporation of India, NPCI, launch, UPI AutoPay, India, recurring payments, online transaction, e-mandate, auto-pay, UPI ID, QR, Intent, merchants, Axis Bank, Bank of Baroda, HDFC Bank, HSBC Bank, ICICI Bank
Following a 0.75% reduction in the repo rate announced by the Reserve Bank (RBI), Indian Bank has decided to cut its lending rates.
Reserve Bank, RBI, Indian Bank, lending rates, interest rates, Bank of Baroda, pandemic, consumer loans, banking, India
Municipal Corporation of Greater Mumbai (MCGM) in India, a local civic body, has contracted Bank of Baroda for online payments, according to Electronic Payments International.
Municipal Corporation of Greater Mumbai, Bank of Baroda, online payments
Emirates NBD, First Abu Dhabi Bank, and Bank of Baroda have announced that they will start issuing RuPay cards in the UAE.
RuPay, card, UAE, Middle East, India, Emirates NBD, First Abu Dhabi Bank, Bank of Baroda
India-based car maker Maruti Suzuki India has announced signing of a MoU agreement with Bank of Baroda for dealer inventory financing.
Maruti Suzuki, Bank of Baroda, dealer inventory financing, India, partnership, supply chain finance, automotive industry, MoU agreement
A group of 11 Indian banks have teamed up to unveil a blockchain-linked funding for SMEs.
banking, blockchain, digital, innovation, lending, partnerships, SME ICICI, AXIS, HDFC, Kotak Mahindra, YES Bank, Standard Chartered, RBL, South Indian Bank, IndusInd Bank, State Bank of India, Bank of Baroda, Asia, India