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NPCI rolls out UPI AutoPay for recurring payments

News | Online Payments | 23 Jul 2020

The National Payments Corporation of India (NPCI) has launched the UPI AutoPay feature to facilitate the process of recurring payments.

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HDFC Bank, Innoviti provide one-stop UPI and Bharat-QR solutions

News | Mobile Payments | 18 Feb 2020

India-based HDFC Bank and Innoviti Payment Solutions have partnered to extend the bank’s DigiPOS suite of services across Innoviti POS terminals.

HDFC Bank, Innoviti, UPI, Bharat-QR solutions, QR payments, mobile payments, India, Asia, APAC, POS, mobile PoS

HDFC Bank violates KYC norms; RBI imposes penalty

News | Digital Identity, Security & Online Fraud | 31 Jan 2020

The Reserve Bank of India (RBI) has imposed INR 1 crore penalty on HDFC Bank for non-compliance with KYC norms. 

RBI, monetary penalty, HDFC Bank, KYC, norms, compliance, banks, due diligence, accounts

Reserve Bank of India fines HDFC Bank for KYC norms violation

News | Digital Identity, Security & Online Fraud | 19 Jun 2019

Reserve Bank of India has revealed it fined the private sector lender HDFC Bank INR 1 crore for not reporting frauds and non-compliance with other directions.

Reserve Bank of India, fine, India, HDFC Bank, violation, KYC, norms, compliance, fraud, bills, BoEs, currency monetary penalty, regulations

ICICI, Axis, HDFC Bank, and more to launch blockchain-linked funding for SMEs

News | E-invoicing, SCF & E-procurement | 29 Jan 2019

A group of 11 banks have planned to launch India`s first blockchain-linked funding for small and medium enterprises (SMEs).

ICICI Bank, Kotak Mahindra Bank, Axis Bank, HDFC Bank, RBL Bank, YES Bank, Standard Chartered Bank, South Indian Bank, blockchain, SME, funding, India, banks, SCF, underbanked, credit