India and Singapore to link their fast payment Systems ‘UPI-PayNow’

The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) announce a project to link their respective fast payment systems viz. Unified Payments Interface (UPI) and PayNow. Linkage of these two fast payment systems is a significant milestone in the development of infrastructure for cross-border payments between India and Singapore and closely…

ATMs: What does White Label, Brown Label, and On-line, off-line ATM mean?

Updated and re-posted on 11.06.2021 Automated Teller Machines (ATMs) are the alternative banking channels available to bank customers primarily for withdrawal of cash. The money can be withdrawn from ATM at any point of time round the clock convenient to the bank customers. The Automatic Teller Machines are generally identified as White Label, Brown Label,…

Know these 45 types of digital payment options available to consumers in India

Digital payment methods are a good alternative to traditional methods of cash payment and speeden up transaction cycles from person to person, person to business, person to government, Government to person,business to business, business to Government etc. The Global report of US-based payment systems company ACI on payment trends states that in the year 2020…