Airtel Launches India’s First Payments Bank
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Airtel Launches India’s First Payments Bank

The Airtel Payments Bank became the first payments bank to begin operations in India on Wednesday, rolled out a pilot of its banking services in Rajasthan. “The pilot is aimed at testing systems and processes ahead of a full scale pan Indian launch,” the company said in a statement.  Airtel Banking …

Banks waive MDR for all debit cards till Dec 31
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Banks waive MDR for all debit cards till Dec 31

As people continue to face cash crunch after the scrapping of high value notes, the Union government on Wednesday decided to waive off MDR (Merchant Discount Rate) charges on use of debit cards and service charges on online Railway ticket booking till December 31. “Public sector banks and some private sector banks …