To begin with, let us first discuss what NACH or mandate means. National Automated Clearing House (NACH) is a set of instructions that you give to your banks or financial institutions to allow them to debit the informed amount from your bank account. This is otherwise called as Mandate. If banks perform the mandate process […]
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With Technological developments aboard, the necessity of data security has been a need of the hour. So, NPCI has introduced the NTS (NPCI Tokenization system) with the main focus of securing the data of customers from merchants. The merchants should securely hold the card details or any sensitive information of the account holders with due diligence. […]
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Open data is information that anybody can use, re-use, and redistribute it freely, except for attribution and share-alike requirements. Although a growing amount of low-income people are adopting formal financial methods, many aren’t taking advantage of all its advantages. New platforms for sharing data and payment adaptability could foster innovation by giving access to client […]
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On this edition of Payments Insider, we are bringing you a brief view on Tokenization. This RBI recommended method is creating buzz everywhere and we knew you’d have questions. What is tokenization? A merchant would send the credit card number to a trusted partner, such as your payment gateway, via encryption. In turn, the payment […]
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As part of CAMSPay’ s Payments Insider webinar series, our latest broadcast discussed how digital payments impact NBFCs disbursement and collection methods. Our panel included: Guest Speaker: Dhiraj Agarwal, Senior Vice President and CEO of Two-wheeler and Electric Vehicles business at Manappuram Finance Limited Guest Speaker: Shantanu Rege, COO of Mahindra Housing Finance Limited Moderator: […]
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