innovationinbanking

          RiddhiSiddhi Bullions has a mandate to open 50,000 ATMs all over India.           The rollouts started in November 14 and as on April 15 end, it has 77 ATMs.           The brand name of its ATMs is State ATM .           The rollout is being handled by Raha Payment Solutions Private Limited.  Mr. Abhishek Bafna, Director is spearheading the rollout plans on behalf of RiddhiSiddhi Bullions Ltd.           The pan-India rollout plan is going slow, as the number of footfalls in the ATMs is not upto the mark.  Low footfalls increase the operating costs.             

Since November 2014, residents of Andhra Pradesh can purchase Sand through a Government designated agency i.e Society of the Elimination of Rural Poverty (SERP). Objective: The objective of the scheme is to sale a valuable natural resource i.e Sand in a transparent manner. Q: Why SERP? Ans:  SERP established by Government of Andhra Pradesh is a sensitive support structure to facilitate poverty reduction through social mobilization and improvement of Livelihoods of rural poor in Andhra Pradesh. The Self Help Groups under SERP play in an important role in the sale of sand in Andhra Pradesh. 11 tips for successful Sand purchase through Andhra Pradesh Sales System:- 01) The website http://sandbyshg.ap.gov.in/ has been designed by AP Online. 02) Regular traders to register at this webpage . Remember the username and the password. 03) Registered users can make online payment for their orders. Online payment is beneficial as the booking details on succ...

          The inspiration for today’s Blog Post is the preparations at Sree Kanteerava Stadium for TCS 2015 10k. Q: What is a marathon? Ans: The marathon is a long-distance running event with an official distance of 42.195 kilometres (26 miles and 385 yards), usually run as a road race. Marathon history in 140 characters The marathon one of the original modern Olympic events  instituted in commemoration of the fabled run of the Greek soldier Pheidippides. Event Organisers:  Procam International, a sport and leisure management firm which is also responsible for the Mumbai Marathon and Delhi Half Marathon. Chief Sponsors: 2008-10 - Sunfeast (ITC Limited). 2011 onwards - Tata Consultancy Services (TCS). Drop in @  TCS World 10K Bangalore website . Q: What motivates TCS to make this event better and better every year? Ans:  The combined enthusiasm of the ever increasing participants. Q: Wh...

          This is the first for UBER in the world.           UBER is present in 57 countries across 300 cities.           The Cash Receipts announcement is available at UBER Blog .           11 benefits from Uber Hyderabad experiment 01)   Hyderabadi’s should be proud that UBER has chosen their city for this unique experiment. 02) Still in Beta stage, hence not available for UBER Hyderabad customers. 03) No Balance in PAYTM wallet required to book UBER Cash Taxi 04) Part wallet-Part cash not available. 05) Number of UBER consumers will witness a spike. 06) India is a huge market and international companies have to localise their offerings. 07) Indians over a period of time will migrate from Cash to CashLess. 08) Constructive feedback awaited by UBER...

              Prepaid cards in India are sprouting in the most unlikely places. Yes, the prepaid cards are now visible in Hospitals too.               View this picture for more details.               The forerunner to this launch is the 2013 rollout @ AIIMS-Delhi in Cardiothoracic and Neurosciences Centre, AIIMS. This Prepaid Cash Card Seva launched by Financial Software & Systems Pvt. Ltd as a unique innovation to integrate technology with social welfare. The aim of this prepaid card is to provide patients with a one stop window for paying fee charges of all services. Taking this forward, Bank of India unveiled a special prepaid card for patients of AIIMS at Bhubaneswar. The card was unveiled in presence of Bank’s Executive Director Shri R.P.Marathe and AIIMS, ...

          Come May 15,2015 and Myntra shopping site will shut down. Do not worry; you can continue shop through Myntra App on your Smartphone. Click on this link to know more about Myntra move to only an App feature. 01)   Shop only Wifi is enabled on your smartphone. 02) A high resolution phone is preferred. 03) A wide screen phone is preferred. 04) Cross check the offers on hand. 05) Check your SMSs for special offers. 06) There can be financial offers i.e cash back, discount etc 07) There can be non-financial offers i.e Buy 3-Buy 1 etc. 08) Check the packages immediately on receipt. 09) Do not opt for frequent refunds/returns. 10)   Get used only App features. 11)   Any more tips? Benefits of only a Mobile App eCommerce can be read here.

          The tag line of Kotak Kay Pay is “Still paying in cash? Pay the kaypay way.”  Kotak Kay Pay rides on the NPCI’s IMPS Merchant Payment architecture. The beauty of KKP is that it does not require the sender nor the receiver to have a Kotak Bank Account.           The sender’s bank should be on IMPS Merchant Service. Merchant needs to get on-board IMPS network with one Bank. In this case KKP is the merchant. Customer of any Bank in the IMPS merchant network can make payment to merchant through IMPS. 11 key att ributes of KKP 01) Built around IMPS, hence facility available 24*7, 365 days a year. 02) Facility restricted to account holders participating in NPCI IMPS Payment service with Merchant Initiated Payment (P2M) pull service. 03) Additionally the customer should have Facebook account or  Google+ account or  Email account and active mobile...

          IMPS (Immediate Payment Service) has got another fan added to its growing legion.           The latest Safe eTransactions Tool to be on the IMPS network is Axis Bank Ping Pay .           The Ping Pay utilises the IMPS channel to move funds between bank accounts.           Lots of unique features have been loaded on AX to make it attractive for Axis Bank customers or non-customers to route their financial transactions through Axis Bank Ping Pay           `Yes, this APP can be experienced by non-customers (potential) of Axis Bank too.           In simple terminology, Ping Pay is a multi-social payment app from Axis Bank that lets you send or ask for money and mobile recharge across Facebook, Whatsa...

          State Bank of India saving bank account holders with an average quarterly balance of INR50,000/- will be able to enjoy the benefits of SBI  RuPay Platinum debit card.           The SBI RuPay Platinum debit card was launched on May 7, 2015 at a gala function presided over by Smt. Arundhati Bhattacharya, Chairman, SBI and Shri A. P. Hota, MD and CEO, NPCI.           As incentives to encourage SBI customers to start using this card, the following features are part of the SBI RuPay Platinum debit card: 5% cashback on utility bill payments Upto 1% fuel surcharge waiver Complimentary airport lounge access Complimentary concierge services Complimentary welcome discount vouchers Personal accidental death and permanent total disability insurance cover of Rs. 2 lacs SBI account holders need not worry as this card ...

          The process for hosting Reserve Bank of India Quiz 2015 has begun with Reserve Bank of India releasing a tender notification for the same.           The last date for submission of the tender document is May 7, 2015.           Highlights of the tender are:           Quiz Name: RBIQ 2015, All India Inter-School Quiz organized by RBI Open for: Students in standards 9, 10, 11 and 12 across all boards in India are eligible to participate in RBIQ 2015. Quiz Model:   Stage 1 - 62 city quizzes Stage 2 - 4 Zonal Semi-finals, Stage 3 -  4 Zonal Finals Stage 4 - 1 National Final. Broadcast Program: 4 Zonal Finals and the National Final will be shot for TV over four to five days for being telecast later on a National Channel. Quiz scope: Content of the quiz to be ...