innovationinbanking

 Indusind Bank taps AEPS to supercharge BBPS Payments              Indusind Bank via Press Release dt. 7th July 2021    Announced to the public at large that it is tying up with (TPCODL) TP Central Odisha Distribution Limited to launch a fully digital payment network in the state.             The objective of the tie-up is to enable TPCODL customers spread across 300 semi-urban and rural regions in Odisha state to pay TPCODL electricity bills without much hassle             The success of an electricity distribution company largely depends on its ability to collect the bill amounts from its customers in the most efficient manner.             The quicker an electricity distribution company is able to collect the bill amount, the healthier its cash flow be.   ...

    Paytm Post-paid Mini for Insta Loans between INR250/- to INR1,000/- Introducing Paytm Post-paid Mini — small ticket instant loans to help you manage your monthly expenses             Paytm in an endeavor to bring new-to-credit folks into the formal credit system is launching ‘Paytm Post-paid Mini’.             Aditya Birla Finance Ltd is the finance partner for ‘Paytm Post-paid Mini’             PM is an extension of Paytm popular ‘Buy Now, Pay Later’, service. Here the target audience is New-to-credit. Basing on the repayment behavior, the micro borrowers may be eligible for the full suite of its ‘Buy Now, Pay Later’, features.                         The microloans are designed to giv...

  Sovereign Gold Bond Scheme 2021-22 Series IV - Issue Price INR4,807/- In terms of GoI notification F.No.4(5)-B(W&M)/2021 and RBI press release dated May 12, 2021, the Sovereign Gold Bond Scheme 2021-22 - Series IV will be open for subscription for the period from July 12 - 16, 2021. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. July 07, July 08 and July 09, 2021 works out to ₹ 4,807/- (Rupees Four thousand eight hundred and seven only) per gram of gold. Government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of ₹ 50/- per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode. For such investors, the issue price of Gold Bond will be ₹4,757/- ...

 Reliance Jio offers ‘Emergency Data Loan’ to its prepaid users             Mobile Data has now become a necessity rather than a luxury. We Indians, love mobile data and daily consume huge quantities. Mobile data is an invisible commodity but for the majority of us, difficult to survive without it.                     How many times did you wish you could get a hand loan for mobile data purchase?             Keeping these sentiments in mind, Reliance Jio unveiled the ‘ Emergency Data Loan’ program. The highlights of this Emergency Data Loan are: Maximum of 5 emergency data packs of 1GB, with per pack value of INR11/- On successful processing, the data is added instantly. Users can repay the loan amount through the ‘My Jio’ App itself. Once the repayment is done, the dat...

IDRBT is actively looking for Senior Domain Advisors             Commercial Bankers retired as General Manager or above, with age below 62 years, with expertise in Information Technology / Information Security / Fintech or directly related areas of technology may be interested in this part-time advisory role with IDRBT. The next filter for the prospective candidates is the ability to contribute to projects in ·          Artificial Intelligence ·          Machine Learning ·          Cloud Computing ·          Edge Computing ·          Internet of Things ·          Distributed Ledger Technology ·          5G and Beyond ·      ...

NHAI Toll Gate – Where is your vehicle stuck? Before or After 100 Metres           It is now official, Flashback to 2018, certain videos on the internet that said one need not pay toll tax if they have been waiting behind the yellow line at a booth. There was no clarity what is the Yellow Line, which resulted in several skirmishes. The ground staff were mostly ignorant of the Yellow Line and the vehicle users could not show any official document about the Yellow Line. This has now changed. Ministry of Road Transport & Highways vide Press Release @ https://www.pib.gov.in/PressReleasePage.aspx?PRID=1721963 , notified the first set of Yellow Line guidelines The highlights of the Press Release are :- Heading - National Highways Authority of India takes steps to ensure waiting time should not be more than 10 seconds per vehicle at toll plazas Objective – To ensure service time of not more than 10 seconds per vehicle even duri...

  Dunzo Pay Later powered by LazyPay – 7 Benefits Dunzo has a presence in Bangalore, Mumbai, Gurgaon, Delhi, Hyderabad, Pune, Chennai, & Jaipur. Folks residing in the above cities, within serviceable areas can download Dunzo App and avail the various services offered by Dunzo. As per Dunzo website, it offers the following services Quote   Dunzo is a 24x7 delivery app that delivers anything to your doorstep in 30 minutes. Grocery shopping or food delivery, Dunzo is the only delivery app you'll ever need. - Go online grocery shopping at local stores near you - Get food delivery from top restaurants in the city - Get medicines delivery from local chemists near you - Send packages anywhere within the city - Book a bike ride to go anywhere within the city 
 Unquote Dunzo has multiple payment options, which the Dunzo customer can view while completing the transaction. The pain point was the cart abandonment by Dunzo customers as the final payment invo...