Digital Banking
Everything Bank Talkies has covered in Digital Banking.
SBI Plays Catch-Up in Digital Payments Arena with YONO Pay
State Bank of India's Chairman, CS Setty, acknowledges that the bank fell behind in digital payments, particularly with UPI transactions. As SBI works to enhance its YONO Pay app, there’s emerging debate within the banking sector about potential charges for UPI merchant payments, driven by increasing costs.
The Biggest Myth About Card Payments: Visa & Mastercard Aren't Taking Most of Your Money
Many believe that Visa and Mastercard take the lion's share of the fees whenever a credit card is swiped. However, the truth is far more nuanced. This article explores how Merchant Discount Rates are divided among various players in the payment ecosystem, explaining the roles of banks, payment gateways, and card networks. Understanding these dynamics reveals that the actual share taken by Visa and Mastercard is quite small, as most of the fees are retained by issuing banks and other payment facilitators.
The Q1 Banking Numbers Are In – What Do They Tell Us?
As banks start to share their Q1 FY27 profits, some have shown impressive growth while others face challenges. PNB has seen the most significant year-on-year growth at an astounding 213%, while SBI leads with the highest absolute profit figures. Let’s break down the key numbers and trends.
EPFO Grievances? Here’s Your Step-by-Step Guide to Filing Complaints Online
Are unresolved claims, KYC errors, or incorrect balance spoiling your day? EPFO members don’t have to stress! Here’s a simple guide to file your grievances online. From step-by-step processes to customer care alternatives, we cover it all. Let’s get those issues sorted!
Open Banking Explained: Your Data, Shared With Your Permission
Open banking lets a customer securely share their financial data across institutions with explicit consent, powering everything from instant loan approvals to apps that show every bank balance in one screen.
What is CKYC? One ID Check to Rule Every Bank Account
CKYC lets you complete your identity verification once and reuse it across every bank, mutual fund, and insurer in India, replacing the old system where each institution repeated the same paperwork independently.