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Ever since the demonetization, the pace of technology adoption  in India by common people particularly for financial transactions, is on the increase. The UPI system supported by the multi banking platform such as the BHIM has brought digital payments within … Continue reading →

The recent news report that UIDAI has initiated investigation on three firms suspected to have violated the rules of aadhaar authentication by sending stored biometrics to UIDAI server for authentication. The firms involved are Axis Bank, Suvidha Infoserve and E … Continue reading →

For records we may say that RBI has sought public comments on its draft circular for revising MDR charges downwards as a part of the follow up on Watal Committee report implementation. A copy of the draft circular is available … Continue reading →

Today, people swear by the term “Innovation”. Whether it is the Budget Speech or a Chairman’s speech in AGM, the buzz word is “Innovation”. However people who actually innovate often wonder why some thoughts get the tag of innovation and some … Continue reading →

This is a continuation of the discussions on the Watal Committee Report Encouraging increased use of electronic modes of transactions was one of the objectives pursued by the Watal Committee. In this direction the committee considered the transaction cost structure … Continue reading →

This is the continuation of our discussion on the Watal Committee report on digital payment system in India. It is not common for Committees set up by Government first of all to complete its work within the allocated time. Most … Continue reading →