DOCSLIB.ORG

Certificates of Authorisation Issued by the Reserve Bank of India Under the Payment and Settlement Systems Act, 2007 For

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Certificates of Authorisation Issued by the Reserve Bank of India Under the Payment and Settlement Systems Act, 2007 For Certificates of Authorisation issued by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007 for Setting up and Operating Payment System in India A. Certificates of Authorisation issued by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007 for Setting up and Operating Payment System in India The Payment and Settlement Systems Act, 2007 along with the Board for Regulation and Supervision of Payment and Settlement Systems Regulations, 2008 and the Payment and Settlement Systems Regulations, 2008 have come into effect from 12th August, 2008. The list of 'Payment System Operators’ authorised by the Reserve Bank of India to set up and operate in India under the Payment and Settlement Systems Act, 2007 is as under: Sr. Name of the Address of the Payment System Date of issue of No. Authorised Entity Principal Office Authorised Authorisation & Validity Period (given in brackets) Financial Market Infrastructure 1. The Clearing The Managing i. Securities Corporation of India Director, segment covering 11.02.2009 Ltd. Clearing Corp. Govt Securities; of India, ii. Forex 5th, 6th & 7th Settlement floor Trade Segment -do- World, comprising of “C” Wing sub-segments Kamala City, SB a. USD-INR Marg, segment, -do- Lower Parel b. CLS segment – (West) Mumbai Continuous 400 013 Linked Settlement -do- (Settlement of Cross Currency Deals), c. Forex Forward -do- segment; iii. Rupee Derivatives Segment-Rupee denominated trades in IRS & FRA. Retail Payments Organisation 2. National Payments The Chief i. National Corporation of India Executive Financial Switch Officer, (NFS) 15.10.2009 National ii. Immediate Payments Payment System 12.10.2010 Corporation of (IMPS) India, iii. Affiliation of 1001A, B wing, RuPay Cards 10th Floor, (debit cards/ The Capital, prepaid cards) Bandra – Kurla issued by banks Complex, and co-branded 12.07.2012 Bandra (East), credit cards Mumbai–400 issued by non- 051. banking financial 23.05.2013 companies (NBFCs) or any other entity 11.01.2011 approved by the RBI. iv. National 21.09.2011 Automatic Clearing House 24.08.2016 (NACH) v. Aadhar 11.02.2019 Enabled Payments System (AEPS) vi. Operation of Cheque Truncation System vii. Unified Payments Interface viii. National Electronic Toll Collection (NETC) Cards Payment Networks 3. American Express The Chief Affiliation of 31.03.2009 Banking Corp., Executive credit cards/debit USA Officer, cards/prepaid American cards issued by Express Banking banks and co- Corp., branded credit 200 Vesey Street cards issued by MC 01-39-12 non-banking New York, financial NY USA 10285. companies (NBFCs) or any other entity approved by the Reserve Bank of India. 4. Diners Club The Chief Affiliation of 30.06.2010 International Ltd., Executive credit card issued USA Officer, by banks or any Diners Club other entity International approved by the Ltd. 2500, Reserve Bank of Lake Cook Road India. River woods, Illinois (IL) – 60015, U S A. 5. MasterCard Asia/ The Chief Affiliation of 01.12.2014 Pacific Pte. Ltd., Executive credit cards/ debit Singapore (Earlier Officer, cards/ prepaid MasterCard Mastercard Asia/ cards issued by International Pacific Pte. Ltd, banks and co- Incorporated, USA 3 Fraser Street, branded credit was performing this DUO Tower, cards issued by activity) #17-21/28, non-banking Singapore financial 189352 companies (NBFCs) or any other entity approved by the Reserve Bank of India. National Payments The Chief Affiliation of 12.07.2012 Corporation of India Executive RuPay Cards Officer, (debit cards/ National prepaid cards) Payments issued by banks Corporation of and co-branded India, credit cards 1001A, B wing, issued by non- 10th Floor, banking financial The Capital, companies Bandra-Kurla (NBFCs) or any Complex, other entity Bandra (East) approved by the Mumbai–400 RBI. 051. 6. Visa Worldwide The President Affiliation of 01.04.2010 Pte. Limited, Visa Worldwide credit cards/ debit Singapore (Earlier Pte. Limited, cards/ prepaid Visa International 71, Robinson cards issued by Service Association, Road, #08-01, banks and co- USA was Singapore branded credit performing this (068895). cards issued by activity) non-banking financial companies (NBFCs) or any other entity approved by the RBI. Cross border Money Transfer – in-bound only 7. Bahrain Financing The Director Money Transfer 30.09.2009 Company, BSC (C) Bahrain Service (MTSS)– Financing cross border in- Company, bound service BSC (c), Bab (customer to AL Bahrain customer) known Building, as “EzRemit” Bab AL Bahrain Avenue, Government Road, P.O Box 243 Manama, Bahrain 8. Continental The Chief MTSS- cross 28.04.2014 Exchange Solutions Executive border in-bound (Valid upto Inc, USA Officer, service (customer 31.03.2024) 6565, Knott to customer) Avenue, Buena known as “Ria Park, Money Transfer” California, 90620- USA 9. Fast Encash Money The Chief MTSS- cross 03.04.2017 Transfer Services Executive border in-bound (Valid upto Ltd. Officer, service (customer 31.03.2021) 144, High Street to customer) North, London E6 2HT 10. Transfast Inc., The President, MTSS- cross 30.09.2009 Canada (formerly Transfast Inc. border in-bound (Valid upto Global Foreign 3660 Midland service (customer 30.09.2023) Exchange Inc.) Avenue, Suite to customer) 333 known as Toronto, Ontario “Transfast” M1V 0B8 Canada 11. MoneyGram The President & MTSS- cross 25.05.2009 Payment Systems Chief Executive border in-bound (Valid upto Inc, USA. Officer, service (customer 31.05.2022) 1550 Utica to customer) Avenue South, known as Minneapolis, “MoneyGram or Minnesota MoneyGram 55416, U.S.A. International” 12. Muthoot Finserve The President, MTSS- cross 30.09.2009 USA Inc. {formerly Muthoot border in-bound (Valid upto Royal Exchange Finserve USA service (customer 30.06.2021) (USA) Inc.} Inc. to customer) 1155, Green Street Iselin, NJ 08830 U.S.A. 13. UAE Exchange The Managing MTSS- cross 30.09.2009 Centre LLC, UAE Director & CEO, border in-bound UAE Exchange service (customer Centre LLC, P.O to customer) No. 13304, known as Building of “Xpress Money” Nassar Bin Abdul Latiff Naïf Street Deira, Dubai, U A E 14. Wall Street The Group MTSS- cross 30.09.2009 Exchange Centre Managing border in-bound LLC, UAE Director, service (customer Wall Street to customer) Exchange Centre known as LLC, “Instant Cash” Central Office Building, AI Sabhkha, Naif Road P.O Box 3014, Deira, Dubai UAE. 15. Western Union The Chief MTSS- cross 31.03.2009 Financial Services Executive border in-bound Incorporated, USA Officer, service (customer Western Union to customer) Financial known as Services “Western Union Incorporated, or WU” 7001E, Belleview Avenue, Englewood, CO 80237. ATM Networks 16. Bank of India The Chairman & ‘BANCS’ – 12.08.2009 Managing ATM network Director Bank of India, Star House C-5 ‘G’ Block, Bandra Kurla Complex, Bandra (East), Mumbai- 400 051. 17. Euronet Services The Managing CASHNET – 25.05.2009 India Private Director, ATM Network Limited Euronet Services India Private Limited, 2nd Floor, Marwah House, Krishanlal Marwah Marg, Andheri (E) Mumbai – 400 072. National Payments The Chief National 15.10.2009 Corporation of India Executive Financial Switch Officer, (NFS) National Payments Corporation of India, C-9, 8th Floor, RBI Premises, Bandra – Kurla Complex, Bandra East, Mumbai–400 051. 18. Punjab National The Chairman & Bilateral ATM 05.04.2010 Bank Managing sharing Director, arrangement with Punjab National Everest Bank of Bank, 7, Nepal Bhikaji Cama Place New Delhi 110049. 19. State Bank of India The Chairman, State Bank Group 12.08.2009 State Bank of ATM network India, Corporate Centre, 1st Floor, ‘C’ Wing, Mittal Towers, Nariman Point, Mumbai 400 021. Pre-paid Payment Instruments 20. Aircel Smart Money The Chief Pre-paid Payment 04.06.2015 Limited Executive Instruments (Valid upto Officer, 30.06.2020) Aircel Smart Money Limited, 2nd and 5th Floor, Building No 10 A, DLF Cybercity, DLF Phase 2, Gurgaon, Haryana 21. Amazon Pay (India) The Chief Pre-paid Payment 22.03.2017 Private Limited Executive Instruments (Valid upto (formerly Amazon Officer, Amazon known as 31.03.2022) Online Distribution Pay (India) “Amazon Pay Services Private Private Limited balance: Money” Limited) , #26/1, Brigade Gateway, World Trade Centre, 8th floor, Dr. Rajkumar Road, Malleswaram (West), Bangalore – 560 055 22. Appnit The Chief Pre-paid Payment 22.03.2017 Technologies Executive Instruments (Valid Upto Private Limited Officer, Appnit 31.03.2022) Technologies Private Limited, 403, 4th Floor, Tower A, Logix Technova Centre, Sector 32, Noida, Uttar Pradesh – 201 301 23. Balancehero India The Chief Pre-paid Payment 18.07.2017 Private Limited Executive Instruments (Valid upto 30.09. Officer, 2022) Balancehero India Private Limited, Office No – 121, 2nd Floor, Sector 44, Gurugram, Haryana - 122003 24. Card Pro Solutions The Chief Pre-paid Payment 04.06.2015 Pvt. Ltd. Executive Instruments (Valid upto Officer, 30.06.2020) Card Pro Solutions Pvt. Ltd., 135, A to Z Industrial Estate, G K Marg, Lower Parel, Mumbai 400 013 25. Delhi Integrated The Chief Pre-paid Payment 27.08.2015 Multi- Modal Executive Instruments (Valid upto Transit System Officer, 30.09.2020) Limited Delhi Integrated Multi-Modal Transit System Limited, 1st floor, Maharana Pratap ISBT Building, Kashmere Gate, Delhi – 110 006 26. Delhi Metro Rail The Chief Pre-paid Payment 20.02.2017 Corporation Limited Executive Instruments for (Valid upto Officer, Delhi Mass Transit 31.03.2022) Metro Rail Systems Corporation Limited, Metro Bhawan, Fire Brigade Lane, Barakhamba Road, New Delhi - 110001 27. DigitSecure India The Chief Pre-paid Payment 23.07.2012 Private Limited Executive Instruments e- (Valid upto Officer, wallet known as 30.09.2020) DigitSecure ‘HotRemit' India Private Limited, Plot No: 1303 and 1304, 4th Floor, Khanamet, Hitech City, Ayappa Society, Madhapur, Hyderabad - 500 081. 28. Edenred (India) The Managing Meal and gift 29.10.2009 Private Limited – Director & Chief paper vouchers, (Valid upto nee Accor Services Executive meal and 30.04.2021) Pvt.
Load more

Recommended publications
  • View Brochure
    1 OBILE &M AGENCY BANKING ROUNDTABLE October 17-18, 2014 Hyderabad, India 2 OBILE &M AGENCY BANKING ROUNDTABLE About CAFRALCAFRAL The Centre for Advanced Financial Research and Learning ((CAFRAL)CAFRAL) hhasas bbeeneen set up by Reserve BanBankk ooff InIndiadia in tthehe backdrop of India’s evolving role in the global economy, in the financial services sector and its ppositionosition in various international fora, to develop into a world class global institution for research and learninlearningg in bankinbankingg and finance. The Governor of Reserve Bank of India is the Chairman of the Governing Council ooff CAFRAL. On tthehe LearninLearningg siside,de, CAFRAL is enengagedgaged in conconductingducting seminars, conferencesconferences andand otherother llearningearning programs tthathat serve as a pplatformlatform fforor excexchangehange ooff hhigh-leveligh-level popolicylicy ddialoguesialogues bbetweenetween thethe various stakeholders by bringing together regulators, polipolicycy mamakers,kers, bbankers,ankers, acaacademicians,demicians, researcresearchershers anandd practitioners. It alsoalso conconductsducts advancedadvanced programs forfor enhancingenhancing professionalprofessional cacapabilitiespabilities of senior executives in the financial sector. About the ProgramProgram MobileMobile bankingbanking is emerging as a major forceforce across thethe world,world, witwithh a mucmuchh llargerarger proportion ooff tthehe popupopulationlation hhavingaving access to mobilesmobiles thanthan to bbankank accounts.accounts. WhWhileile on oonene
    [Show full text]
  • November 16, 2018 Certificates of Authorisation Issued by the Reserve Bank of India Under the Payment and Settlement Syst
    Date : November 16, 2018 Certificates of Authorisation issued by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007 for Setting up and Operating Payment System in India A. Certificates of Authorisation issued by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007 for Setting up and Operating Payment System in India The Payment and Settlement Systems Act, 2007 along with the Board for Regulation and Supervision of Payment and Settlement Systems Regulations, 2008 and the Payment and Settlement Systems Regulations, 2008 have come into effect from 12th August, 2008. The list of 'Payment System Operators’ authorised by the Reserve Bank of India to set up and operate in India under the Payment and Settlement Systems Act, 2007 is as under: Sr. Name of the Address of the Payment System Date of issue of No. Authorised Principal Office Authorised Authorisation Entity & Validity Period (given in brackets) Financial Market Infrastructure 1. The Clearing The Managing i. Securities 11.02.2009 Corporation of Director, segment covering India Ltd. Clearing Corp. of Govt Securities; India, ii. Forex 5th, 6th & 7th floor Settlement Trade World, Segment -do- “C” Wing Kamala comprising of sub- city, SB Marg, segments Lower Parel (West) a. USD-INR Mumbai 400 013 segment, -do- b. CLS segment – Continuous Linked Settlement (Settlement of Cross Currency -do- Deals), c. Forex Forward segment; iii. Rupee Derivatives -do- Segment-Rupee denominated trades in IRS & FRA. Retail Payments Organisation 2. National The Chief Executive i. National Payments Officer, Financial Switch Corporation of National Payments (NFS) 15.10.2009 India Corporation of ii.
    [Show full text]
  • Merchants Where Online Debit Card Transactions Can Be Done Using ATM/Debit Card PIN Amazon IRCTC Makemytrip Vodafone Airtel Tata
    Merchants where online Debit Card Transactions can be done using ATM/Debit Card PIN Amazon IRCTC Makemytrip Vodafone Airtel Tata Sky Bookmyshow Flipkart Snapdeal icicipruterm Odisha tax Vodafone Bharat Sanchar Nigam Air India Aircel Akbar online Cleartrip Cox and Kings Ezeego one Flipkart Idea cellular MSEDC Ltd M T N L Reliance Tata Docomo Spicejet Airlines Indigo Airlines Adler Tours And Safaris P twentyfourBySevenBooking Abercrombie n Kent India Adani Gas Ltd Aegon Religare Life Insur Apollo General Insurance Aviva Life Insurance Axis Mutual Fund Bajaj Allianz General Ins Bajaj Allianz Life Insura mobik wik Bangalore electricity sup Bharti axa general insura Bharti axa life insurance Bharti axa mutual fund Big tv realiance Croma Birla sunlife mutual fund BNP paribas mutural fund BSES rajdhani power ltd BSES yamuna power ltd Bharat matrimoni Freecharge Hathway private ltd Relinace Citrus payment services l Sistema shyam teleservice Uninor ltd Virgin mobile Chennai metro GSRTC Club mahindra holidays Jet Airways Reliance Mutual Fund India Transact Canara HSBC OBC Life Insu CIGNA TTK Health Insuranc DLF Pramerica Life Insura Edelweiss Tokio Life Insu HDFC General Insurance IDBI Federal Life Insuran IFFCO Tokio General Insur India first life insuranc ING Vysya Life Insurance Kotak Mahindra Old Mutual L and T General Insurance Max Bupa Health Insurance Max Life Insurance PNB Metlife Life Insuranc Reliance Life Insurance Royal Sundaram General In SBI Life Insurance Star Union Daiichi Life TATA AIG general insuranc Universal Sompo General I
    [Show full text]
  • Booklet on Measurement of Digital Payments
    BOOKLET ON MEASUREMENT OF DIGITAL PAYMENTS Trends, Issues and Challenges Revised and Updated as on 9thMay 2017 Foreword A Committee on Digital Payments was constituted by the Ministry of Finance, Department of Economic Affairs under my Chairmanship to inter-alia recommend measures of promotion of Digital Payments Ecosystem in the country. The committee submitted its final report to Hon’ble Finance Minister in December 2016. One of the key recommendations of this committee is related to the development of a metric for Digital Payments. As a follow-up to this recommendation I constituted a group of Stakeholders under my chairmanship to prepare a document on the measurement issues of Digital Payments. Based on the inputs received from RBI and Office of CAG, a booklet was prepared by the group on this subject which was presented to Secretary, MeitY and Secretary, Department of Economic Affairs in the review meeting on the aforesaid Committee’s report held on 11th April 2017 at Ministry of Finance. The review meeting was chaired by Secretary, Department of Economic Affairs. This booklet has now been revised and updated with inputs received from RBI and CAG. The revised and updated booklet inter-alia provides valuable information on the trends in Digital Payments in 2016-17. This has captured the impact of demonetization on the growth of Digital Payments across various segments. Shri, B.N. Satpathy, Senior Consultant, NISG, MeitY and Shri. Suneet Mohan, Young Professional, NITI Aayog have played a key role in assisting me in revising and updating this booklet. This updated booklet will provide policy makers with suitable inputs for appropriate intervention for promoting Digital Payments.
    [Show full text]
  • Guidelines for Adoption of Electronic Payments and Receipts (EPR)
    Document No: EPR: 01 Version: 1.0 November, 2016 Guidelines for Adoption of Electronic Payments and Receipts (EPR) Government of India Ministry of Electronic and Information Technology (MeitY) New Delhi –110003 Guidelines for Adoption of Electronic Payments and Receipts (EPR) Metadata of Document Framework for Electronic Payments and Receipts S. No. Data elements Values 1. Title Guidelines for Adoption of Electronic Payments and Receipts (EPR) 2. Title Alternative EPR 3. Document Identifier EPR:01 4. Document Version, month, year of Version 1, Nov 2016 release 5. Present Status Approved by Secretary Ministry of Communication & IT 6. Publisher Ministry of Electronics and Information Technology (MeitY), Government of India (GoI) 7. Date of Publishing Nov 2016 8. Type of Standard Document Guidelines ( Policy / Technical Specification/ Best Practice /Guidelines/ Framework/ Process) 9. Enforcement Category Recommended ( Mandatory/ Recommended) 10. Creator Ministry of Electronics and Information Technology (An entity primarily responsible for making (MeitY), Government of India (GoI) the resource) 11. Contributor Ministry of Electronics and Information Technology (An entity responsible for making (MeitY) and Controller General of Accounts (CGA) contributions to the resource) 12. Brief Description The Guidelines for Adoption of Electronic Payments and Receipts (EPR)of Government of India aims to harness the potential of electronic cashless payments platforms for various Payments or Receipts handled by Departments / Institutions. 13. Target Audience State Governments, Govt. of India Autonomous Bodies, (Who would be referring / using the Central Public Sector Undertakings and Municipalities document) 14. Owner of approved standard MeitY, New Delhi Version: 01 Page 2 of 39 Guidelines for Adoption of Electronic Payments and Receipts (EPR) S.
    [Show full text]
  • Transformative Banking - Go Digital with Disruptive Technologies
    Transformative Banking - Go digital with disruptive technologies issue 16 inside this issue From the Managing Director’s Desk From the Managing Director’s 1 Dear Readers, Desk As we settle down in the digital era, there is a lot to look at Banking 2020: Technology 2 and contemplate. Business, as we know it has changed. Disruption in Banking Millennials are pushing companies to the edge, when it comes to customer experience. Competition is getting 5 Commercial Lending Resurgence stiff, with startups eating away your market share. And the workforce is demanding anytime anywhere work flexibility. Mobile Imaging Technology 8 Changes the Face of Banking So, what is it that as a bank you could do to ride this wave of transformation? Newgen Product Portfolio 11 This edition of our research based newsletter talks about Research from Gartner: 12 just that. The article on ‘Banking 2020’ gives you a sneak-peek into what the future looks like Hype Cycle for Digital Banking and what all you need to do to be prepared. There is a link to an interesting video in the article, Transformation, 2015 which you must watch. The article on ‘Commercial Lending Resurgence’ talks about the need to balance risk management with customer experience in today’s times. We also take a look About Newgen 47 at how Mobile Imaging technology can empower your field force to be more efficient and Newgen at a Glance 48 productive. Newgen has helped many of its global clients become market leaders through innovative solutions. We have over 200 banking clients from all across the globe.
    [Show full text]
  • Annexure4.Pdf
    260 172826/2018/SO(COMPUTER CELL) File No.21(8)/2016-Comp No.21(8)/2016-Comp. Cell Government of India Ministries of Consumer Affairs,Food & Public Distribution Department of Food & Public Distribution ******** Krishi Bhavan, New Delhi Dated 11Th May, 2018 To Secretary/Principal Secretary, Department of Food & Civil Supplies, All States fUTs. Subject:-Publicizing of MDR waiver and revised BHIM incentive Schemes-reg. Madam/Sir, Please find enclose herewith a copy of D.O.letter No.12(23)/2017-DPD dated 26.4.2018 received from Ministry of Electronics and Information Technology (MeitY) on the subject mentioned above. As per information, GOI vide Gazette Notification No.6(19)/2017-DPD-1 dated 27.12.2017 has waived off Merchant Discount Rate (MDR) applicable on Debit Card/BHIM UPI/ Aadhaar-Pay transactions less than or equal to Rs. 2000/- in value for a period of two years with effect from 1st January, 2018. In the matter this Department has already written to all States/U'Is for adoption/promote digital transactions in PDS vide D.O. letter of even number dated 13/03/2018 (attached). It has further intimated by MeitY that GOIhas recently revised and extended the following incentive schemes w.eJ. 1st April, 2018 till 31st March, 2019 for promotion and wider adoption of digital payment:- (i) BHIM cashback scheme for individuals. (ii) BHIM incentive scheme for merchants. (iii) BHIM Aadhhar merchant incentive scheme. 2. It is requested that waiver of MDR charges and revised BHIM incentivization schemes may be disseminated and widely publicized in your State/U'I' through States PDS portal to promote and adoption of digital cashless transactions.
    [Show full text]
  • S No Atm Id Atm Location Atm Address Pincode Bank
    S NO ATM ID ATM LOCATION ATM ADDRESS PINCODE BANK ZONE STATE Bank Of India, Church Lane, Phoenix Bay, Near Carmel School, ANDAMAN & ACE9022 PORT BLAIR 744 101 CHENNAI 1 Ward No.6, Port Blair - 744101 NICOBAR ISLANDS DOLYGUNJ,PORTBL ATR ROAD, PHARGOAN, DOLYGUNJ POST,OPP TO ANDAMAN & CCE8137 744103 CHENNAI 2 AIR AIRPORT, SOUTH ANDAMAN NICOBAR ISLANDS Shop No :2, Near Sai Xerox, Beside Medinova, Rajiv Road, AAX8001 ANANTHAPURA 515 001 ANDHRA PRADESH ANDHRA PRADESH 3 Anathapur, Andhra Pradesh - 5155 Shop No 2, Ammanna Setty Building, Kothavur Junction, ACV8001 CHODAVARAM 531 036 ANDHRA PRADESH ANDHRA PRADESH 4 Chodavaram, Andhra Pradesh - 53136 kiranashop 5 road junction ,opp. Sudarshana mandiram, ACV8002 NARSIPATNAM 531 116 ANDHRA PRADESH ANDHRA PRADESH 5 Narsipatnam 531116 visakhapatnam (dist)-531116 DO.NO 11-183,GOPALA PATNAM, MAIN ROAD NEAR ACV8003 GOPALA PATNAM 530 047 ANDHRA PRADESH ANDHRA PRADESH 6 NOOKALAMMA TEMPLE, VISAKHAPATNAM-530047 4-493, Near Bharat Petroliam Pump, Koti Reddy Street, Near Old ACY8001 CUDDAPPA 516 001 ANDHRA PRADESH ANDHRA PRADESH 7 Bus stand Cudappa, Andhra Pradesh- 5161 Bank of India, Guntur Branch, Door No.5-25-521, Main Rd, AGN9001 KOTHAPET GUNTUR 522 001 ANDHRA PRADESH ANDHRA PRADESH Kothapeta, P.B.No.66, Guntur (P), Dist.Guntur, AP - 522001. 8 Bank of India Branch,DOOR NO. 9-8-64,Sri Ram Nivas, AGW8001 GAJUWAKA BRANCH 530 026 ANDHRA PRADESH ANDHRA PRADESH 9 Gajuwaka, Anakapalle Main Road-530026 GAJUWAKA BRANCH Bank of India Branch,DOOR NO. 9-8-64,Sri Ram Nivas, AGW9002 530 026 ANDHRA PRADESH ANDHRA PRADESH
    [Show full text]
  • Present Prominence of the Electronic Wallets in India
    International Journal of Recent Technology and Engineering (IJRTE) ISSN: 2277-3878, Volume-8 Issue-4S3, December 2019 Present Prominence of the Electronic Wallets in India C. Thangamani, J. Srinivasan allows users or a consumer to make electronic business or Abstract: In today's ever-changing technological dependent financial transactions instantly, safely and securely with world, electronic wallets are in their early stages of development utmost ease and just a swipe. and expected to evolve in the coming years, yet, no one in the The e-wallet which functions like a normal physical wallet payment ecosystem knows precisely how the mobile electronic and instead of this being a physical component, it is in the wallet marketplace will evolve in the coming years. It is estimated that Global electronic wallet transaction form of software and based on a cloud platform. volumes will be about INR 41.8 billion in 2016. How does it work? A digital or electronic wallet (e-wallet) as called, is basically a A digital wallet is basically a software that is downloaded software that allows a user to make an electronic payment in by the user, and relevant details are filled based on the norms cash or link it with their respective bank account making laid down by the company and Government. The data is payments with ease be it for purchase of a prepaid mobile stored permanently and will contain your residential or recharge, a train ticket or even a television. billing address, PAN, AADHAR etc. In India, the e-wallet is very useful as the convenience of not Once stored, any financial or business transaction is carrying physical cash is drastically reduced.
    [Show full text]
  • Review 2011-13
    Foreign Investment Promotion Board Review 2011-2013 FIPB Secretariat Department of Economic Affairs Ministry of Finance Government of India ©Department of Economic Affairs All rights reserved Published by FIPB Secretariat Department of Economic Affairs Ministry of Finance Government of India New Delhi-110001 India www.fipbindia.com Disclaimer: This review is based on proceedings of the FIPB. However, any decision reported in this Review or Policy position shall not have any legal binding. Reference has to be made to the individual proposal’s formal communication and FDI Policy issued by DIPP. Errors and omissions, if any, may kindly be reported to the FIPB Secretariat. Contents CONTENTS I FOREWORD III ACKNOWLEDGMENT IV Abbreviations V List of Tables VII List of Figures VII 1. Introduction to FIPB 1 Facts 1 Background of the FIPB 2 Composition of the FIPB 3 Report on the functioning of the FIPB 3 2. The Triennia 5 The FIPB performance in figures 5 Consideration of proposals by the FIPB 9 Sources of FDI in India through the FIPB 10 Sector-Wise analysis of FDI in India through the FIPB 12 Consideration of the FIPB proposals by the CCEA 14 3. Policy Implications- Key Decisions 16 3.1 Conditions relating to FDI in the LLPs 16 3.2 Limited Liability Partnership: Designated Partners contribution to the capital and voting rights 16 3.3 Alternate Investment Fund- category I and II and existing Venture Capital Funds 17 3.4 Partly Paid Shares and Warrants 18 3.5 Swap of Shares 19 3.6 Issuance of shares for consideration other than cash 19 3.7 Issue
    [Show full text]
  • State Bank of Travancore
    DRAFT LETTER OF OFFER May 28, 2011 For circulation to the Equity Shareholders of our Bank only STATE BANK OF TRAVANCORE (Subsidiary of the State Bank of India) Our Bank was constituted under the State Bank of India (Subsidiary Banks) Act, 1959 as a subsidiary of State Bank of India. (For further details please refer to the chapter titled “History of our Bank and Other Corporate Matters” on page 51 of this Draft Letter of Offer.) Head Offi ce: Poojapura, Thiruvananthapuram-695 012 Tel: + 91 0471 2359975/2351903 Fax: +91 0471 2351861 Contact Person: Mr. V.Viswanathan, Compliance Offi cer E-mail: [email protected] Website: www.statebankoftravancore.com FOR PRIVATE CIRCULATION TO THE EQUITY SHAREHOLDERS OF OUR BANK ONLY DRAFT LETTER OF OFFER ISSUE OF [●] EQUITY SHARES WITH A FACE VALUE OF `10/– EACH (“RIGHTS EQUITY SHARES”) FOR CASH AT A PRICE OF `[●]/– INCLUDING A PREMIUM OF `[●]/– AGGREGATING UPTO `500 CRORES TO THE EXISTING EQUITY SHAREHOLDERS OF OUR BANK ON RIGHTS BASIS IN THE RATIO OF [●] RIGHTS EQUITY SHARES FOR EVERY [●] EQUITY SHARES HELD ON THE RECORD DATE I.E. [●] (“RIGHTS ISSUE/ ISSUE”). THE ISSUE PRICE FOR THE RIGHTS EQUITY SHARES IS [●] TIMES THE FACE VALUE OF THE EQUITY SHARES. GENERAL RISKS Investments in equity and equity related securities involve a degree of risk and Investors should not invest any funds in this Issue unless they can afford to take the risk of losing their investment. Investors are advised to read the Risk Factors carefully before taking an investment decision in this Issue. For taking an investment decision, Investors must rely on their own examination of the Issuer and the Issue including the risks involved.
    [Show full text]
  • Digital Payments: on Track to a Less-Cash Future
    06 November 2019 SECTOR UPDATE INDIA INTERNET Digital Payments: On track to a less-cash future Digital Investment focus Key enablers - transactions to to shift from Payment gateways; reach USD 41tn wallets to other QR; POS by FY25 payment modes 6 November 2019 SECTOR UPDATE INDIA | INTERNET TABLE OF CONTENTS Prince Poddar [email protected] 03 Introduction Tel: (91 22) 62241879 04 Focus Charts 06 Fintech – attracting investments from global VCs Swapnil Potdukhe [email protected] 07 Payments industry in India Tel: (91 22) 62241876 09 Landscaping the digital payments industry 10 Sizing the digital payments market Pankaj Kapoor [email protected] 12 Digital payment infrastructure Tel: (91 22) 66303089 14 Pay-modes which enable digital payments 15 Business economics for digital payments enablers 17 Future of digital payments: Key themes • Evolving use-cases in digital payments • Positioning of payment gateway aggregators • POS deployment – government’s digital agenda • POS penetration to aid higher card transactions • UPI to lead the growth in digital payments • Will wallets be able to survive the onslaught of UPI? 26 Government’s smart initiatives for digital payments 28 Survey – online survey on digital payments 29 Funding of payments intermediaries in India 33 How are digital payments faring globally? 35 Takeaways from management meetings 36 Company Profiles 60 Appendix JM Financial Research is also available on: Bloomberg - JMFR <GO>, • How have the digital payments evolved in India? Thomson Publisher & Reuters • How card transaction processing works? S&P Capital IQ and FactSet and Visible Alpha Please see Appendix I at the end of this report for Important Disclosures and Disclaimers and Research Analyst Certification.
    [Show full text]