ICICI Bank has launched cardless cash withdrawal facility from its ATMs with a per day transaction limit of Rs 20,000.
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This service enables customers to withdraw cash from over 15,000 ATMs of the bank by simply raising a request on iMobile, its mobile banking application.
Reserve Bank of India has said that it has cancelled the Certificate of Authorisation (CoA) of Vodafone m-pesa on account of voluntary surrender of authorization. Following the cancellation of the CoA, the Co cannot transact the business of issuance and operation of prepaid payment instruments, the central bank said.
In response to a petition filed by the Internet and Mobile Association of India (IAMAI), the RBI has maintained that it has not banned cryptocurrencies including Bitcoin.
Department of Telecom (DoT) has approved raising of foreign direct investment in Bharti Airtel to 100% from 49% allowed earlier.