About Payments banks Payments banks are the new age banks with limited facilities. These banks mostly operate through the small vendors and shopkeepers. It exists in between the mobile wallet and regular banks. Payments banks are permitted to set up …
What’s in the news? The pilot of Digital Rupee- Retail segment (e₹-R), which was recently launched by the RBI, is covering select locations in closed user group (CUG) comprising participating customers and merchants. The e₹-R pilot currently covers the five …