https://thenfapost.com News, Facts and Analysis on Startup, Technology & Business Thu, 27 Jul 2023 08:06:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 The NFA Post News, Facts and Analysis on Startup, Technology & Business clean https://thenfapost.com/2023/07/27/hitachi-payment-services-to-acquire-writer-corporations-cash-management-business/ Thu, 27 Jul 2023 08:06:05 +0000 https://thenfapost.com/?p=288468 To become an end-to-end payments and commerce solutions provider Mumbai, NFAPost: Hitachi Payment Services, India’s leading integrated payment solutions provider, has entered into an agreement to acquire the Cash Management Business of Writer Corporation, a multi-business enterprise. In the Cash Management industry, Writer Safeguard – the Cash Management Business of Writer Corporation, has been providing […]]]> https://thenfapost.com/2023/05/30/debit-card-based-atm-withdrawals-up-235-since-demonetisation-report/ Tue, 30 May 2023 01:38:25 +0000 https://thenfapost.com/?p=270587 The cash in circulation in the Indian economy has more than doubled since demonetisation New Delhi, NFAPost: The monthly ATM cash withdrawals using debit cards have jumped over 235% since the Centre announced the demonetisation exercise in November 2016, a new report revealed on Wednesday. As compared to Rs 84,934 crore withdrawn in December 2016, […]]]> https://thenfapost.com/2021/08/17/spice-money-builds-atm-network-with-1-lakh-micro-atms-in-rural-india/ Tue, 17 Aug 2021 10:45:46 +0000 https://www.thenfapost.com/?p=108170 Spice Money delivers on its promise of financial inclusion and financial freedom for Bharat Spice Money covers 95% of Indian rural pincodes, ensuring the reach of micro-ATMs to the unbanked and underbanked Spice Money with its 7 lakh Adhikari network to address the needs of the digital and financial service of marginalised population in rural […]]]> https://thenfapost.com/2021/08/17/cms-info-systems-files-draft-papers-with-sebi-to-launch-ipo/ Tue, 17 Aug 2021 07:14:39 +0000 https://www.thenfapost.com/?p=108075 Mumbai, NFAPost: CMS Info Systems, the cash management company, has submitted preliminary papers with markets regulator Sebi to fetch Rs 2,000 crore through its initial share sale offering. The company’s initial public offer (IPO) is a pure offer for sale by promoter Sion Investment Holdings Pte, an affiliate of Baring Private Equity Asia, as per […]]]> https://thenfapost.com/2021/06/01/hdfc-bank-deploys-mobile-atms-across-50-cities-in-india/ Tue, 01 Jun 2021 12:02:37 +0000 https://www.thenfapost.com/?p=85910 Customers can conduct over 15 transactions in a Mobile ATM Mumbai, NFAPost: In view of restrictions imposed in various parts of the country, HDFC Bank announced the availability of Mobile Automated Teller Machines (ATMs) in 50 cities across India to assist customers during the lockdown. At restricted areas, the Mobile ATMs will eliminate the need […]]]> https://thenfapost.com/2021/04/26/hdfc-bank-deploys-mobile-atms-across-india-amid-growing-covid-19-pandemic/ Mon, 26 Apr 2021 01:37:50 +0000 https://www.thenfapost.com/?p=74662 Bank has deployed Mobile ATMs in 19 cities Mobile ATMs to cover over 50 locations Customers can conduct over 15 transactions in a Mobile ATM Mumbai, NFAPost: In view of rising Covid-19 cases and restrictions imposed in various parts of the country, HDFC Bank announced the availability of Mobile Automated Teller Machines (ATMs) across India to […]]]> https://thenfapost.com/2021/02/08/microatm-devices-witness-67-spurt-in-demand-since-unlock-paynearby-report/ Mon, 08 Feb 2021 07:21:02 +0000 https://www.thenfapost.com/?p=42725 Remittance witness V-shaped recovery during unlocking; register a growth of 106% and 100% in value and volume PayNearby releases detailed analysis on ‘assisted digital transactions’, amid Covid-19 – a Pan-India report titled ‘Retail-O-Nomics’ Overall assisted digital transactions at retail outlets saw a rise of 46% in volumes during the lockdown Rural and semi-urban areas witnessed […]]]> https://thenfapost.com/2020/11/30/hitachi-payment-services-deploys-4000th-white-label-atms-in-india/ Mon, 30 Nov 2020 02:45:27 +0000 https://www.thenfapost.com/?p=29639 Over 25 million customers to be served annually across 229 districts and 2,200 towns. Mumbai, NFAPost: Hitachi Payment Services Pvt. Ltd., a wholly-owned subsidiary of Hitachi Ltd., has announced that it has recently successfully installed the 4,000th Hitachi Money Spot ATM in India. The Hitachi Money Spot ATMs are White Label ATMs (WLAs) set up, owned […]]]> https://thenfapost.com/2020/09/26/rbi-grants-in-principle-authorisation-to-operate-bharat-bill-payment-operating-unit-to-vakrangee-limited/ Sat, 26 Sep 2020 03:34:30 +0000 https://thenfapost.com/?p=15524 MUMBAI, NFAPost: Vakrangee Limited (VL) has been granted In-principle authorisation to set-up and operate Bharat Bill Payment Operating Unit (BBPOU) under the Payment and Settlement Systems Act, 2007 from Reserve Bank of India (RBI). Vakrangee can now directly handle payment and aggregation of payment services relating to bills under the scope of BBPS. Nextgen Vakrangee […]]]> https://thenfapost.com/2020/09/16/sbi-extends-otp-based-atm-withdrawal-24x7/ Wed, 16 Sep 2020 05:01:04 +0000 https://thenfapost.com/?p=13953 Extends OTP based ATM withdrawals to 24×7 for ₹ 10,000 and above at all SBI ATMs w.e.f September 18, 2020 Bank urges customers to register or update their mobile numbers  This initiative aims at safeguarding customers from frauds and minimizing unauthorised transactions Mumbai, NFAPost: With an aimto reinforce its ATM security system and safeguarding customers, country’s […]]]>