banking

As the central bank placed Yes Bank under moratorium till April 3rd, several startups including the digital payment firms PhonePe and BharatPe, which relied on Yes Bank as their banking partner seemed to face outages. It has been reported...

The online payment frauds are becoming a new nightmare for digital users and authorities as well. It has been estimated that a whopping $200 billion will be lost globally by businesses whose primary domain happen to be e-commerce, airline...

The above graph represents the growth in the number of Aadhaar based transactions in India by month. AePS (Aadhaar enabled payment system) is a bank led model which allows online interoperable financial transactions at PoS or MicroATM through the...

The above graph represents the monthly distribution of the total NEFT transactions in India in terms of value and volume. In October 2019, the NEFT system registered the highest-ever 242.4 million transactions valued at Rs 18,607.90 billion in India....

The above graph represents Mastercard net income by year, starting from 2001 to the most recent;y completed year. Mastercard posted an impressive $5,859 million as net income in 2018. This happens to be the first instance when the company's...

The above graph represents the Mastercard revenue by quarter, starting from fiscal Q1 2001 to the recently completed quarter. Mastercard quarterly revenue increased nearly 3% YoY in Q1 2020, to $4,009 million, worldwide. The growth was primarily driven by...

The above graph represents Mastercard revenue by year, starting from fiscal 2001 to the most recently completed year. The revenue of Mastercard has increased swiftly over the years starting from fiscal 2001 to 2018. Fiscal 2018 proved to be a...

It has not been long since the Panjab National Bank (PNB) fell victim to India's biggest bank fraud involving alleged embezzlement of funds worth nearly Rs 1.8 billion (about Rs 11394 Cr). Famous jewellers Nirav Modi and his uncle Mehul...