This presentation covers the Payments systems in India. It starts with Introduction and then cover paper payment systems like Cheque Truncation System (CTS), MICR, CTS 2010. In Electronic payment systems it covers RTGS, IFSC, UTR No, NEFT, IMPS & difference between them. It also covers the limitations of Indian Payment system. In last leg it covers in detail SWIFT in details with latest statistics
Real time gross settlement systems (RTGS) are specialist funds transfer systems where transfer of money or securities takes place from one bank to another on a "real time" and on "gross" basis. It can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting).
Payment and settlement systems in india vision - 2019-21Mukul Kumar
This PPT is intended to give a brief overview of the vision document titled “Payment and settlement systems in India: Vision – 2019-2021” published by RBI.
This presentation covers the Payments systems in India. It starts with Introduction and then cover paper payment systems like Cheque Truncation System (CTS), MICR, CTS 2010. In Electronic payment systems it covers RTGS, IFSC, UTR No, NEFT, IMPS & difference between them. It also covers the limitations of Indian Payment system. In last leg it covers in detail SWIFT in details with latest statistics
Real time gross settlement systems (RTGS) are specialist funds transfer systems where transfer of money or securities takes place from one bank to another on a "real time" and on "gross" basis. It can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting).
Payment and settlement systems in india vision - 2019-21Mukul Kumar
This PPT is intended to give a brief overview of the vision document titled “Payment and settlement systems in India: Vision – 2019-2021” published by RBI.
The presentation is on the topic "UNIVERSAL BANKING"
IT INCLUDES :-
# All the information related to the universal banking system
# Its functions and the services that it provides
# The benefits that it provides to us
# Are there any negative impacts of universal banking ?
# Universal banks vs Commercial banks
# List of some universal banks
# Some universal banks in India
# Guidelines of RBI for universal banks
# Future Trends
THANKYOU EVERYONE FOR WATCHING IT
Role and impact of Information Technology on Indian BanksDrAbhinavSharma1
ROLE AND IMPACT OF INFORMATION TECHNOLOGY ON INDIAN BANKS IN THE ERA OF REFORMS : A COMPARATIVE STUDY OF SBI AND ICICI BANK.
THESIS TO BE SUBMITTED BY DR. ABHINAV SHARMA, A FAMOUS MOTIVATIONAL SPEAKER AND INTERNATIONAL WRITER. HIS VARIOUS BOOKS PUBLISHED IN HINDI AS WELL AS ENGLISH LANGUAGE.
Payment and Settlement Systems Act, 2007 provides for the regulation and supervision of payment systems in India and designates the Reserve Bank of India (Reserve Bank) as the authority for that purpose and all related matters.
The PSS Act, 2007 received the assent of the President on 20th December 2007 and it came into force with effect from 12th August 2008.
The Act also provides the legal basis for “netting” and “settlement finality”.
According to a survey, the ratio of e-payments to paper based transactions has considerably increased between 2004 and 2008.
For quick service click: https://enterslice.com/payments-banks-license
GET FREE CONSULTANCY
Helpline: +91 9069142028
Email: info@enterslice.com
Website: www.enterslice.com
Introduction of E-Wallets, its types, Advantages,Disadvantages, Examples of E-Wallet,Needs of E-Wallet, Top E-Wallets in World and in India, Description of Mobikwik, its Steps, Architecture of transfer between two wallets, About Paytm, How does Paytm Earn, Recharge on PayTm, Steps to use Paytm, Web Technologies of Paytm, Good at Paytm and Bad at it, Our own proposed system to overcome the disadvantage of existing system
Alternative banking, as the name suggest, is the NEWER METHOD OF CARRYING ON BANKING OPERATIONS
It includes
1. ATM (AUTOMATIC TELLER MACHINE)
2. POS TERMINAL
3. INTERNET BANKING
4. MOBILE BANKING
5. NEFT
6. RTGS
7. ECS
The presentation is on the topic "UNIVERSAL BANKING"
IT INCLUDES :-
# All the information related to the universal banking system
# Its functions and the services that it provides
# The benefits that it provides to us
# Are there any negative impacts of universal banking ?
# Universal banks vs Commercial banks
# List of some universal banks
# Some universal banks in India
# Guidelines of RBI for universal banks
# Future Trends
THANKYOU EVERYONE FOR WATCHING IT
Role and impact of Information Technology on Indian BanksDrAbhinavSharma1
ROLE AND IMPACT OF INFORMATION TECHNOLOGY ON INDIAN BANKS IN THE ERA OF REFORMS : A COMPARATIVE STUDY OF SBI AND ICICI BANK.
THESIS TO BE SUBMITTED BY DR. ABHINAV SHARMA, A FAMOUS MOTIVATIONAL SPEAKER AND INTERNATIONAL WRITER. HIS VARIOUS BOOKS PUBLISHED IN HINDI AS WELL AS ENGLISH LANGUAGE.
Payment and Settlement Systems Act, 2007 provides for the regulation and supervision of payment systems in India and designates the Reserve Bank of India (Reserve Bank) as the authority for that purpose and all related matters.
The PSS Act, 2007 received the assent of the President on 20th December 2007 and it came into force with effect from 12th August 2008.
The Act also provides the legal basis for “netting” and “settlement finality”.
According to a survey, the ratio of e-payments to paper based transactions has considerably increased between 2004 and 2008.
For quick service click: https://enterslice.com/payments-banks-license
GET FREE CONSULTANCY
Helpline: +91 9069142028
Email: info@enterslice.com
Website: www.enterslice.com
Introduction of E-Wallets, its types, Advantages,Disadvantages, Examples of E-Wallet,Needs of E-Wallet, Top E-Wallets in World and in India, Description of Mobikwik, its Steps, Architecture of transfer between two wallets, About Paytm, How does Paytm Earn, Recharge on PayTm, Steps to use Paytm, Web Technologies of Paytm, Good at Paytm and Bad at it, Our own proposed system to overcome the disadvantage of existing system
Alternative banking, as the name suggest, is the NEWER METHOD OF CARRYING ON BANKING OPERATIONS
It includes
1. ATM (AUTOMATIC TELLER MACHINE)
2. POS TERMINAL
3. INTERNET BANKING
4. MOBILE BANKING
5. NEFT
6. RTGS
7. ECS
eMoney 2011 in Russia: New stage and new opportunitiesVictor Dostov
This is presentation from 2012 Russian eMoney Association meeting. You may find there some notes on statistics as well. More resent stats will be available soon
Cashing in on Mobile Payments with a Winning StrategyPerficient, Inc.
Is your organization ready to execute on new thinking in payments? Does your infrastructure accelerate time-to-market for new services? The boom in smart phone sales and mobile usage is changing the way consumers pay for products and gain access to new banking services.
Perficient will help you navigate these paradigm shifts and address the technologies reshaping the payments ecosystem that will drive your digital strategies. You'll learn about:
A holistic view of the payments value chain - banking and retail
A technical review of evolving payment architectures
How you can provide innovative service utilities for greater consumer adoption
Framework enablers to support rapidly growing transaction volumes
Adapting your existing payment models to support the omni-channel experience
Our latest white paper, “Blockchain Technology and the Financial Services Market,” covers themes around:
Distributed ledger and blockchain are about to cause major business transformations in the financial services industry
Three of the most promising fields of application are payment transactions, trade finance and over-the-counter markets
Technical challenges and legal frameworks are currently a major obstacle
Many market participants are exploring ways of using blockchain, including established institutions and start-ups firms
Read the entire research report for expert insights and the full Infosys Consulting point-of-view!
Lekcija: Maksājumu instrumenti un maksājumu sistēmas pasaulē un LatvijāLatvijas Banka
Prezentācija izmantota Latvijas Bankas vieslekcijās Latvijas Universitātē 2017. gada 7. martā.
Saturs:
• Kur “dzīvo” maksājumi – maksājumu vide;
• Kāda tā ir Latvijā?
• Maksājumu instrumenti;
• Attīstības tendences.
Digital payment systems are the backbone of digital commerce. Indian government along with the corporate community is making a significant push to build infrastructure for digital payments along with encouraging the citizens towards a cashless economy.
The presentation involves about Fintech industry, the technologies involved, various UPI's, regulators of Fintech Industry in India and Payment Sytstem in India
guys this is a very good and nice ppt on internet banking. it covers so many topics in very limited slide. it looks attractive due to fonts, pictures and colours used in this presentation.
this presentation has good animations and looks beautiful and attractive.
This presentation discusses interfaces and interoperability issues betwween bank's IT systems and e-government systems. It also describes new inter-operability features mandated by financial inclusion and Aadhaar based payment systems
What is Cashless Economy ? Advantages, Disadvantages, Different Cashless payment methods, internet banking, plastic money, e-wallet, Point of sale, how to secure your cashless payment, future of cashless payment.
This ppt is about unified payments interface and its basic architecture. This ppt contains relevant information about upi and its uses and its application. This ppt is suitable for short presentations.
As Fintech companies have flooded the scene and disrupted the financial industry, traditional banks have had to innovate in order to stay ahead of the pack. We bring to you the latest terms and innovations of the Banking Sector, through this presentation. Hope you find it useful.
Similar to RBI : Payment & Settlement Systems (20)
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
2. ROADMAPROADMAP
• Introduction.Introduction.
• Payment Landscape: India & GlobalPayment Landscape: India & Global
• Evolution of Payment and Settlement Systems in India!!Evolution of Payment and Settlement Systems in India!!
• NPCI: offering different platforms for paymentsNPCI: offering different platforms for payments
• RuPay: say goodbye to MasterCard and VisaRuPay: say goodbye to MasterCard and Visa
• IMPS: instant funds transferIMPS: instant funds transfer
• Innovative Payment Models around the worldInnovative Payment Models around the world
• Latest developments in the payment scenario globally includingLatest developments in the payment scenario globally including
IndiaIndia
• NEFT and RTGS transactions over three financial yearsNEFT and RTGS transactions over three financial years
• Proposed TRIPARTITE MODELProposed TRIPARTITE MODEL
3. INTRODUCTIONINTRODUCTION
Payment v/s SettlementPayment v/s Settlement
Payments:
- something that is paid to someone in return for
goods or services
- traditionally cheques, drafts etc. paid in lieu of cash
- various payment methods have evolved with time
- payment methods now can used for transactions in
equity markets, bond markets, currency markets etc.
4. Settlement:Settlement:
-- process of fulfilling certain contractual obligations byprocess of fulfilling certain contractual obligations by
means of paymentmeans of payment
- settlement is successful in banking when one’s account- settlement is successful in banking when one’s account
gets debited and another’s account gets creditedgets debited and another’s account gets credited
--
P1 P2
S
Q2Q1
5. Payment and Settlement systems?
•the Central Bank (RBI) formulates and regulates itsthe Central Bank (RBI) formulates and regulates its
structurestructure
•BPSS has been set up for authorizing, prescribingBPSS has been set up for authorizing, prescribing
policies and setting standardspolicies and setting standards
• DPSS executes the directions of BPSSDPSS executes the directions of BPSS
•only RBI is authorized to allow different paymentonly RBI is authorized to allow different payment
system operators to operate in Indiasystem operators to operate in India
6. PAYMENT LANDSCAPE: INDIA !!PAYMENT LANDSCAPE: INDIA !!
• Electronic payments steadily gaining popularity in the cashElectronic payments steadily gaining popularity in the cash
dominant Indian society.dominant Indian society.
• As of F.Y 2014, percentage share of cheques in retailAs of F.Y 2014, percentage share of cheques in retail
payments reduced to 35% from 66% in F.Y 2010; and sharepayments reduced to 35% from 66% in F.Y 2010; and share
of electronic payments have increased from 34% in F.Y 2010of electronic payments have increased from 34% in F.Y 2010
to 65% in F.Y 2014.to 65% in F.Y 2014.
• NPCI set up in 2009: to act as the umbrella institution for allNPCI set up in 2009: to act as the umbrella institution for all
sorts of retail payments.sorts of retail payments.
• NPCI currently handles around 18mn transactions daily.NPCI currently handles around 18mn transactions daily.
7. • Total Number of ATMs at present= 2lac approx. which isTotal Number of ATMs at present= 2lac approx. which is
around 15 ATMs per 1 lac people. Very minimal than that ofaround 15 ATMs per 1 lac people. Very minimal than that of
BRIICS countries where per 1 lac people, the figures are 130,BRIICS countries where per 1 lac people, the figures are 130,
120,50 and 62.120,50 and 62.
• Installed 1.1 million POS terminals constitute less than 10% ofInstalled 1.1 million POS terminals constitute less than 10% of
the 14mn merchants in India.the 14mn merchants in India.
• e-commerce sector set to touch 137 bn by 2020.e-commerce sector set to touch 137 bn by 2020.
8. EVOLUTION OF PAYMENT & SETTLEMENT SYSTEMS INEVOLUTION OF PAYMENT & SETTLEMENT SYSTEMS IN
INDIAINDIA
1980 MICR was introduced to mechanise the cheque clearing system
1990s ECS and EFT were introduced, thus permitting issuance of Credit and Debit cards
1996 Institute for Development & Research in Banking Technology (IDRBT) was set-up for technical upgradation and
developing a reliable network
2001 Clearing Corporation of India Limited (CCIL) was set-up by banks, financial institutions and primary dealers
2003 National Financial Switch (NFS) was introduced for interconnectivity of ATMs across the country
2004 Core Banking Systems (CBS) was introduced by banks, and alongside RTGS and NEFT were introduced by RBI
2007 Payment and Settlement Systems Act (PSS Act, 2007) came into existence
9. 2008 Cheque Truncation System (CTS) was introduced, and alongside the National Payments Corporation of
India (NPCI) was also set-up
2009 Introduction of 2nd
factor authentication : “Card Not Present”, the first of its kind in the world
2010 Immediate Payment Service (IMPS) was introduced by NPCI
2012 NPCI launched RuPay, the domestic card payment network
2014 RuPay Card was dedicated to India by President Pranab Mukherjee on 8th
of May, 2014
2008-15 Improvising of payment infrastructure through creation of AEPS, APBS, NACH, NUUP
10. PAYMENT LANDSCAPE: GLOBALPAYMENT LANDSCAPE: GLOBAL
• Undergoing constant transformation ever since first ATM launched in US inUndergoing constant transformation ever since first ATM launched in US in
1969.1969.
• Growth of domestic card schemes like CUP of China, ELO of Brazil, and ourGrowth of domestic card schemes like CUP of China, ELO of Brazil, and our
very own RuPay pose tough competition to global card schemes andvery own RuPay pose tough competition to global card schemes and
network.network.
• Around 7.7 bn bank cards will be issued by domestic card issuers by end ofAround 7.7 bn bank cards will be issued by domestic card issuers by end of
year 2017.year 2017.
• Stored-value cards and e-wallets such as m-Pesa and Paytm are some successStored-value cards and e-wallets such as m-Pesa and Paytm are some success
stories.stories.
• Google-wallet, Apple Pay signifies entry of social sites and tech cos. Into theGoogle-wallet, Apple Pay signifies entry of social sites and tech cos. Into the
payments sector.payments sector.
11. NPCI: OFFERING DIFFERENT PLATFORMS FOR PAYMENTSNPCI: OFFERING DIFFERENT PLATFORMS FOR PAYMENTS
• A Section 8 Company under Companies Act,2013.A Section 8 Company under Companies Act,2013.
• Started with 10 core promoter banks, but soon going to add 50 new banksStarted with 10 core promoter banks, but soon going to add 50 new banks
as its shareholders.as its shareholders.
• CTS : reduced the time for clearing of cheques through Clearing Houses;CTS : reduced the time for clearing of cheques through Clearing Houses;
gets cleared in T+1 days; 3 Grids: 66 MICR centers.gets cleared in T+1 days; 3 Grids: 66 MICR centers.
• NACH : centralised clearing house for all ECS transactions; NACH Debit &NACH : centralised clearing house for all ECS transactions; NACH Debit &
NACH Credit; NACH Debit: efficient mandate-based debit services by useNACH Credit; NACH Debit: efficient mandate-based debit services by use
of UMRN; NACH Credit: creates only a single debit in user institution’sof UMRN; NACH Credit: creates only a single debit in user institution’s
bank account and provides credit (pension, salary etc.) to beneficiaries.bank account and provides credit (pension, salary etc.) to beneficiaries.
12. • NFS: ATMs across the country get connected via this switch; it has 470NFS: ATMs across the country get connected via this switch; it has 470
Banks and connected to approx 2.03 lac ATMs.Banks and connected to approx 2.03 lac ATMs.
• APBS: applicable in DBT schemes based on Aadhaar Card Numbers;APBS: applicable in DBT schemes based on Aadhaar Card Numbers;
bulk payment systembulk payment system
• NUUSD: does not require any app to be downloaded or have GPRSNUUSD: does not require any app to be downloaded or have GPRS
connectivity to enjoy USSD solutionconnectivity to enjoy USSD solution
• eKYC: electronic Aadhaar based KYC; workable on mobile, PC, interneteKYC: electronic Aadhaar based KYC; workable on mobile, PC, internet
based channels.based channels.
• White Label ATMs: around 7000 WLA s of 7 WLAOs are at present.White Label ATMs: around 7000 WLA s of 7 WLAOs are at present.
13. RUPAY: SAY GOODBYE TO MASTERCARD AND VISARUPAY: SAY GOODBYE TO MASTERCARD AND VISA
•Only the 6Only the 6thth
nation in the world to have a domestic payment gatewaynation in the world to have a domestic payment gateway
•More than 170 mn RuPay cards have been issued till dateMore than 170 mn RuPay cards have been issued till date
•Issued by more than 400 banksIssued by more than 400 banks
•Usable in 12 lac+ PoS terminals & 30,000+ e-com merchantsUsable in 12 lac+ PoS terminals & 30,000+ e-com merchants
•Partnered with JCB International for global usagePartnered with JCB International for global usage
•Nearly 13% of all transactions are done via RuPay Debit cardsNearly 13% of all transactions are done via RuPay Debit cards
•RuPay Credit Cards will be launched in 2016RuPay Credit Cards will be launched in 2016
14. IMPS: INSTANT FUNDS TRANSFERIMPS: INSTANT FUNDS TRANSFER
• It is a 24*7 inter-bank electronic fund transfer serviceIt is a 24*7 inter-bank electronic fund transfer service
• Obtain MMID and MPIN from the bank: then download theObtain MMID and MPIN from the bank: then download the
required Application for using the service to remit moneyrequired Application for using the service to remit money
• The beneficiary should also obtain the MMID from the bankThe beneficiary should also obtain the MMID from the bank
• Minimum value: Re.1/- ; Maximum value Rs. 2 lac/-Minimum value: Re.1/- ; Maximum value Rs. 2 lac/-
• PNB tied up with Xoom Corp. for instant transfer of funds fromPNB tied up with Xoom Corp. for instant transfer of funds from
US to India using IMPS facilityUS to India using IMPS facility
• 107 member banks107 member banks
15. INNOVATIVE PAYMENT MODELS AROUND THEINNOVATIVE PAYMENT MODELS AROUND THE
WORLDWORLD
• m-Pesa of Kenyam-Pesa of Kenya
• China Union Pay (CUP)China Union Pay (CUP)
16. LATEST DEVELOPMENTS IN THE PAYMENT SCENARIOLATEST DEVELOPMENTS IN THE PAYMENT SCENARIO
GLOBALLY INCLUDING INDIAGLOBALLY INCLUDING INDIA
• VenmoVenmo
• PayPalPayPal
• PingPay of Axis BankPingPay of Axis Bank
• KayPayKayPay
• icicibankPayicicibankPay
17. One of the main objective of project was toOne of the main objective of project was to
check the performance of transactions undercheck the performance of transactions under
NEFT by 15 selected major banks for threeNEFT by 15 selected major banks for three
financial yearsfinancial years
18. NEFT PERFORMANCE OVER LAST THREE FINANCIAL YEARS:NEFT PERFORMANCE OVER LAST THREE FINANCIAL YEARS:
JULY 2012 TO JUNE 2015JULY 2012 TO JUNE 2015
19.
20.
21. •NEFT projections: Outward Debit comparisons of transaction amount inNEFT projections: Outward Debit comparisons of transaction amount in
Rs. Crore.Rs. Crore.
22. • NEFT projections: Inward Credit comparisons of transactionNEFT projections: Inward Credit comparisons of transaction
amount in Rs. Crore.amount in Rs. Crore.
23. RTGS PERFORMANCE OVER LAST THREE FINANCIAL YEARS:RTGS PERFORMANCE OVER LAST THREE FINANCIAL YEARS:
JULY 2012 TO JUNE 2015JULY 2012 TO JUNE 2015
24.
25.
26. • RTGS projections: Comparisons of Outward transaction amount in Rs.RTGS projections: Comparisons of Outward transaction amount in Rs.
Crore.Crore.
27. • Mobile Banking projections: Compariosns for transactionMobile Banking projections: Compariosns for transaction
amount (in Rs.’000)amount (in Rs.’000)