50p reading list #25–13 April
BHIM to start offering cash-backs to users
The BHIM app will start offering incentives like cash backs to users to drive up transaction volumes. The Government has planned to kick it off today, April 14.
Samsung Rewards now available for Samsung Pay users in India
Samsung announces rewards program for users in India. Users will earn rewards for purchases made through Samsung Pay and can redeem it for Samsung products and partner vouchers.
RBI says all Payment Companies and wallets should store data In India
The RBI has asked all Indian payment companies to store data related to payments inside the country. Additionally, the companies are required to comply with these regulations within 6 months.
WhatsApp reveals it shares payments data with third party services.
WhatsApp has now said that it shares information with third party providers and services to operate and improve payments. They further revealed that they shared it with facebook as well under the Payments privacy policy.
MasterCard opens technology centre at Vadodara
Mastercard has opened an expanded Technology Centre in Vadodara. The new centre will work to drive the next level of growth and support for the cashless and digital society initiatives.
Jio and Sodexo announce partnership to integrate meal cards into Jio Money
Reliance Jio has partnered with Sodexo to allow users to add their meal card balance to JioMoney and start transacting through the mobile app.
Jio partners with SBI and commences operation of Jio Payments Bank
Reliance Jio is the sixth payments bank to roll out after the initial set of approvals in August 2015. The recent norms issued for telecom operators regarding KYC requires the use of a third party for KYC verification. This is to ensure that Jio doesn’t open payments bank accounts using the KYC for mobile connections.
