Daily Archives: April 13, 2016

One of the suggestions under the Unified Payment Interface is that the participating bank would issue a “Virtual Address” to the customer. This will replace the account number. This virtual address would be used by remitters to send payment. This … Continue reading →

The Unified Payment System launched by RBI on 12th April 2016 on a platform managed by National Payment Corporation of India (NPCI) poses a huge challenge to the security of public money held in Banks. As we go forward, the … Continue reading →