Hanoi (VNA) - Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than 500,000 VND (21.5 USD) following the move of the National Payment Corporation of Vietnam (NAPAS) to cut switching fees with an aim to promote cashless payments. Among them, ten would offer zero charges for 24/7 interbank transfer services, namely Techcombank, MB, VietCapital Bank, VPBank, TPBank, OCB, Pvcombank, SeABank, CIMB and UOB. BIDV, Kienlongbank, SaigonBank and CoopBank reduced their fees by up to 90 percent to below 2,000 VND per transaction. Vietcombank reduced the interbank fees from 7,700 VND to 5,500 VND for transactions conducted on VCB-iBanking, VCB-Mobile Banking, VCBPay and ATM booths. Eximbank offered zero charges for interbank transfers on its internet banking and mobile banking services. For offline interbank transactions, Eximbank would reduce its fee to 8,800 VND, compared to the old fee equivalent to 0.03 percent of the … [Read more...] about Local commercial banks cut interbank transfer fees
NEW DELHI: Nifty futures on the Singapore Exchange traded 94 points, or 0.80 per cent, lower at 11,724, indicating a gap-down start for Dalal Street. Cipla: The drug maker has received a warning letter by USFDA for Goa facility. Bandhan Bank: RBI has allowed Bandhan Bank to open branches without its prior approval, lifting a ban imposed on the lender for failing to reduce promoter ownership below the mandated 40%. Vodafone Idea: India's mobile phone subscribers count fell by about 3.2 million to 1.15 billion in December, according to data released by the country's telecoms regulator on Tuesday. Vodafone Idea lost 3.6 million subscribers. BPCL: Sell-off-bound Bharat Petroleum has procured 500 million barrels of distress crude (five shiploads) at a discount of $3-5 per barrel to the already low prevailing price following order cancellations by coronavirus-hit China this month. IRB Infra: Toll road firm IRB Infrastructure Developers on Tuesday said it has bagged a contract for … [Read more...] about Stocks in the news: Bandhan Bank, Voda Idea, YES Bank, IRB Infra and BPCL
Bengaluru: For class attendance to samosas at the canteen, banks have tied up with educational institutions for debit-cum-NFC cards that function as a regular debit card and can be used for micro-payments. The cards can serve as identity card (with the student’s name, photograph, roll number) or a prepaid/debit card or library membership card (tracking readership, books borrowed) or attendance card (access to gym, classes, labs) or billing card (usage of college facilities such as canteen, bus, shuttle). DCB Bank, Visa and money management app Slonkit together have issued a multipurpose card as a prepaid cardlinked to a mobile wallet, which also lets students check their balance, and budget their monthly expenses. The mobile wallet/app also helps educational institutions to send push notifications to students regarding exam dates, fees, etc. “We have 12 colleges, which have signed up with us...polytechnic colleges, arts & science and engineering colleges in Mumbai … [Read more...] about Banks power cashless campuses
There are shortcomings both of local education and local content. Millions would be far more engaged in the internet if there was more material in their local language. That’s a tall order given the 2,500 languages and dialects spoken across the continent. And as pointed out by Josiah Mugambi, executive director of Nairobi’s iHub, training consumers in how to use technology is also essential. “In some parts of Kenya, there are people who will struggle to use a smartphone, at least at first,” he says. … [Read more...] about Can the internet reboot Africa?
Previous and related coverage Slickwraps says customer trust was 'violated' in data breach caused by glaring security holesHealth Share of Oregon discloses data breach, theft of member PIIP&N Bank discloses data breach, customer account information, balances exposedHave a tip? Get in touch securely via WhatsApp | Signal at +447713 025 499, or over at Keybase: charlie0 … [Read more...] about Samsung says Find my Mobile glitch not connected to recent data leak