RBI Removes Rs 50,000 Cap On Mobile Payments; Asks Telcos & Banks To Get Their Act Together
― The Reserve Bank of India, late last month, removed the Rs 50,000 per-customer-per-day transaction cap it had placed on mobile payments in India, and asked banks to choose their own transaction limits, based on their own risk perception. Mobile banking hasn’t quite taken off in India, and even though it is showing an up-trend, the [...] .








