After Airtel, Idea, RIL, Vodafone India applies for payment bank licence
Vodafone India has also applied for payments bank licence with the Reserve Bank of India (RBI). The company is exploring options for partnerships for the proposed banking venture. The Payment banks would be allowed payments and remittance services through various channels. However, such lenders, cannot issue credit cards or undertake lending activities. "Vodafone has filed an application with Reserve Banka of India (RBI) for the Payments Bank licence. We are... Read More
