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How ATMs Make Money – Let's Find Out! 🤑💸 1. Transaction Fees: When you withdraw money from an ATM, you are charged a certain fee. This fee goes to the ATM operator and is a significant source of their income. 2. Balance Inquiry Fees: Checking yo

Important RBI rules for credit cards Bank can't charge joining fee if customer has not activated their credit card CC should be automatically closed if not used for more than a year Rs 100 compensation per day for delay in closure of credit cards

The Reserve Bank of India (RBI) has announced that it will soon revise the transaction limits for Unified Payments Interface (UPI) payments made to merchants, also known as person-to-merchant (P2M) transactions. This move is aimed at enhancing the ef

A story on ATMs - Total number of ATMs India had at the end of fy23 was 1.31 lakhs. These are standalone ATMs that aren't inside a bank's branch. This figure is about 1.5% more than last year. This tiny growth isn't driven by banks, but instead by

Do you know that according to industry estimates, processing UPI transactions costs stakeholders approximately 0.25% of the transaction value. In FY24 alone, these costs amounted to nearly Rs 12,000 crore, with Rs 4,000 crore incurred for transactio

LATEST NEWS Paytm Money receives Sebi approval to offer research analyst services Paytm's share price rose 7.79 per cent, closing at Rs 742.45 on Tuesday on the Bombay Stock Exchange Brookfield Corp sells 5.13% unit holding in BIRET for Rs 883 cro

Hello, I’m Abubakar Yahaya Inuwa, founder of EventNukhba. Recently, it has become difficult for Nigerians to use ATM cards or send remittances from Nigerian banks to India, as these services no longer function as they used to. This has caused major c

💡 IDEA: Ek ATM-type machine jo logon ko cash se online money transfer aur online se cash withdrawal ki facility degi — bina bank ya agent ke. 🚀 PROBLEM: India ke crores logon ke paas cash hota hai, lekin unhe turant online transfer karne ke liye a

Nobody in India ever talks about how Paytm’s Vijay Shekhar Sharma is literally holding a 10.3% stake ON BEHALF OF China’s Jack Ma! 🙏🙏 This is a stake that VSS did not pay a dime for, and was rather loaned by Jack Ma’s Antfin via a smart transactio