Spice Money: Industry Monitoring 20 February 2019
- Priyanka Kanodia
- Feb 20, 2019
- 2 min read
Spice Money
Industry News
Beware! RBI asks citizens not to download THIS app, warns of huge bank frauds
Publication- DNA India
Edition- Online
Date- 20 February, 2019
The Reserve Bank of India has asked citizens to not download an app called the Desk App. The Central Bank has warned that the downloading of desk app could be a fraud to rob you off your financial information and then funds. "AnyDesk" is a software that can do transactions from your bank account through your mobile or laptop. On February 14, the RBI alerted banks about potential fraudulent transactions on the unified payments interface (UPI) platform. RBI said that the cautionary notice was issued in the wake of rising number of fraud using the UPI platform.
In its notice, RBI notified the banks that a mobile app named AnyDesk was being allegedly used to target the mobile phones of customers. The alert was issued by the RBI's cybersecurity and IT examination cell. In its notofication, RBI said that once the app is downloaded, it seeks permission to access control of the phone like other applications. However, when the permission is granted by a user, AnyDesk app allegedly steals confidential data on the phone to carry out fraudulent transactions through other payments app available on the phone.
Please click on the link below:
How to check if Aadhaar card is linked to bank account? Step-by-step guide
Publication- Zee Business
Edition- Online
Date- 20 February, 2019
The government issued the notification on 1st June 2017. It mandates the linking of Aadhaar with all bank accounts. All the banks and financial institutions have been directed to comply with this. The bank accounts that are not linked with Aadhaar will not be operational as per the guidelines by the government.
Even if you have given your Aadhaar details to the bank for updating the same in your account, but it is not updated at all, then to check, UIDAI has now made it simple to check the bank account and Aadhaar linking status online.
Please click on the link below:
ePay Later–Aspiring to Reach Consumers with Digital Credit Offering
Publication- Elets Online
Edition- Online
Date- 20 February, 2019
Aiming at the Credit card penetration in the country which is merely two percent, ePayLater is set to bring Digital Credit in the hands of most consumers and small businesses. It intends to make credit more accessible and convenient for the growing millennial population of India says Uday Somayajula, Co-Founder, ePayLater, in conversation with Harshal Desai of Elets News Network (ENN).
Please brief us on your product – ePayLater? How have you performed over the last three years?
ePayLater offers the simplest possible checkout experience in existence today, providing customers with the ability to conclude a transaction with just a click of the mouse or a tap of the touchscreen. It is a ‘Buy Now, Pay Later’ solution through which customers can get access to an instant credit limit to make faster purchases, that too without having to pay at the same time. Once signed up, a customer can avail a credit limit of upto Rs 20,000. A 14-day interest-free period is provided from the date of purchase to settle the payment.
Please click on the link below:
https://bfsi.eletsonline.com/epaylater-aspiring-to-reach-consumers-with-digital-credit-offering/ 6,67,6
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