Payment Banks is ‘doorstep banking’ loaded with futuristic amenities...
of ‘Payments Bank’ initiated by Reserve Bank of India (RBI) to cast away
traditional banking is reality and reaching to customer through interactive and
feasible mobile phones services. The Payment Banks can accept transfers through
mobile phones and services like automatic payments, purchases will pave way for
the step of ‘cashless transaction’.
The step was
taken to ease pressure on tradition banking structure and after demonatisation its
role is becoming crucial...