Banking

The truth about Aadhaar’s security: Here’s why Aadhaar’s greatest threat lies within

January 18, 2018

“The introduction of the Virtual ID seems to be a knee-jerk reaction of the UIDAI to the recent debate on threats to privacy in the Aadhaar database,” says she. “We’re at a loss to explain to the slum community, where we work, now totally dependent on Aadhaar to access government welfare benefits, how to go […]

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Understanding Recurring Payments

December 29, 2017

Recurring Payments, also known as AutoPay, are automatic payments where you authorize us to collect the total charges from your credit card or bank account every month. This amount is deducted on the due date of every billing cycle, so that you never have to worry about late fees. Today, the recurring payments model is […]

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Government warns against virtual currencies, including Bitcoins; compares them with Ponzi schemes

December 29, 2017

IANS 29 December 2017   Noting that virtual currencies like Bitcoin have no “intrinsic value”, the Indian government on Friday sounded the alarm on the phenomenon of cryptocurrencies, comparing them with the notorious Ponzi schemes floated to dupe gullible investors. A Finance Ministry statement said that as virtual currencies (VCs) were not backed by assets, […]

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