The ‘Net neutrality’ debate

In the wake of Indian regulators’ calls to ‘exchange views on Over the Top services’, Ravi Rajagopalan, CEO of MEF Member Empays Payment Systems and MEF Asia Board Director, argues that discussion must not lead to market intervention. Read more at the MEF Minute.

Bank of India launches Instant Money Transfer Scheme

Bank of India (BOI) launched IMT (Instant Money Transfer), which allows cardless cash withdrawal at its IMT-enabled New ATMs, a first-of-its-kind initiative by any public sector bank.

Mrs. V. R. Iyer, Chairman & Managing Director, Bank of India, and Mrs. Vaijayanta Anand, Director of Nirman NGO attended the launch event.

At the event, Mrs. Iyer said: “We see this IMT facility as an opportunity to extend the services across bank’s branches, so that the IMT sent from the Beautiful account-holder of one bank, can be withdrawn from other bank ATM.”