Tomorrow marks the dawn of a new era as the banking industry changes how cheques are processed and cleared. From Wednesday, Kenyan banks will electronically process and clear cheques, removing the ...

A local business technology solutions provider, Fintech, has come up with a system through which banks could send scanned images instead of Paper Cheques for clearing and settlement, in a process ...

New Delhi: The Reserve Bank of India (RBI) is set to implement same-day cheque clearing mechanism, effectively from from, October 4, to enable cheque clearance within a few hours of being presented, ...

Banks move to continuous cheque clearing from October 4, enabling near real-time settlements and quicker fund access, ...

India’s new real-time cheque clearance system, introduced by the Reserve Bank of India to speed up payments, is facing early teething issues. Many customers have reported delays as the bank staff is ...