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Recently, SWIFT system was hacked and $81 million was successfully stolen. The money was sent to the Philippines to accounts at the Rizal Commercial Banking Corp (RCBC) held by two Chinese nationals who organize gambling junkets in Macau and the Philippines, as stated in this article.

On Thursday, Airtel announced that its Airtel Payments Bank customers would be allowed to withdraw cash from ATMs in India without using cards. To allow the same, Airtel has partnered with cloud-based payments solution firm, Empays, to provide a facility called Instant Money Transfer (IMT).

For the maximum privilege of the non-account holders, the RBI has stamped on a new set up of the payment system. According to this system, funds can be transferred via Automated Teller Machines (ATMs) from the back account holders' account to those having no account in bank. Taking a positive step towards financial inclusion using technologies, the RBI governor Raghuram Rajan informed at the Nasscom summit on Wednesday, "Essentially, the sender can have the money withdrawn from his account through an ATM transaction. The intermediary processes the payment, and sends a code to the recipient on his mobile that allows him to withdraw the money from any nearby bank's ATM."

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