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Discover all the Company news on RBI and other articles related to RBI in The Paypers News, Reports, and insights on the payments and fintech industry:

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RBI bars Kotak Bank

News | Online & Mobile Banking | 26 Apr 2024

The RBI has ordered Kotak Mahindra Bank to stop onboarding new customers through its online and mobile banking channels and stop issuing new credit cards. 

regulation, banking, online banking, mobile banking, digital banking, financial services, financial institutions

India Central Bank to use AI for instant payments

News | Online Payments | 15 Aug 2023

India Central Bank has proposed new AI-powered instant conversational payments in order to improve the overall digitalisation process in the region.

product launch, artificial intelligence, machine learning, payments , UPI, online payments, digital payments, mobile payments

RBI partners with ION to adopt its ISO 20022 solution

News | Digital Identity, Security & Online Fraud | 12 Jul 2023

Trading, analytics, treasury, and risk management solutions provider ION has partnered with Raiffeisen Bank International (RBI) to implement its ISO 20022 solution.

partnership, ISO 20022, SWIFT, payments , TARGET2, FX , cross-border payments, Swift messages, banking, KYC, compliance, fintech, paytech

RBI approves CRIF Connect to act as an account aggregator

News | Online & Mobile Banking | 29 Mar 2023

CRIF Connect, a subsidiary of credit bureau company CRIF, has received approval by the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company-Account Aggregator (NBFC-AA), according to Financial Express

data aggregation, central bank, Open Banking, financial data

Worldline ePayments India licenced as a payment aggregator

News | Payments General | 22 Dec 2022

Digital payment processing firm Worldline ePayments India has received in-principle authorisation to act as a payment aggregator (PA) from the Reserve Bank Of India (RBI).

payments , payment gateway, payment processor, payment institution, payments aggegator license, payments aggregator, regulation, license

Raiffeisen Bank International partners with FinLync

News | Online & Mobile Banking | 06 Oct 2022

Raiffeisen Bank International has signed a partnership agreement with treasury fintech FinLync to provide cash management services via corporate bank APIs.

banks, partnership, fintech, API, real-time payments

China-Russia ties grow stronger, India investigates Chinese lending apps

News | Online & Mobile Banking | 19 Aug 2022

Russia has jumped to become the third largest market for the yuan, according to Reuters, while Chinese digital lending apps are investigated by the Reserve Bank of India, moneylife.in reports.

Russia Ukraine War, lending, online fraud, digital banking, Mir

Innoviti receives payment aggregator license from RBI

News | Online Payments | 26 Jul 2022

India-based fintech Innoviti Payment Solutions has received approval from the Reserve Bank of India (RBI) to operate as a payment aggregator in the country. 

POS, mPOS, eftpos, payment gateway, online payments, merchants, payment methods, EMI licence

RBI discusses a potential ban on cryptocurrencies

News | Cryptocurrencies | 18 Jul 2022

The Reserve Bank of India (RBI), the country’s national bank, has discussed the future of virtual digital assets, indicating a strong regulation or total ban of cryptocurrencies in the world’s second largest Internet market.

regulation, regulatory sandbox, cryptocurrency, cryptocurrency exchange, crypto, crypto asset, central bank, NFT

Razorpay and Pine Labs receive payment aggregator licence from RBI

News | Payments General | 08 Jul 2022

India-based Razorpay and Pine Labs have gotten approval from the Reserve Bank of India (RBI) for payment aggregator licence.

RBI, fintech, certification, regulation, payment gateway, startup

Mufin Finance receives RBI's Prepaid Payment Instrument license

News | Payments General | 28 Jun 2022

India-based fintech Mufin Finance has been granted in-principal RBI approval for issuance of semi-closed prepaid payment instruments.

RBI, fintech, digital payments, lending, digitalisation

Reserve Bank of India launches blockchain trade financing project

News | Cryptocurrencies | 27 Jun 2022

The Reserve Bank of India (RBI) has launched a blockchain-based trade financing pilot project.

central bank, blockchain, regulatory sandbox, trade finance

India's central bank to introduce digital currency in phases

News | Cryptocurrencies | 31 May 2022

The Reserve Bank of India has planned to introduce its digital rupee central bank digital currency (CBDC) in a phased manner, according to beincrypto.com.

RBI, CBDC, Bitcoin, regulation, digital currency