Discover all the Company news on Reserve Bank Of India and other articles related to Reserve Bank Of India in The Paypers News, Reports, and insights on the payments and fintech industry:
Discover all the Company news on Reserve Bank Of India and other articles related to Reserve Bank Of India
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The Reserve Bank of India (RBI) has proposed a plug-and-play system to improve interoperability in cross-border payments.
cross-border payments, payment methods, CBDC, financial inclusion
The Reserve Bank of India has reported that India holds 48.5% of global real-time payments and leads in remittances with USD 115.3 billion in 2023.
real-time payments, remittance, digital payments, growth markets, report
The Reserve Bank of India has imposed a monetary penalty of USD 49.562 on Manappuram Finance Limited for not adhering to KYC guidelines
KYC, fraud management, merchants, online payments, payments
The Reserve Bank of India (RBI) has joined Project Nexus, an international initiative to enable instant cross-border retail payments by interlinking domestic FPS.
instant payments, P2P payments, UPI, cross-border payments, real-time payments
Jupiter, a neobanking platform, has been granted a Prepaid Payment Instruments (PPI) licence by the Reserve Bank of India (RBI), as announced by the regulatory body.
banking license, digital banking, compliance, lending
The Reserve Bank of India Governor has announced the establishment of a digital payments intelligence platform to address digital payment fraud in India.
fraud prevention, digital payments, data sharing, banks
Neobank startup Fi has secured a non-banking finance company (NBFC) licence from the Reserve Bank of India.
neobanks, banking, fintech, startup, regulation
Online payment solutions provider PayU has announced that it received in-principal approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA).
SMEs, merchant, online payments, payment methods, payments aggregator
The Reserve Bank of India (RBI) has planned to issue an additional licence category for point of sale (POS) businesses in a bid to improve the offline payments ecosystem.
payments aggegator license, KYC, fraud management, fraud prevention, POS
UK-based fintech company Revolut has obtained an in-principal authorisation from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI) in the region.
payments , mobile payments, financial inclusion, local payment method, cross-border payments
The Reserve Bank of India (RBI) has proposed to set up Digital India Trust Agency (DIGITA) to tackle illegal lending apps, verify approved ones, and promote transparency.
lending, fraud prevention, financial crime, digital verification, regulation
The Reserve Bank of India has announced its plans to launch an interoperable payment system for internet banking for faster fund settlements.
product launch, payments , digital payments, online payments, mobile payments, ecommerce, customer experience
Amazon Pay has secured a payment aggregator licence from the Reserve Bank of India, being enabled to offer online merchant payment solutions to its clients.
payments aggegator license, payments , online payments, mobile payments, digital payments, ecommerce
The Reserve Bank of India has directed the National Payments Corporation of India (NPCI) to review a request from Paytm.
banks, payment processing, compliance, digital payments
The Reserve Bank of India (RBI) and Nepal Rastra Bank (NRB) are in discussions to connect their respective fast payment systems to facilitate cross-border remittances between India and Nepal.
central bank, UPI, cross-border payments, remittances
The Reserve Bank of India (RBI) has urged Visa and Mastercard to halt card-based business-to-business (B2B) payments routed via third-party fintech firms.
payments , B2B payments, KYC, compliance, fintech
The Reserve Bank of India (RBI) has revealed its intention to explore offline solutions to improve CBDC adoption in India’s remote areas.
cryptocurrency, CBDC, digital assets, banks
India-based fintech infrastructure platform Decentro has received its final payment aggregator licence from the Reserve Bank of India (RBI).
payments aggegator license, payments , fintech, financial services, financial institutions
Youth-focused neobank Muvin has announced its decision to shut down its operations, as a result of the RBI direction which forbade UPI in a co-branding deal.
regulation, banking, mobile banking, digital banking, online banking, financial services, financial institutions
India-based Paytm has suffered a significant dip in its market valuation following an order issued by the Reserve Bank of India.
banks, compliance, regulation, payments