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Reserve Bank of India releases regulatory framework for digital lending

News | Payments General | 16 Aug 2022

The Reserve Bank of India (RBI) has released, on 10 August 2022, its regulatory framework for digital lending, following recommendations put forward by the digital lending working group in November 2021.

regulation, central bank, lending, digital banking

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

Reserve Bank of India and Bank Indonesia to expand cooperation

News | Payments General | 19 Jul 2022

The Reserve Bank of India (RBI) and Bank Indonesia have entered into an agreement to expand cooperation in payment systems, digital financial innovation, anti-money laundering, and combating the financing of terrorism (AML-CFT). 

banks, partnership, payments , digitalisation, AML

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

Reserve Bank of India disallows credit lines for non-bank prepaid instruments

News | Payments General | 22 Jun 2022

The Reserve Bank of India (RBI) has issued a notification disallowing non-bank prepaid wallets and prepaid cards from loading credit lines into these platforms.

banks, prepaid card, regulation, fintech, credit card

Reserve Bank of India lifts restrictions on Mastercard

News | Payments General | 20 Jun 2022

The Reserve Bank of India (RBI) has lifted restrictions imposed in 2021 on Mastercard over issuing debit and credit cards to new domestic customers.

central bank, banks, regulation, debit card, credit card

Worldline and Bank of India digitise payment services for PMC

News | Payments General | 27 May 2022

Worldline has partnered with Bank of India (BOI) to digitise citizen services, fines, and tax collections for Panvel City Municipal Corporation (PMC).

Worldline, banks, POS, digitalisation, digital payments