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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

Reserve Bank of India to allow banks to open digital banking units

News | Online & Mobile Banking | 11 Apr 2022

The Reserve Bank of India (RBI) has introduced norms to allow commercial banks to open digital banking units (DBU), according to Business Standard.

RBI, digital banking, regulation