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RBI denies payment aggregator licence for Paytm

News | Payments General | 28 Nov 2022

The Reserve Bank of India (RBI) has declined to give a payment aggregator (PA) to fintech Paytm, and has been bard from onboarding new online merchants.

RBI, Paytm, merchants, merchant onboarding, regulation

The Reserve Bank of India prepares to launch a CBDC pilot

News | Cryptocurrencies | 24 Nov 2022

The Reserve Bank of India (RBI) has started to prepare the rollout of a retail digital rupee pilot following a testing phase of the wholesale usage of its CBDC.

cryptocurrency, CBDC, central bank, crypto asset

Reserve Bank of India working on plans on CBDC

News | Cryptocurrencies | 10 Oct 2022

The Reserve Bank of India has announced plans on a phased introduction of a central bank digital currency and will put forth a final design after it has conducted large scale pilot projects.

CBDC, central bank, digital currency, fintech, cryptocurrency, crypto asset

Reserve Bank of India is considering running a CBDC trial

News | Cryptocurrencies | 12 Sep 2022

The Reserve Bank of India (RBI) has consulted with public sector banks and fintechs such as FIS in order to test out a central bank digital currency.

banks, CBDC, cryptocurrency, digital assets

RBI launches UPI payments service phones

News | Mobile Payments | 09 Mar 2022

The Reserve Bank of India (RBI) has announced the official launch of a new service that allows users to make UPI payments on their phones.

Reserve Bank of India, UPI, online payments, digitalisation, payments , mobile payments, mobile money

Cred to apply for account aggregator licence in India

News | Online & Mobile Banking | 04 Mar 2022

Dreamplug Technologies, which operates fintech startup Cred, has decided to apply for an account aggregator (AA) licence from the Reserve Bank of India (RBI), according to The Economic Times.

 

startup, fintech, Open Banking, data aggregation, banking license

Reserve Bank of India chooses Intellect's Quantum Core Banking solution

News | Online & Mobile Banking | 04 Mar 2022

Reserve Bank of India (RBI) has chosen Intellect, a cloud-native fintech, to implement the upgraded version of the Cloud-Native Intellect Quantum Core Banking solution.

Reserve Bank of India, banks, central bank, cloud, digitalisation

RBI sets up fintech department

News | Online & Mobile Banking | 14 Jan 2022

India’s central bank has set up a new department to focus on all matters related to fintech in the country. 

central bank, banks, fintech, CBDC, RBI

RBI to establish fintech department

News | Online & Mobile Banking | 10 Jan 2022

The Reserve Bank of India (RBI) has announced it will put together a separate fintech department in view of the segment’s changing landscape.

fintech, product launch, Reserve Bank of India, digitalisation, central bank

Airtel Payment Bank receives scheduled bank approval in India

News | Online & Mobile Banking | 05 Jan 2022

The Reserve Bank of India (RBI) has announced it has included Airtel Payment Bank in the list of approved financial institutions to operate as a scheduled commercial bank.

Open Banking, KYC, digital banking

RBI warns cryptocurrency may impact financial stability

News | Cryptocurrencies | 05 Jan 2022

The Reserve Bank of India (RBI) has warned about multiple risks cryptocurrency poses to the country’s financial stability. 

central bank, banks, RBI, cryptocurrency, fraud management

Fino Payments Bank receives RBI approval for international remittance business

News | Payments General | 03 Jan 2022

Fino Payments Bank has received approval from Reserve Bank of India (RBI) for starting international remittance business under the money transfer service scheme (MTSS).

banks, remittance, product upgrade, cross-border payments, merchant