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Boku IN secures in-principal payment aggregator authorisation from RBI

News | Mobile Payments | 06 Feb 2023

Provider of mobile payment solutions Boku IN has received and in-principle authorisation, enabling more payment choice for Indian consumers and Boku merchants.

payments aggegator license, RBI, mobile payments, merchants, digital payments

Paytm gets final RBI approval to operate as Bharat Bill Payment Operating Unit

News | Payments General | 17 Jan 2023

Payments company Paytm has gotten approval from the Reserve Bank of India (RBI) to operate as a Bharat Bill Payment Operating Unit (BBPOU).

RBI, Paytm, payments aggegator license, digital payments, payment processing

BharatPe receives in-principle online payment aggregator approval from RBI

News | Online Payments | 11 Jan 2023

India-based fintech BharatPe has gotten an in-principle authorisation from the Reserve Bank of India (RBI) to operate as online payment aggregator (PA).

payments aggegator license, RBI, online payments, fintech, digital payments

RBI creates single-block-and-multiple debits functionality in UPI

News | Online & Mobile Banking | 07 Dec 2022

The Reserve Bank of India has introduced a single-block-and-multiple debits functionality in UPI to augment payments for ecommerce and investments in securities.

UPI, RBI, product upgrade, ecommerce, investment

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

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

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

Apple halts payment acceptance for cards issued by Indian banks

News | Cards | 06 May 2022

Apple has stopped accepting payments via debit and credit cards in India.

Apple, debit card, credit card, RBI, subscription payments

SEBI to join account aggregator framework in India

News | Online & Mobile Banking | 03 May 2022

India-based market regulator the Securities and Exchange Board of India (SEBI) has planned to join the account aggregator (AA) framework, according to moneycontrol.com.

 

data aggregation, Open Banking, RBI, financial data

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

India: Coinbase to suspend crypto payments

News | Cryptocurrencies | 11 Apr 2022

Three days after adding support for the Unified Payments Interface payment instrument in India, Coinbase has removed the feature to purchase Bitcoin using the system in India, according to Bitcoinist.

UPI, Bitcoin, RBI, NPCI, cryptocurrency exchange, cryptocurrency

GLEIF welcomes Rubix Data Sciences as first validation agent in India

News | Digital Identity, Security & Online Fraud | 23 Mar 2022

The Global Legat Entity Identifier (GLEIF) has announced the Rubix Data Sciences has become the first Indian Validation Agent in the LEI system.

certification, RBI, KYC, AML, risk management

Razorpay buys fintech startup IZealiant Tech

News | Payments General | 17 Mar 2022

India-based fintech Razorpay has acquired fintech startup IZealiant Tech to further augment its banking solutions arm’s technologies for partner banks.

Razorpay, fintech, API, RBI, banking

RBI launches UPI for feature phones and digital payments helpline

News | Online Payments | 16 Mar 2022

The Reserve Bank of India has launched UPI123Pay to make Unified Payments Interface (UPI) payments for feature phone users, and DigiSaathi – a 24x7 Helpline for digital payment users. 

RBI, UPI, online payments, mobile payments, contactless payments

RBI blocks Paytm from signing up new customers

News | Mobile Payments | 14 Mar 2022

India-based payments bank Paytm has decreased in valuation after the Reserve Bank of India barred the company from taking on new customers.

RBI, mobile payments, contactless payments, digital onboarding, payment methods

Tru.ID announces SIM-based authentication in India

News | Digital Identity, Security & Online Fraud | 28 Jan 2022

Mobile verification platform tru.ID has announced its launch in India to help fintechs, banks, and ecommerce platforms to prevent identity fraud and provide safe and secure transactions.

RBI, multi-factor authentication, online authentication, fraud detection, fraud prevention, ecommerce, online payments

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 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

No card required for recurrent online shopping from 2022, says RBI

News | Online Payments | 22 Dec 2021

Reserve Bank of India (RBI) has revealed that its new payment approach will make recurrent online card payments faster for shoppers.

RBI, tokenization, online payments, ecommerce, payment methods