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India-based payments company Paytm has partnered with SBI Card to launch the Paytm SBI Card on the RuPay network.
credit card, partnership, RBI, Alibaba, digitalisation
The Reserve Bank of India has abandoned plans for a high-profile project intended to rival the country’s dominant payment system, Unified Payments Interface (UPI).
UPI, RBI, payments infrastructure, ecommerce, payments
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
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
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
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
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
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
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
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 has stopped accepting payments via debit and credit cards in India.
Apple, debit card, credit card, RBI, subscription payments
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
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
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
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
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
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
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
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
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