Articles with tag like: RBI

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SBI Payments to launch mobile POS solution

News | Mobile Payments | 22 Feb 2021

SBI Payments is launching the YONO merchant app to expand the digitisation of merchant payments in India.

SBI Payments, SBI, India, Asia, YONO, soft POS, merchants, RBI, mobile payments

India to ban private cryptocurrencies

News | Cryptocurrencies | 01 Feb 2021

The Indian Parliament has announced it will consider a government-introduced bill that would ban private cryptocurrencies in its upcoming budget session. 

India, crypto, crypto exchange, RBI, banking, blockchain, central bank, CBDC

India-based Eroute to launch UPI-based offline payments solution

News | Payments General | 13 Jan 2021

Fintech startup Eroute Technologies has announced plans to launch an offline payments solution based on the Unified Payment Interface (UPI), according to electronicpaymentsinternational.com.

Eroute Technologies, UPI, offline payments, product launch, India, fintech, startup, Unified Payment Interface, real time payments, NPCI, RBI, USSD

RBI rolls out digital payment index

News | Payments General | 05 Jan 2021

The Reserve Bank of India (RBI) has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments across India, according to thehindu.com.

RBI, Reserve Bank of India, RBI, Digital Payments Index, DPI, digitisation, payments

TReDS platform M1xchange secures USD 4.5 mln investment

News | E-invoicing, SCF & E-procurement | 18 Dec 2020

Reserve Bank-approved TReDS platform M1xchange has raised USD 4.5 million in equity round funding from Singapore-based BENEEXT Asia and Mayfield.

tReds, M1Xchange, investment, RBI, Reserve Bank, Singapore, BENEEXT Asia, Mayfield, SCF, supply chain finance, licence, MSME

RBI's Elevator Lab selects four fintechs to develop Proof of Concept

News | Online & Mobile Banking | 18 Dec 2020

Raiffeisen Bank International’s Partnership Programme Elevator Lab has taken place virtually in the second half of 2020, selecting four winners: iFactor, Synerise, Zentity, and FinLync.

RBI, Raiffeisen Bank International, Elevator Lab, fintech, proof of concept, partnership program, iFactor, Synerise, FinLync, Zentity

IndusInd Bank goes live on RBI's Account Aggregator Framework

News | Online & Mobile Banking | 30 Oct 2020

IndusInd Bank has gone live as a Financial Information Provider (FIP) under the new ‘Account Aggregator Framework’ of the Reserve Bank of India (RBI), making it the first bank in the country to do so.

IndusInd Bank, RBI, Account Aggregator Framework, Open Banking, finance management, loans, consent, SMEs

RBI announces RTGS to run 24x7 from December 2020

News | Payments General | 12 Oct 2020

The Reserve Bank of India (RBI) has announced that online transfer of funds through real-time gross settlement (RTGS) will be available round-the-clock from December 2020, according to mint.

RBI, RTGS, Reserve Bank of India, real time gross settlement, India, online payments, transfers, funds, real time transfers, gross settlement, National Electronica Funds Transfer, NEFT, electronic payments, bank branches

Raiffeisen Bank International rolls out virtual branch powered by Moxtra

News | Online & Mobile Banking | 03 Sep 2020

Raiffeisen Bank International (RBI) has launched RaiConnect, a virtual branch service featuring a full suite of collaborative modules and ePaper workflows in partnership with Moxtra.

Raiffeisen Bank International, banking, remote banking, mobile banking, RBI, RaiConnect, Elevator Lab

RBI report recommends incentives to popularise QR code transactions in India

News | Mobile Payments | 23 Jul 2020

The Reserve Bank of India (RBI) has released a report that shows why the government should provide incentives to popularise usage of QR code transactions.

the Reserve Bank of India, RBI, report, government, incentives, QR code, India, digital payments, Bharat QR, UPI QR, Proprietary QR, interoperable QR, KYC, merchant, electronic payment, Interchange, RuPay Debit card

Open Banking – making advantages visible

Voice of the Industry | Payments General | 09 Jul 2020

Christian Wolf, Head of Strategic Partnerships & Ecosystems in Raiffeisen Bank International (RBI), shares with our readers best practices on Open Banking, APIs, and innovation from RBI

Christian Wolf, Raiffeisen Bank International, RBI, fintechs, banks, Open Banking, APIs, innovation, PSD2, CEE, EIDAS, EBA

iDenfy partners Cashaa to help Indian crypto owners avoid online frauds

News | Digital Identity, Security & Online Fraud | 25 Jun 2020

iDenfy, a Lithuania-based identity verification company, has announced a partnership with Cashaa, UK-based online banking platform. 

iDenfy, Cashaa, partnership, India, cryptocurrency, fraud, online fraud, Lithuania, UK, online banking, banking, transactions , Reserve Bank of India, RBI

Yes Bank raises 1 bln to boost capital

News | Payments General | 19 Jun 2020

India-based Yes Bank has planned to raise at least USD 1 billion through a public offering of shares to boost its capital.

India, YES Bank, banks, commerce, Reserve Bank of India, RBI, SBI, HDFC, ICICI Bank, Kotak Mahindra Bank, Bandhan Bank, Federal Bank, IDFC FIRST Bank

Visa, Mastercard request RBI relaxation on 'tap-and-go' payment limit

News | Cards | 29 May 2020

Visa, Mastercard, and industry body Payment Council of India (PCI) have requested the Reserve Bank of India (RBI) relaxation on ‘tap-and-go’ contactless payment limit.

Visa, MasterCard, Payment Council of India, PCI, Reserve Bank of India, RBI, contactless payments, tap-and-go, cards, Europe, UK, me, SA, contactless card payments, National Corporation of India, NCP, two-factor authentication

Raiffeisen Bank International announces Elevator Lab with new set-up

News | Payments General | 26 May 2020

The fourth round of the Fintech Partnership Program Elevator Lab, which was established by Raiffeisen Bank International (RBI) in 2017, has kicked off.

Raiffeisen Bank International, RBI, fintech, CEE, data, banking, Open Banking, data analytics, loyalty, APIs

RBI extends EMI moratorium

News | E-invoicing, SCF & E-procurement | 25 May 2020

The Reserve Bank of India (RBI) has announced an extension of the moratorium on loan EMIs by three months, by the end of August 2020. 

RBI, EMI, loans, the Reserve Bank of India, moratorium, payments

Bank of India taps Uniken's REL-ID technology to secure online banking channels

News | Digital Identity, Security & Online Fraud | 20 May 2020

Bank of India has chosen Uniken’s REL-ID technology for securing its digital channels and ensuring customers’ cybersecurity.

Bank of India, Uniken, REL-ID, technology, online banking, banking, cybersecurity, mobile app, security, Reverse Bank of India, RBI, digital payments, digital banking, data

Indian crypto businesses seek tax clarity from RBI

News | Cryptocurrencies | 05 May 2020

The cryptocurrency exchanges in India have written to the central bank of India for seeking clarity on the tax front.

commodities, goods, services, currencies, India, cryptocurrency, crypto exchanges, tax, RBI

Indian Bank announces a cut in its lending rates

News | Payments General | 01 Apr 2020

Following a 0.75% reduction in the repo rate announced by the Reserve Bank (RBI), Indian Bank has decided to cut its lending rates.

Reserve Bank, RBI, Indian Bank, lending rates, interest rates, Bank of Baroda, pandemic, consumer loans, banking, India

Card usage rules for international and online payments come into effect in India

News | Cards | 20 Mar 2020

New guidelines that limit the use-cases of all debit and credit cards, that have not been used for international or online transactions have come into effect.

online payments, cards, debit cards, credit cards, online payments, POS, India, merchants, RBI