Articles with tag like: RBI

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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

NPCI enables the market on Tokenisation for RuPay users with NTS

News | Digital Identity, Security & Online Fraud | 20 Dec 2021

National Payments Corporation of India has started collaborating with companies such as bigbasket and Paytm to introduce a Tokenisation facility supported by the NTS.

NPCI, tokenization, partnership, RBI, fraud prevention, debit card, credit card

BookMyForex tests international money transfers to Visa debit cards

News | Online Payments | 13 Dec 2021

BookMyForex, one of India’s largest online foreign currency exchange platforms has recently started testing an alternative method of transferring fund online under RBI’s regulatory sandbox.

Visa, debit card, RBI, cross-border payments, money transfer, transactions , AML, product upgrade, eKYC, SWIFT

RBI to push UPI payments through feature phones

News | Mobile Payments | 13 Dec 2021

The Reserve Bank of India has announced a proposal to popularise UPI payments on feature phones, bringing the third iteration of the feature phone payments push in the country.

mobile payments, RBI, NPCI, UPI, product upgrade

India to ban cryptocurrencies

News | Cryptocurrencies | 26 Nov 2021

India has announced it will go ahead with its plan to ban most cryptocurrencies in the country under a long-awaited bill.

cryptocurrency, RBI, central bank, digital currency

PayU launches tokenisation solution 'PayU Token Hub' with Visa, Mastercard

News | Digital Identity, Security & Online Fraud | 28 Oct 2021

Netherlands-based payment service provider PayU has announced the launch of ‘PayU Token Hub’, a tokenisation solution for businesses allowing customers to use saved cards.

tokenization, RBI, product launch, Visa, Mastercard, digital identity, credit card, debit card, regulation

RBI allows account aggregator service

News | Digital Identity, Security & Online Fraud | 06 Sep 2021

Reserve Bank of India (RBI) has introduced Sahamati Platform, an account aggregator that doesn’t require KYC for customers who are taking loans, insurance service or investing in mutual funds. 

KYC, banks, data, financial institutions, RBI

Paytm to create new company for payments business

News | Payments General | 01 Sep 2021

Paytm, an India-based payments service provider, has announced turning its payment aggregator business into a new subsidiary, Paytm Payments Services.

RBI, payment gateway, regulation, payment processing

RBI has launched Digital Basket financing programme

News | Payments General | 08 Jun 2021

Raiffeisen Bank International (RBI) has launched a financing programme for digital growth companies, Digital Basket. 

RBI, investment

RBI lets banks do their due diligence for virtual currencies

News | Cryptocurrencies | 04 Jun 2021

The Reserve Bank of India (RBI) has notified banks and payment system providers that these are free to carry out their due diligence for customers dealing in virtual currencies.

cryptocurrency, cryptocurrency exchange, KYC, AML, CDD, RBI

3S Money partners Raiffeisen Bank

News | Online & Mobile Banking | 01 Jun 2021

Challenger bank 3S Money has announced that it is expanding its portfolio of banking partners to include Raiffeisen Bank International.

RBI, banks, partnership, challenger bank, transactions

Mobile wallets to be interoperable from April 2022, RBI announces

News | Mobile Payments | 20 May 2021

The Reserve Bank of India (RBI) has issued a circular asking all licensed prepaid payment instruments (PPIs) or mobile wallets such as PhonePe, Google Pay, and Mobikwik, to be interoperable from FY23.

RBI, e-wallet, mobile payments, UPI

RBI releases new KYC regulations impacting banks and neobanks

News | Digital Identity, Security & Online Fraud | 14 May 2021

To help ease the uncertainties faced by the Indian economy due to the second wave of COVID-19, the RBI has proposed a few changes to the existing KYC norms.

KYC, RBI, banks, neobanks, SMEs

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