RBI issues guidelines on ‘on tap’ authorisation on payment systems
The Reserve Bank of India (RBI) has issued guidelines on ‘on tap’ authorisation of payment systems, including minimum networth…
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RBI asks state level bankers to expand digital payments ecosystem
The Reserve Bank of India has directed all state level bankers’ committees to find out one district each on a pilot basis to…
Fintech start-up Subh Loans gets NBFC licence from RBI
Fintech start-up Shubh Loans has said it has received a licence from the Reserve Bank of India to set up a non-banking financial…
RBI selects vendor for developing app to help visually impaired identify currency notes
Moving ahead with its plan to enable visually impaired people identify currency notes, the Reserve Bank of India has selected a…
PhonePe, Paytm have till February 2020 to update KYC
The deadline for mobile wallets to become full KYC compliant was earlier set to end on August 31. But on August 30 the RBI…
RBI has no authority to ban cryptocurrencies: IAMAI
IAMAI said that the blockchain technology adopted in these virtual currencies was not disputed and, therefore, a blanket ban was…
Supreme Court asks RBI to confirm WhatsApp’s compliance with local data rules
Supreme Court of India has given the Reserve Bank of India six weeks to report on whether WhatsApp had complied with data…
PayPal sets up tech centre in India, mulls data localisation
American digital payments player PayPal is working with its partners on localisation of data as mandated by the Reserve Bank of…
No blanket crypto trading ban yet in India
Despite banking restrictions put in place by the Reserve Bank of India, the country has not put any blanket ban on trading in…
RBI’s new CMS allows you to file complaints against banks, NBFCs
The Reserve Bank of India (RBI) has launched an application on its website for lodging complaints against banks and NBFCs with a…