RBI to examine concerns over data localisation rule
The RBI will examine concerns around its strict data localisation rules that require storing of customer data exclusively in India…
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RBI
e-Money share in India’s payment systems reaches 21.5%
Getting a leg-up from the demonetisation of Rs 500 and Rs 1,000 currency notes in November 2016, the share of e-Money in India's…
Draft bill proposes 10-year prison term for dealing in cryptocurrency
The "Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019" draft has proposed 10-year prison sentence…
Demonetisation, Aadhaar spurred digital payments growth, says RBI
After the demonetisation of Rs 500 and Rs 1000 notes in 2016 pushed digital payments, Aadhaar-enabled electronic know your…
Digital payments: RBI panel says paper usage, acceptance infrastructure need attention
India needs to make more efforts to decrease the volume of paper clearing and increase acceptance infrastructure to promote…
Nilekani panel suggests measures to boost digital transactions
To encourage digital payments, the Nandan Nilekani committee has suggested a host of measures, including elimination of charges,…
RBI’s vision 2021 would boost digital economy, instill confidence among public: Fintech firms
The RBI’s ‘Payment Systems Vision 2021’ document would act as a catalyst for promoting digital economy and instill confidence…
Why is India shutting down ATMs, even as people use them more?
The drop may continue as banks and ATM operators struggle to absorb the cost of software and equipment upgrades mandated by the…
RBI proposes mobile app to help visually impaired to identify currency notes
Intaglio printing based identification marks for helping the visually challenged in identification of denomination of banknotes…
Payment service will be launched only after complying with RBI norms: WhatsApp to SC
Instant messaging app WhatsApp has told the Supreme Court that it is conducting a trial run of its payment service and will comply…