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…
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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…
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…
CredAble granted NBFC license by the Reserve Bank of India
As an NBFC, CredAble will target untapped lending opportunities within India’s supply chain ecosystems
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…
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…
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…
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…
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…