Why has RBI issued Rs. 1 Cr fine on Mobikwik & Spice Money?
The Reserve Bank of India (RBI) has issued a monetary penalty of Rupees 1 crore on Mobikwik and Spice Money.
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FinTech
Here are the details of India’s Rs. 1300 crore RuPay incentive scheme
Last week, the Union Cabinet approved an incentive scheme to promote RuPay Debit Cards and low-value BHIM-UPI transactions. Under the
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Cabinet approves Rs. 1300 crore incentive scheme for RuPay & UPI
The Union Cabinet yesterday approved an incentive scheme to promote RuPay Debit Cards and low-value BHIM-UPI transactions. Under the scheme,
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Visa complaints to the U.S. against India’s RuPay favoritism
Visa has complained to the United States government against the Indian government’s favoritism for indigenous rival RuPay. This is the second complaint
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NIPL collaborates with PPRO for global expansion of RuPay & UPI
NPCI International Payments Ltd. (NIPL) has signed a memorandum of understanding (MoU) with PPRO, the leading global provider of local
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RBI’s new guideline on auto-debit disrupt seamless payments
From 1st October 2021, there was a big change on the card auto-debit payments front. According to RBI’s latest mandate,
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Fourth Cohort of RBI’s Regulatory Sandbox will focus on fraud prevention
The Reserve Bank of India has announced the fourth cohort under Regulatory Sandbox. The theme of the latest cohort is
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Visa to facilitate interoperability for CBDC and blockchain
Financial services company Visa has announced that it would work to facilitate interoperability for CBDC and stablecoins. In a blog
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RBI updates the Account Aggregator Master Directions
The Reserve Bank of India has updated its Master Directions on the Account Aggregator framework. The framework allows NBFCs (Non-Banking
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80-100 Central Banks are exploring CBDC: IMF Executive
Tobias Adrian, Financial Counsellor and Director Monetary and Capital Markets Department, International Monetary Fund (IMF), has said that about 80-100
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