UAE plans to launch its Digital Currency within five years
After publishing this report, My Lawrd learnt that the Central Bank of the United Arab Emirates has deemed this information
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FinTech
Russia onboards first open banking participants
Promsvyazbank and Tochka are the first participants of Russia’s open banking initiative. Promsvyazbank is a state-backed, formerly private Russian bank
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Half of the world’s population will use mobile wallets by 2025: Report
A Mobile Wallet Report from Boku reports that by 2025 nearly 60% of the world’s population will be using mobile
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Payment operators are creating a repository on fraudsters and scammers
Cyber frauds have increased manifold in the past year. To counter this, payment operators are coming together to share intel
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Ukraine passes law treating its CBDC equivalent to cash
Ukraine has passed a law to treat its Central Bank Digital Currency (CBDC) as equivalent to cash. Verkhovna Rada (Ukraine’s
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CBSE & NPCI introduce Financial Literacy Workbook for students
On 29th June 2021, the Central Board for Secondary Education (CBSE) in collaboration with NPCI has launched the ‘Financial Literacy
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RBI imposes curbs on investments from FATF non-compliant jurisdictions
The Reserve Bank of India (RBI) has imposed limits on new businesses from FATF non-compliant jurisdictions. Such jurisdictions have a
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RBI allows recurring payment for prepaid mobile recharges
The Reserve Bank of India has decided to extend the recurring payment facility Bharat Bill Payment to prepaid mobile connections.
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Indian and global unions write to RBI, seek review of the NUE framework
A group of Indian and global unions has written to the Reserve Bank of India seeking a review of the
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RBI announces another On-Tap liquidity Window, 24*7 Automated Clearing
The RBI has issued a statement to announce 24*7 direct benefit transfers, and another on-tap liquidity window of Rs 15,000
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