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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Payment Systems
RBI announces improvements to card transaction tokenisation
According to an official statement dated September 7, 2021, the RBI has announced changes to the current card tokenisation mechanism.
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RBI to set up a committee on NUE licenses after putting it on hold
The Reserve Bank of India (RBI), will set up a five-member committee to scrutinise applications and submit recommendations on New
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RBI puts the New Umbrella Entity (NUE) Framework on hold
The Reserve Bank of India (RBI) has put a hold on the proposed New Umbrella Entity (NUE) framework. The reason
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RBI relaxes timeline for Payment Systems compliances
The Reserve Bank of India, through its circular dated 21st May, 2021, has relaxed timeline for a number of payment
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