RBI Working to Expand UPI to 20 Countries by 2028-29: RBI Annual Report
The Reserve Bank of India (RBI) along with NPCI international payments ltd (NIPL) will work towards taking UPI to 20…
Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a more than fivefold jump to 14.57 billion rupees ($175 million) in the year…
Indian Web3 Players Find SEBI’s Vision for Sector Governance Encouraging
The Securities and Exchange Board of India’s (SEBI), this week, said it could work with the RBI and Insurance Regulatory…
Permanent Deletion of Transactions Would Make CBDCs Like Cash: RBI Governor
India’s trials of its eRupee digital currency are already in its advanced phases, paving way for its widespread adoption and…
Why the RBI Wants to Support CBDC Distribution via Non-Bank Payment Firms
Several countries, including India, are expanding central bank digital currency (CBDC) trials, hoping to integrate then with their existing financial…
Paytm Gets Third-Party UPI App License as Banking Unit Halts Operation
Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a third-party application provider license…
Paytm Terminates Some Ties With Troubled Payments Bank Unit
Payments firm Paytm on Friday cut some ties with its payments bank unit, which India’s banking regulator has ordered to…
RBI Moves to Keep UPI Transactions Working on Paytm
The Reserve Bank of India said on Friday it has asked the National Payments Corporation of India (NPCI) to examine…
Paytm Crisis: Non-Bank Lenders Explore Options for Loan Disbursal
Indian non-bank lenders are looking at options other than Paytm for loan disbursal, worried about the regulatory crisis engulfing the…
EPFO to Halt Claims Made via Paytm Payments Bank Following RBI Action
India’s state-run social security fund will halt claims made via Paytm Payments Bank accounts from Feb. 23, as the country’s…