Rbi

Paytm Gets 15 Day Extension To Apply For Online Payment Aggregator Permit

27/03/2023

Paytm requires a permit to operate its payment gateway business through which it facilitates payments to various merchants

India Should Target $350 Billion Exports Through E-Commerce By 2030; Needs Separate Policy: GTRI

20/03/2023

With Global business-to-consumer (B2C) e-commerce exports estimated to grow from $800 billion to $8 trillion by 2030, India's strengths in high-demand customized products, expanding seller base, and higher profit margins per unit of export place it in a prime...

India Needs To Internationalise Payment Products: RBI Governor Shaktikanta Das

20/03/2023

India's home-grown payment products like UPI and RuPay network are increasing their global footprint and will make cross-border payments easier, Das said while inaugurating the Payment System Operators (PSO) Conference

Daily UPI Transactions Jump 50% To Rs 36 crore: RBI Governor

07/03/2023

He also said the overall monthly digital payment transactions crossed over Rs 1,000-crore-mark each month during the past three months

RBI Imposes Rs 3.06 Crore Penalty On Amazon Pay

04/03/2023

The penalty is based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the Amazon Pay (India) with its customers

Sarvatra Technologies Enables ICICI Bank, IDFC First Bank and Pine Labs To Extend UPI for G20 Travellers

02/03/2023

ICICI Bank, IDFC First Bank and Pine Labs Private Limited are being powered by Sarvatra Technologies to issue UPI-linked wallets to eligible travellers at select international airports (Bengaluru, Mumbai and New Delhi) and meeting venues

UPI-PayNow Linkage Will Allow Residents In Singapore And India To Undertake Faster And Cost-Effective Digital Transfers: PM Lee

21/02/2023

Prime Minister Lee said the idea of linking PayNow and UPI was first conceived in 2018 when Prime Modi visited Singapore

Digital Payments Record 24% Annual Growth At The End Of September 2022: RBI data

01/02/2023

The central bank announced the construction of a composite RBI-DPI in March 2018 as a base to capture the extent of digitisation of payments across the country

IDFC FIRST Bank and ToneTag partner to launch CBDC Payments

31/01/2023

This partnership comes at the back of the Reserve Bank of India Central Bank Digital Currency's (CBDC) pilot program

NBFCS Have Performed Well In Providing Loans To Unbank And Underbanked Sections: TeamLease Regtech Report

19/01/2023

According to the report, more than 9000 registered NBFCs in India provide credit services to the underserved sections of the economy