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RBI KYC deadline: More than 90% mobile wallets may stop being...

Mobile wallet transactions have been witnessing a downfall. In the month of November, it has seen 14 per cent down in transaction value. Around 347.32...

Your Debit/Credit Will Be Blocked From January 1st If It Doesn’t...

Magnetic stripe credit/debit card will stop working Today is December 31st, the last day of 2018. And a very important and big change will hit...

WhatsApp CEO seeks formal approval from RBI to roll out payments...

It seems that WhatsApp is in the final leg to launch its payments feature for all users in India as the company’s CEO has...

RBI Starts Survey to Profile Startups in India, and Why You...

India’s central bank, the Reserve Bank of India (RBI), has introduced a survey on India’s startup sector (SISS), in order to create a profile...

RBI to establish ombudsman to handle consumer digital transaction complaints

After receiving a huge volume of complaints related to payments, the Reserve Bank of India has been mulling to establish an alternate redressal structure. The...

RBI is likely to take over regulatory framework of UPI from...

Reserve Bank of India (RBI) is likely to take over the regulatory framework of Unified Payments Interface (UPI) from National Payments Corporation of India...

RBI Allows Money Transfer Between eWallets, Cards – But Using UPI...

And finally, a new digital world begins in India. Reserve Bank of India has issued guidelines, which makes interoperability of payments instruments possible. In layman terms,...

Cross wallet transfer coming soon as RBI releases interoperability norms

Soon you will be able to transfer your Paytm wallet money to Mobikwik and vice versa as RBI has finally released the guidelines for...

India’s 1st Crypto-ATM Is Here; Govt Can Punish You For Holding...

Two very conflicting news have emerged, regarding the usage and regulation of cryptocurrencies in India. First, the good news: India’s first cryptocurrency ATM is now...

Foreign payments firms lash out at RBI for favouring Paytm, PhonePe,...

Since the day RBI issued the diktat for foreign internet and financial companies to comply with newly formed data localisation policies, multiple US companies,...