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Xiaomi to float own NBFC in India, eyes consumer financing and...

Chinese smartphone maker giant, Xiaomi is planning to enter consumer financing and B2B lending in India. The company will float new NBFC ‘Xiaomi Financial...

RBI unlikely to extend deadline for data localisation: What options left...

While the deadline for data localisation for foreign payments players is around the corner, RBI is leaving no stone unturned to level playing field...

WhatsApp Pay likely to launch soon as it readies local data...

Following the diktat of Reserve Bank of India (RBI), WhatsApp is setting up servers to store financial data in the country. The apex banking...

Zebpay shuts crypto exchange, keeps its wallet functional for users

Crippled by the RBI diktat not allowing banks to undertake any cryptocurrency-related transactions, India’s one of the largest cryptocurrency exchanges Zebpay has announced the...

RBI to Setup Regulatory Sandbox for Fintech and P2P Lending Startups,...

  Reserve Bank of India (RBI) is said to be working on a regulatory sandbox for fintech companies can test out their product before releasing...

Your Debit/Credit Card Won’t Work After December 31 – This Is...

Come December 31, 2018, and most of the existing debit and credit cards will stop working. Will your debit or credit card work? RBI’s Notification...

After Amazon, Xiaomi to transfer data on local servers in India

Lein Jun, CEO, Xiaomi After the government stiffened its stand towards data localization, foreign-headquartered tech players are falling in line and setting up data servers...

Foreign payment firms to miss RBI’s October data storage deadline

In absence of the Reserve Bank of India clarification on data storage, the global payment firms may not meet the apex bank deadline, which...

After Airtel, Paytm Payments Bank Gets Into Trouble With RBI

First, it was Airtel and Airtel Payments Bank that was banned from conducting eKYC of customers using Aadhaar. Now, the Reserve Bank of India (RBI) has...

RBI Ordered PayTM Payment Bank to Stop Enrolling New Customers and...

Home Report   Since 20 June 2018, Paytm has stopped enrolling new customers which was due to the fact that India’s central bank RBI had mandated...