Telcos should act fast to counter online frauds: Paytm
Telecom companies in India need to implement stringent preventive and punitive measures to counter the menace of online frauds…
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RBI introduces video-based identification process for KYC
The RBI has amended the KYC norms allowing banks and other lending institutions regulated by it to use Video based Customer…
Regulatory sandbox: RBI seeks applications to test retail payment products
The Reserve Bank of India on Monday invited applications for testing new products and services for retail payments system under…
WhatsApp Pay to launch in India soon: Mark Zuckerberg
Facebook is inching closer to launch much-anticipated WhatsApp Pay in India and will soon have a positive news to share, the…
RBI issues guidelines on ‘on tap’ authorisation on payment systems
The Reserve Bank of India (RBI) has issued guidelines on ‘on tap’ authorisation of payment systems, including minimum networth…
RBI asks state level bankers to expand digital payments ecosystem
The Reserve Bank of India has directed all state level bankers’ committees to find out one district each on a pilot basis to…
Fintech start-up Subh Loans gets NBFC licence from RBI
Fintech start-up Shubh Loans has said it has received a licence from the Reserve Bank of India to set up a non-banking financial…
RBI selects vendor for developing app to help visually impaired identify currency notes
Moving ahead with its plan to enable visually impaired people identify currency notes, the Reserve Bank of India has selected a…
PhonePe, Paytm have till February 2020 to update KYC
The deadline for mobile wallets to become full KYC compliant was earlier set to end on August 31. But on August 30 the RBI…
RBI has no authority to ban cryptocurrencies: IAMAI
IAMAI said that the blockchain technology adopted in these virtual currencies was not disputed and, therefore, a blanket ban was…