FinTech Archives · myLawrd

Rohit Ranjan Praveer December 24, 2021December 24, 2021 0 Comments Bharat Bill Payment System, fintech, Mobikwik, Payment and Settlements, RBI, Spice Money

Why has RBI issued Rs. 1 Cr fine on Mobikwik & Spice Money?

The Reserve Bank of India (RBI) has issued a monetary penalty of Rupees 1 crore on Mobikwik and Spice Money.

FinTech

Rohit Ranjan Praveer December 20, 2021December 20, 2021 0 Comments Data Localisation, fintech, Rupay, RuPay Incentive Scheme

Here are the details of India’s Rs. 1300 crore RuPay incentive scheme

Last week, the Union Cabinet approved an incentive scheme to promote RuPay Debit Cards and low-value BHIM-UPI transactions. Under the

FinTech

Rohit Ranjan Praveer December 16, 2021December 16, 2021 0 Comments Data Localisation, fintech, Payment Systems, Rupay, UPI, Visa

Cabinet approves Rs. 1300 crore incentive scheme for RuPay & UPI

The Union Cabinet yesterday approved an incentive scheme to promote RuPay Debit Cards and low-value BHIM-UPI transactions. Under the scheme,

FinTech

Rohit Ranjan Praveer December 4, 2021December 4, 2021 0 Comments Data Localisation, fintech, NPCI, Rupay, Visa

Visa complaints to the U.S. against India’s RuPay favoritism

Visa has complained to the United States government against the Indian government’s favoritism for indigenous rival RuPay. This is the second complaint

FinTech

Rohit Ranjan Praveer November 19, 2021November 21, 2021 0 Comments fintech, NIPL, NPCI, PPRO, Rupay, UPI

NIPL collaborates with PPRO for global expansion of RuPay & UPI

NPCI International Payments Ltd. (NIPL) has signed a memorandum of understanding (MoU) with PPRO, the leading global provider of local

FinTech

Pukhraj Biala October 13, 2021October 16, 2021 0 Comments Auto Debit, cybersecurity, fintech, RBI, Recurring Payments

RBI’s new guideline on auto-debit disrupt seamless payments

From 1st October 2021, there was a big change on the card auto-debit payments front. According to RBI’s latest mandate,

FinTech

Pukhraj Biala October 13, 2021October 13, 2021 0 Comments Financial Fraud, fintech, Fraud Prevention, RBI, Regulatory Sandbox

Fourth Cohort of RBI’s Regulatory Sandbox will focus on fraud prevention

The Reserve Bank of India has announced the fourth cohort under Regulatory Sandbox. The theme of the latest cohort is

FinTech

Rohit Ranjan Praveer October 13, 2021October 13, 2021 0 Comments blockchain, CBDC, cryptocurrency, Digital Currency, Stablecoin, Visa

Visa to facilitate interoperability for CBDC and blockchain

Financial services company Visa has announced that it would work to facilitate interoperability for CBDC and stablecoins. In a blog

rbi account aggregator master directions nbfc

FinTech

Rohit Ranjan Praveer October 7, 2021October 7, 2021 0 Comments Account Aggregator, fintech, Master Direction, NBFC, RBI

RBI updates the Account Aggregator Master Directions

The Reserve Bank of India has updated its Master Directions on the Account Aggregator framework. The framework allows NBFCs (Non-Banking

FinTech

Rohit Ranjan Praveer October 5, 2021October 5, 2021 0 Comments Bitcoin, blockchain, CBDC, Central Bank Digital Currency, cryptocurrency, fintech, IMF

80-100 Central Banks are exploring CBDC: IMF Executive

Tobias Adrian, Financial Counsellor and Director Monetary and Capital Markets Department, International Monetary Fund (IMF), has said that about 80-100

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