RBI Increases deposit limit for Payment Banks, New Measures for PPIs
On 7th April, 2021, the RBI released its Statement on Developmental and Regulatory Policies and has decided to increase the deposit limit for payment
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FinTech
Six consortia apply for a New Umbrella Entity license
Leading banks, fintech, and India Inc companies are banding together to apply for the retail payments new umbrella entity license.
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Union Bank of India and HPCL launch contactless RuPay Credit Card
The Union Bank of India and Maharatna Central Public sector enterprise Hindustan Petroleum Corporation Limited (HPCL) have launched co-branded contactless Rupay credit card. The users of this card will get
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NPCI sets up NPCI Bharat BillPay Ltd. to process Recurring Payments
The National Payments Corporation of India (NPCI) has announced the formation of a wholly-owned subsidiary firm NPCI Bharat BillPay Ltd to process
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RBI Extends Timeline on New Rules for Recurring Transactions and Card Storage
In a relief to banks and wallets, The Reserve Bank of India (RBI) on 31st March, 2021 extended the deadline to
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Policy Bazaar joins Paytm-Ola-IndusInd Bank consortium for NUE
Insurance Platform Policy Bazaar has partnered with Paytm-Ola-IndusInd Bank consortium for NUE (New Umbrella Entity). The companies have already set up an
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‘Wear ‘N’ Pay’, Axis Bank says
Axis Bank has revealed a range of wearable devices for contactless payment transactions. The ‘Wear ‘N’ Pay’ program allows the
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UPI Help for Digital Payments goes live on BHIM UPI
RBI, through the National Payments Corporation of India (NPCI) has introduced a redressal mechanism for UPI (Unified Payments Interface). The
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NPCI & SBI Payments to launch NFC Based ‘RuPay SoftPOS’ Systems
National Payments Corporation of India (NPCI) has partnered with SBI Payments to launch NFC based ‘Rupay SoftPOS‘ systems for merchants. This has the capability
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New Umbrella Entities in Fintech: For Dummies
According to a report published by Deloitte, FinTech was one of the top five markets by value of capital funding
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