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.
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Payment and Settlements
SBI blocks crypto exchanges from receiving funds via UPI
Indian banks have once again started to block transactions related to cryptocurrencies. The State Bank of India (SBI) has reportedly
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RBI extends the scope of tokenization to wearable and IoT devices
On Wednesday, the Reserve Bank of India (RBI) expanded the scope of ‘tokenization’ to include laptops, desktops, wearables such as
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RBI puts the New Umbrella Entity (NUE) Framework on hold
The Reserve Bank of India (RBI) has put a hold on the proposed New Umbrella Entity (NUE) framework. The reason
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BENEFIT to power RuPay acceptance at ATM and PoS in Bahrain
NPCI International (NIPL) has collaborated with BENEFIT, Bahrain’s leading Fintech and electronic financial transactions company. The collaboration will enable the
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Mastercard submits New Report to RBI seeking overturn of Ban
Global payment tech company Mastercard has submitted a new audit report to the RBI, seeking an overturn of the ban
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Foreign banks yet to comply with data storage rules RBI issued in 2018
The Reserve Bank of India has said in a recent communication that many banks are yet to submit system audit
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RBI relaxes timeline for Payment Systems compliances
The Reserve Bank of India, through its circular dated 21st May, 2021, has relaxed timeline for a number of payment
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RBI punishes American Express for violating Data Localisation Guidelines
RBI has restricted American Express and Diners club from onboarding new customers. With these restriction from the RBI, American Express and Diners
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