Reserve Bank Of India

India Expanding X-Border Payment Connections With Neighbors
India Expanding X-Border Payment Connections With Neighbors
November 20, 2024  |  Cross Border Commerce

India’s central bank says the country is making mobile payment links with several countries. Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar discussed those...

READ MORE >
What on-Soil Requests Mean for Cross-Border Payments Compliance
What on-Soil Requests Mean for Cross-Border Payments Compliance
October 14, 2024  |  Regulation

If businesses aren’t ready for cross-border compliance, they may as well be writing regulators a blank check. And particularly as it relates to financial services,...

READ MORE >
India Central Bank Head Warns of AI ‘Opacity’ in Finance
India Central Bank Head Warns of AI ‘Opacity’ in Finance
October 14, 2024  |  artificial intelligence

The head of India’s central bank is warning about AI use in financial services. Reserve Bank of India Governor Shaktikanta Das said Monday (Oct. 14) that...

READ MORE >
Paytm Gets India’s Blessing to Invest in Payment Services Unit
Paytm Gets India’s Blessing to Invest in Payment Services Unit
August 28, 2024  |  Investments

Paytm won approval from India’s finance ministry to invest in its payment services operation. The company announced the approval Wednesday (Aug. 28) in a disclosure...

READ MORE >
Reserve Bank of India to Launch Lending Platform
Reserve Bank of India to Launch Lending Platform
August 26, 2024  |  Loans

The Reserve Bank of India (RBI) plans to launch a technology platform designed to enable frictionless credit, especially for small- to medium-sized businesses (SMBs). The...

READ MORE >
Wise Resumes Signing Customers in India to Tap $32 Billion Remittance Market
Wise Resumes Signing Customers in India to Tap $32 Billion Remittance Market
August 12, 2024  |  Cross Border Commerce

Money transfer firm Wise is reportedly hoping to tap India’s $32 billion remittance market. To that end, Wise plans to begin signing up new customers in the world’s most...

READ MORE >
Report: Amazon Pay and Google Pay Among Firms to Offer Digital Rupee Transactions
Report: Amazon Pay and Google Pay Among Firms to Offer Digital Rupee Transactions
August 05, 2024  |  Digital Payments

The Reserve Bank of India’s (RBI’s) offer to allow payment firms to enable eRupee transactions via their platforms has reportedly been taken up by five such...

READ MORE >
India’s Central Bank Fines Visa Over Payment Authentication
India’s Central Bank Fines Visa Over Payment Authentication
July 26, 2024  |  Regulation

The Reserve Bank of India (RBI) said Friday (July 26) that it fined Visa Worldwide Pte. Limited for its use of an unapproved payment authentication...

READ MORE >
Paytm Reports Seeing ‘Green Shoots’ in Business After Regulatory Troubles
Paytm Reports Seeing ‘Green Shoots’ in Business After Regulatory Troubles
July 19, 2024  |  Earnings

Paytm reported Friday (July 19) that its operating revenue slipped again in the quarter ended in June as it continued to deal with regulatory troubles....

READ MORE >