Dive into the tech & future
Prime Minister Narendra Modi on Friday said India’s digital payments ecosystem has radically transformed governance, financial inclusion and ease of living in the country. With the aim to foster global economic cooperation, the first G20 Finance Minister and Central Bank Governors (FMCBG) meeting is being held in Bengaluru on Friday. Union Finance Minister Nirmala Sitharaman … Read more
India and Singapore have linked their respective digital payments systems, Unified Payments Interface (UPI) and PayNow, respectively. This linkage will enable those living in India to quickly send money to people living in Singapore. Here’s all you need to know about the collaboration.UPI and PayNow announcementThe announcement of linkage between UPI and PayNow was announced … Read more
Following the Financial Literacy Week by RBI, Flipkart co-founder Binny Bansal launched a graphic novel-cum-handbook for kids aged 6 to 16 called Money Lessons by BrightCHAMPS to teach them about money.Bansal’s Money Lessons, novel-cum-handbook will be released and distributed at the ongoing GSV-Emeritus All Eyes on India Summit in Gurgaon and is available on Amazon … Read more
The Reserve Bank on Wednesday released a list of 54 entities, including Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments, which can continue to operate as Online Payment Aggregators (PAs). In a statement, the RBI said while the exercise of scrutiny of applications of PAs is an ongoing process, for … Read more
The Reserve Bank of India (RBI) has granted in-principle approval to 32 existing payment aggregators (PAs), allowing them to continue their operations. In a statement, the RBI said while the exercise of scrutiny of applications of PAs is an ongoing process, for the purpose of disseminating information and ensuring greater transparency, the list of entities … Read more
The Reserve Bank of India (RBI) has granted in-principle approval to 32 existing payment aggregators, including Amazon Pay and Google Pay, allowing them to continue their operations in the country.Amazon (Pay) India Pvt Ltd, Google India Digital Services Pvt Ltd, Reliance Payment Solutions Ltd and Zomato Payments Pvt Ltd are among the notable entities whose … Read more
Five days after banning digital lending websites and apps, the IT ministry has given 48 hours for these platforms to prove their genuineness, a senior government official reportedly said. The ban was imposed on the platforms because their businesses were not genuine.“Why would there be any ban if they were genuine? Action has been taken … Read more
The government will roll out digital credit service this year which will enable even small street vendors to avail credit from large banks, Telecom and IT Minister Ashwini Vaishnaw said on Thursday. Speaking at ‘Digital Payments Utsav’, Vaishnaw said it will be rolled out like UPI service and will be a big achievement under Prime … Read more
Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to nine additional cities, the Reserve Bank said on Wednesday. The Reserve Bank of India, which began piloting the central bank digital currency or e-rupee for retail customers in early December … Read more
The Reserve Bank has allowed inbound travellers from G20 nations arriving at select airports to use the popular UPI for making payments in the country. RBI plans to later extend the Unified Payments Interface (UPI) facility to travellers from all countries. UPI is a system that powers multiple bank accounts into a single mobile application, … Read more