reserve bank of india

Rbi: RBI gives PA licence to 32 companies: Names, biggest winners, losers; and all other key questions answered – Times of India

by
Rbi: RBI gives PA licence to 32 companies: Names, biggest winners, losers; and all other key questions answered – Times of India

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

Rbi: RBI has ‘good news’ for Google Pay, Amazon Pay – Times of India

by
Rbi: RBI has ‘good news’ for Google Pay, Amazon Pay – Times of India

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

IT ministry sets ‘2 day deadline’ for lending apps – Times of India

by
IT ministry sets ‘2 day deadline’ for lending apps – Times of India

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

Upi: Travellers from G20 countries can use UPI for payments: RBI – Times of India

by
Upi: Travellers from G20 countries can use UPI for payments: RBI – Times of India

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

Reliance Retail starts accepting RBI’s Digital Rupee – Times of India

by
Reliance Retail starts accepting RBI’s Digital Rupee – Times of India

The Reserve Bank of India (RBI) launched the first pilot of its retail Digital Rupee on December 1, 2022. According to RBI, this currency is available in the form of a digital token that represents legal tender. The Central Bank Digital Currency (CBDC) has also been issued in the same denominations that paper currency and … Read more

Paytm Payments Bank Gets Nod for Bill Payments, FASTag Recharge, More

by
Paytm Payments Bank Gets Nod for Bill Payments, FASTag Recharge, More

Paytm Payments Bank on Monday said it has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating Unit (BBPOU). Under Bharat Bill Payment System (BBPS), a BBPOU is allowed to facilitate bill payment services for electricity, phone, DTH, water, gas insurance, loan repayments, FASTag recharge, education fees, … Read more