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
In a push to make cross-border payments easy, India and Singapore have linked their respective digital payments systems, Unified Payments Interface (UPI) and PayNow. This collaboration will enable instant and low-cost fund transfers between the two nations. The linkage between the systems was announced by the Reserve Bank of India (RBI) Governor Shaktikanta Das and … 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 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
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday warned that the next financial crisis will come from private cryptocurrencies adding that he still holds the view that cryptocurrencies should be prohibited. The governor of the country’s central bank also added that cryptocurrencies have no underlying value and pose risks for macroeconomic and financial stability. … Read more