Reserve Bank Of India

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...

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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...

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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...

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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....

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Report: Paytm Gets OK to Invest in Payments Subsidiary
Report: Paytm Gets OK to Invest in Payments Subsidiary
July 09, 2024  |  Regulation

Paytm has reportedly received government approval to invest $6 million in its crucial payments subsidiary. That green light came from a government panel overseeing investments tied...

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RBI: Online Payment Fraud in India Surges 400% in a Year
RBI: Online Payment Fraud in India Surges 400% in a Year
May 30, 2024  |  Security & Fraud

According to a new report from the Reserve Bank of India (RBI), digital payments fraud in the country grew 14.57 billion rupees ($175 million) in...

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Paytm’s Shares Fall as Widening Losses Are Anticipated
Paytm’s Shares Fall as Widening Losses Are Anticipated
May 21, 2024  |  Banking

Paytm’s stock has reportedly fallen considerably amid the company’s troubles with Indian banking regulators. Shares in Paytm are down roughly 61% in the last six months, Bloomberg...

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India Proposes CBDC That Can Function Offline
India Proposes CBDC That Can Function Offline
May 06, 2024  |  CBDC

India’s central bank wants its digital currency to be available without internet access. “One of the key features of cash is that it works offline,” Reserve...

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PayU Receives RBI Authorization to Operate as Payments Aggregator
PayU Receives RBI Authorization to Operate as Payments Aggregator
April 23, 2024  |  Aggregators

PayU has received in-principle authorization from the Reserve Bank of India (RBI) to operate as a payments aggregator. With this approval, the digital financial services provider can...

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