Money Transfer Services
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NEFT vs RTGS Key Differences Explained: Transaction Limits, Settlement Time and More
Reserve Bank of India (RBI) launched Real-Time Gross Settlement (RTGS) in 2004. Initially, the payment settlement was used for interbank transactions. However, the RBI later introduced the service to settle transactions between customer accounts. Another payment settlement system, owned and operated by the RBI, is National Electronic Funds Transfer...
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"Transferred Hindu Land For Money": Himanta Sarma On Arrested Assam Officer
Nupur Bora, an Assam Civil Service officer, was arrested on Monday after police recovered nearly Rs 2 crore in cash and jewellery during raids at her residences.
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Delhi Chief Minister Attack: Man Detained Over Money Transfer To Accused
As the investigation into the attack on Delhi Chief Minister Rekha Gupta continues, police have detained a friend of the accused, Rajesh Khimji, from Rajkot.
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UPI Services Hit by Another Outage, NPCI Says ‘Working to Resolve the Issue’
UPI (Unified Payments Interface) services in India were severely disrupted this Saturday morning, leaving users incapable of making digital transactions, the third time within a month. The snag hits individuals and businesses across the country, disrupting an important daily service for smooth money transfers, which has become a common feature in I...
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X Money Digital Payments Service Unveiled; Platform Partners Visa to Introduce P2P Payments
X Money was introduced by Elon Musk's X platform on Wednesday as a new digital wallet and payments service. The new X Money service will allow users to send and receive P2P payments, transferring funds from their bank to a digital wallet and then to another wallet, or directly using their debit card. Partnering with Visa, X Money aims to compete wi...
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Elon Musk's X Acquires Currency Transmitter License, Could Introduce Crypto Payments: Report
US’ Rhode Island state has granted Elon Musk the licence to integrate payment services with X (formerly Twitter). This currency transmitter licence is a legal requirement for companies planning to engage in money transfer and receiving businesses.
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Zomato Temporarily Halts New Users on Its UPI Platform to Incorporate Feedback
Food delivery platform Zomato on Thursday said it has temporarily paused the onboarding of new users on the Unified Payments Interface it rolled out in May to incorporate feedback. The company said it will start enrolling new users on the app by the end of the month. In May this year, the Gurugram-based firm launched Unified Payments Interface (UP...
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DeFi Services Being Used for Illicit Transfers, Warns US Treasury Department
North Korea, cybercriminals, ransomware attackers, thieves and scammers are using decentralized finance (DeFi) services to transfer and launder their illicit proceeds, the US Treasury Department warned on Thursday. So-called DeFi platforms allow users to lend, borrow and save, usually in cryptoassets and stablecoins, without using banks.
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Telegram Enables Users to Send, Receive Tether Stablecoin Within Chats: Details
Telegram users will now be able to send and receive payments in the form of Tether (USDT), within the app. Users will be able to select the USDT altcoin within their Telegram chat boxes to instantly transfer money to their peers.
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FTX's Sam Bankman-Fried to Testify Before US House Committee Next Week
FTX's Sam Bankman-Fried is set to testify before a US House committee on Tuesday. The chair of the House of Representatives Committee on Financial Services told that she was prepared to subpoena Bankman-Fried if he did not agree to appear before the panel.
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NEFT vs RTGS Key Differences Explained: Transaction Limits, Settlement Time and More
Reserve Bank of India (RBI) launched Real-Time Gross Settlement (RTGS) in 2004. Initially, the payment settlement was used for interbank transactions. However, the RBI later introduced the service to settle transactions between customer accounts. Another payment settlement system, owned and operated by the RBI, is National Electronic Funds Transfer...
-
"Transferred Hindu Land For Money": Himanta Sarma On Arrested Assam Officer
Nupur Bora, an Assam Civil Service officer, was arrested on Monday after police recovered nearly Rs 2 crore in cash and jewellery during raids at her residences.
-
Delhi Chief Minister Attack: Man Detained Over Money Transfer To Accused
As the investigation into the attack on Delhi Chief Minister Rekha Gupta continues, police have detained a friend of the accused, Rajesh Khimji, from Rajkot.
-
UPI Services Hit by Another Outage, NPCI Says ‘Working to Resolve the Issue’
UPI (Unified Payments Interface) services in India were severely disrupted this Saturday morning, leaving users incapable of making digital transactions, the third time within a month. The snag hits individuals and businesses across the country, disrupting an important daily service for smooth money transfers, which has become a common feature in I...
-
X Money Digital Payments Service Unveiled; Platform Partners Visa to Introduce P2P Payments
X Money was introduced by Elon Musk's X platform on Wednesday as a new digital wallet and payments service. The new X Money service will allow users to send and receive P2P payments, transferring funds from their bank to a digital wallet and then to another wallet, or directly using their debit card. Partnering with Visa, X Money aims to compete wi...
-
Elon Musk's X Acquires Currency Transmitter License, Could Introduce Crypto Payments: Report
US’ Rhode Island state has granted Elon Musk the licence to integrate payment services with X (formerly Twitter). This currency transmitter licence is a legal requirement for companies planning to engage in money transfer and receiving businesses.
-
Zomato Temporarily Halts New Users on Its UPI Platform to Incorporate Feedback
Food delivery platform Zomato on Thursday said it has temporarily paused the onboarding of new users on the Unified Payments Interface it rolled out in May to incorporate feedback. The company said it will start enrolling new users on the app by the end of the month. In May this year, the Gurugram-based firm launched Unified Payments Interface (UP...
-
DeFi Services Being Used for Illicit Transfers, Warns US Treasury Department
North Korea, cybercriminals, ransomware attackers, thieves and scammers are using decentralized finance (DeFi) services to transfer and launder their illicit proceeds, the US Treasury Department warned on Thursday. So-called DeFi platforms allow users to lend, borrow and save, usually in cryptoassets and stablecoins, without using banks.
-
Telegram Enables Users to Send, Receive Tether Stablecoin Within Chats: Details
Telegram users will now be able to send and receive payments in the form of Tether (USDT), within the app. Users will be able to select the USDT altcoin within their Telegram chat boxes to instantly transfer money to their peers.
-
FTX's Sam Bankman-Fried to Testify Before US House Committee Next Week
FTX's Sam Bankman-Fried is set to testify before a US House committee on Tuesday. The chair of the House of Representatives Committee on Financial Services told that she was prepared to subpoena Bankman-Fried if he did not agree to appear before the panel.
