Money Transfer Services

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.

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...

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 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 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.

The RBI states that in case of unintentional transactions through digital services, the aggrieved person should first file a complaint with the payment system used.

Criminals have laundered at least $4 billion (roughly Rs. 32,558 crore) worth of illegal crypto proceeds using decentralised exchanges, bridges that allow asset transfers across different blockchains, and coin swap services, a new study shows.

VTB said on Tuesday it had become the first Russian bank to launch money transfers to China in yuan without using the international messaging system SWIFT that underpins financial transactions globally.

Aadhaar Enabled Payment System (AePS) is a bank led model which allows online interoperable financial transactions in accounts

In the alleged multi-crore cryptocurrency fraud in Maharashtra, the Pune police have filed a charge sheet against former IPS officer Ravindra Patil and cyber expert Pankaj Ghode. The police arrested Patil and Ghode in March this year.

Headquartered in Dallas, US, MoneyGram offers online and in-person domestic and international money transfer with 42 years of industry presence. Its CEO Alex Holmes recently voiced his predictions on the bright future of the crypto sector. The company is now enabling users to send remittance amounts as USD Coin that could be cashed out into fiat cu...

If you are in any area where there is a poor network connection or slow internet speed and you want to make a UPI payment, you can simply dial *99# on your phone and transfer money using UPI without any internet connection.

All 1.5 lakh post offices in India will be connected to the core banking system that will enable people to access their account online and also transfer money within post office accounts and to other banks, Finance Minister Nirmala Sitharaman announced on Tuesday.

The Reserve Bank of India has given approval for offering international money transfer services to Fino Payments Bank

Block and Cash App are allowing people to send as little as $1 (roughly Rs. 77) as a gift to their friends and family with Christmas round the corner. Other companies like Coinbase are also extending similar offers as crypto adoption picks up pace.

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.

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...

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 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 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.

The RBI states that in case of unintentional transactions through digital services, the aggrieved person should first file a complaint with the payment system used.

Criminals have laundered at least $4 billion (roughly Rs. 32,558 crore) worth of illegal crypto proceeds using decentralised exchanges, bridges that allow asset transfers across different blockchains, and coin swap services, a new study shows.

VTB said on Tuesday it had become the first Russian bank to launch money transfers to China in yuan without using the international messaging system SWIFT that underpins financial transactions globally.

Aadhaar Enabled Payment System (AePS) is a bank led model which allows online interoperable financial transactions in accounts

In the alleged multi-crore cryptocurrency fraud in Maharashtra, the Pune police have filed a charge sheet against former IPS officer Ravindra Patil and cyber expert Pankaj Ghode. The police arrested Patil and Ghode in March this year.

Headquartered in Dallas, US, MoneyGram offers online and in-person domestic and international money transfer with 42 years of industry presence. Its CEO Alex Holmes recently voiced his predictions on the bright future of the crypto sector. The company is now enabling users to send remittance amounts as USD Coin that could be cashed out into fiat cu...

If you are in any area where there is a poor network connection or slow internet speed and you want to make a UPI payment, you can simply dial *99# on your phone and transfer money using UPI without any internet connection.

All 1.5 lakh post offices in India will be connected to the core banking system that will enable people to access their account online and also transfer money within post office accounts and to other banks, Finance Minister Nirmala Sitharaman announced on Tuesday.

The Reserve Bank of India has given approval for offering international money transfer services to Fino Payments Bank

Block and Cash App are allowing people to send as little as $1 (roughly Rs. 77) as a gift to their friends and family with Christmas round the corner. Other companies like Coinbase are also extending similar offers as crypto adoption picks up pace.