New Bank Licenses
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Rules Changing From June 1: Driving License, Aadhar Card, And More
Rules Changing From June 1: Let's review the key changes taking effect from June 1.
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Paytm Bags NPCI Approval for User Migration to New Payment System Provider Banks
One 97 Communications Limited (OCL), which owns the brand Paytm, has received the nod from NPCI to start the user migration to new Payment System Provider (PSP) bank handles, the company informed the stock exchanges in a filing on Wednesday.
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Paytm Wins RBI Extension for Payment Aggregator Licence Application: Details
Paytm on Sunday said it had received an extension from the country's banking regulator to apply for a payment aggregator licence. The RBI had declined a payment aggregator licence for the firm in November. Paytm said it aims to reapply for a payment aggregator licence in 15 about days.
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Amazon, Google in RBI’s List of Online Payment Aggregators, Over 50 Entities Granted License to Operate
RBI on Wednesday released a list of 54 entities, including Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments, which can continue to operate as Online Payment Aggregators (PAs).
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Coinbase Gains Singapore License Under Payments Services Act, Ahead of Upcoming Crypto Regulation: All Details
Coinbase on Tuesday announced that it had gained approval from the central bank of Singapore, as the crypto exchange received permission to offer its services in the region. The company said it had been building up its presence in Singapore and currently had nearly 100 employees, mostly comprised of product engineers. Singapore plans to roll out ne...
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New California State Bill to Mandate Licenses for Crypto Exchanges, Back Bank-Issued Stablecoins
California’s awaited Digital Financial Assets Law will mandate crypto exchanges to apply and bag operational licenses in the state. In addition, the bill would also direct stablecoin issuers to have a bank charter. Californian Governor Gavin Newsom can approve or veto this bill by September 30.
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Cricket NFT Marketplace FanCraze Raises $100 Million, Football Star Ronaldo Reportedly Among Investors
An online marketplace for trading legally licensed digital Cricket NFTs has raised almost $100 million (roughly Rs. 760 crore) in a new fundraising round, with backers including Cristiano Ronaldo, Venture capital firms B Capital Group, and Insight Partners leading FanCraze’s Series A round.
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SBI Union, Others Urge Central Bank to Scrap Digital Payments Plan, Letter Shows
A union representing the largest state-run bank and a global alliance have asked the central bank to bar large companies from setting up payment networks, saying in a letter seen by Reuters that privatisation could compromise data safety.
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What Are Payment Banks, What They Can and Cannot Do, and Who Will They Affect?
The new payment bank licenses open up a number of opportunities for financial inclusion, but most people won't be affected for now.
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US to let banks do business with licensed pot shops
The Obama administration on Friday issued new law-enforcement guidelines aimed at encouraging banks to start doing business with state-licensed marijuana suppliers, like those in Colorado, even though such enterprises remain illegal under federal law.
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Rules Changing From June 1: Driving License, Aadhar Card, And More
Rules Changing From June 1: Let's review the key changes taking effect from June 1.
-
Paytm Bags NPCI Approval for User Migration to New Payment System Provider Banks
One 97 Communications Limited (OCL), which owns the brand Paytm, has received the nod from NPCI to start the user migration to new Payment System Provider (PSP) bank handles, the company informed the stock exchanges in a filing on Wednesday.
-
Paytm Wins RBI Extension for Payment Aggregator Licence Application: Details
Paytm on Sunday said it had received an extension from the country's banking regulator to apply for a payment aggregator licence. The RBI had declined a payment aggregator licence for the firm in November. Paytm said it aims to reapply for a payment aggregator licence in 15 about days.
-
Amazon, Google in RBI’s List of Online Payment Aggregators, Over 50 Entities Granted License to Operate
RBI on Wednesday released a list of 54 entities, including Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments, which can continue to operate as Online Payment Aggregators (PAs).
-
Coinbase Gains Singapore License Under Payments Services Act, Ahead of Upcoming Crypto Regulation: All Details
Coinbase on Tuesday announced that it had gained approval from the central bank of Singapore, as the crypto exchange received permission to offer its services in the region. The company said it had been building up its presence in Singapore and currently had nearly 100 employees, mostly comprised of product engineers. Singapore plans to roll out ne...
-
New California State Bill to Mandate Licenses for Crypto Exchanges, Back Bank-Issued Stablecoins
California’s awaited Digital Financial Assets Law will mandate crypto exchanges to apply and bag operational licenses in the state. In addition, the bill would also direct stablecoin issuers to have a bank charter. Californian Governor Gavin Newsom can approve or veto this bill by September 30.
-
Cricket NFT Marketplace FanCraze Raises $100 Million, Football Star Ronaldo Reportedly Among Investors
An online marketplace for trading legally licensed digital Cricket NFTs has raised almost $100 million (roughly Rs. 760 crore) in a new fundraising round, with backers including Cristiano Ronaldo, Venture capital firms B Capital Group, and Insight Partners leading FanCraze’s Series A round.
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SBI Union, Others Urge Central Bank to Scrap Digital Payments Plan, Letter Shows
A union representing the largest state-run bank and a global alliance have asked the central bank to bar large companies from setting up payment networks, saying in a letter seen by Reuters that privatisation could compromise data safety.
-
What Are Payment Banks, What They Can and Cannot Do, and Who Will They Affect?
The new payment bank licenses open up a number of opportunities for financial inclusion, but most people won't be affected for now.
-
US to let banks do business with licensed pot shops
The Obama administration on Friday issued new law-enforcement guidelines aimed at encouraging banks to start doing business with state-licensed marijuana suppliers, like those in Colorado, even though such enterprises remain illegal under federal law.
