Payment Banks Licence
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Kazakhstan and UAE Central Banks Sign MoU to Collaborate on VDA Regulations, CBDCs
The National Bank of Kazakhstan and the Central Bank of the UAE (CBUAE) have signed an MoU to collaborate on fintech, cybersecurity, and CBDCs, focusing on how UAE's financial hubs leverage blockchain and crypto for payments and transactions.
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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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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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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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Big Tech Push Into India's Financial Sector Raises Concerns for Traditional Banks, RBI Says
Plans by Big Tech to foray further into India's financial sector pose risks for traditional banks as the tech firms have the potential to become dominant players in financial services, the central bank said.
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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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RBI Cancels Licence Of Bank In Maharashtra, Depositors Await Full Payment
The Reserve Bank of India on Tuesday said it has cancelled the licence of Karad Janata Sahakari Bank Ltd in Maharashtra as it does not have adequate capital and earning prospects.
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Xiaomi Mi Pay UPI-Based Payment Platform Coming to India Soon, Awaiting RBI Licence Approval: Report
Xiaomi is currently awaiting licence approval from the Reserve Bank of India (RBI) and will look to tie up with several private lending firms in the country.
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Jio Payments Bank Commences Operations, Says RBI
RBI said that Jio Payments Bank has commenced operations with effect from April 3, 2018.
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Aditya Birla Idea Payments Bank Commences Operations
Aditya Birla Group-owned Idea Cellular on Thursday announced the commencement of the Idea Payments Bank in India.
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Kazakhstan and UAE Central Banks Sign MoU to Collaborate on VDA Regulations, CBDCs
The National Bank of Kazakhstan and the Central Bank of the UAE (CBUAE) have signed an MoU to collaborate on fintech, cybersecurity, and CBDCs, focusing on how UAE's financial hubs leverage blockchain and crypto for payments and transactions.
-
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...
-
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.
-
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...
-
Big Tech Push Into India's Financial Sector Raises Concerns for Traditional Banks, RBI Says
Plans by Big Tech to foray further into India's financial sector pose risks for traditional banks as the tech firms have the potential to become dominant players in financial services, the central bank said.
-
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.
-
RBI Cancels Licence Of Bank In Maharashtra, Depositors Await Full Payment
The Reserve Bank of India on Tuesday said it has cancelled the licence of Karad Janata Sahakari Bank Ltd in Maharashtra as it does not have adequate capital and earning prospects.
-
Xiaomi Mi Pay UPI-Based Payment Platform Coming to India Soon, Awaiting RBI Licence Approval: Report
Xiaomi is currently awaiting licence approval from the Reserve Bank of India (RBI) and will look to tie up with several private lending firms in the country.
-
Jio Payments Bank Commences Operations, Says RBI
RBI said that Jio Payments Bank has commenced operations with effect from April 3, 2018.
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Aditya Birla Idea Payments Bank Commences Operations
Aditya Birla Group-owned Idea Cellular on Thursday announced the commencement of the Idea Payments Bank in India.
