Payments Bank Licenses
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ED Says Paytm Violated Foreign Exchange Rules
The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary reporting to the Reserve Bank of India (RBI).
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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 Gets Third-Party UPI App License From NPCI as Payments Bank Ceases Operations
Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a third-party application provider license by the country's payments authority, which will enable it to facilitate payments after its banking unit ceases operations.
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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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Cryptocurrency Transactions to Be Recognised, Regulated in Cuba
Cuba's government said it will recognise — and regulate — cryptocurrencies for payments on the island. A resolution published in the Official Gazette said the Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba.
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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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Amazon, Facebook, Google Said to Vie for Unprecedented Access to India’s Growing Digital Payment Market
Amazon, Facebook, Google, and credit card providers Visa and Mastercard are among those vying for unprecedented access to India’s burgeoning digital retail payments market.
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Paytm Gets RBI Approval to Launch Payments Bank
The Paytm payments bank is expected to roll out soon, though there's no formal deadline yet.
-
ED Says Paytm Violated Foreign Exchange Rules
The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary reporting to the Reserve Bank of India (RBI).
-
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 Gets Third-Party UPI App License From NPCI as Payments Bank Ceases Operations
Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a third-party application provider license by the country's payments authority, which will enable it to facilitate payments after its banking unit ceases operations.
-
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...
-
Cryptocurrency Transactions to Be Recognised, Regulated in Cuba
Cuba's government said it will recognise — and regulate — cryptocurrencies for payments on the island. A resolution published in the Official Gazette said the Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba.
-
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.
-
Amazon, Facebook, Google Said to Vie for Unprecedented Access to India’s Growing Digital Payment Market
Amazon, Facebook, Google, and credit card providers Visa and Mastercard are among those vying for unprecedented access to India’s burgeoning digital retail payments market.
-
Paytm Gets RBI Approval to Launch Payments Bank
The Paytm payments bank is expected to roll out soon, though there's no formal deadline yet.
