PAYMENT SERVICE PROVIDER
NPCI grants approvals to payment services, says RBI
In August, the apex court had directed the banking regulator to submit a compliance report on the data localisation efforts undertaken by the Facebook-owned instant messaging platform. The deadline to submit its response is November 29.
Retail Payments to be first cohort for testing under RBI sandbox
This first round of experimentation, which is likely to commence in the firs...
Paytm in talks with T Rowe Price for its funding round
The Vijay Shekhar Sharma-led company has been in the market since early this year to s...
Facebook still at odds with government over WhatsApp monitoring
FB VP is believed to have offered to track WhatsApp activities of persons deemed ‘dubious or suspicious’.
Fintech panel for legislative changes for issuance of FDs, other instruments in demat form
The government should undertake a campaign to convert all financial assets held, especially by entities under its control like post offices, in demat form as far as possible but certainly in electronic form, the report said.
Digital payment firms wait for new finance secretary to discuss MDR
With Garg on his way out, discussions on the MDR proposal in the budget may need to be restarted.
Digital payment companies seek compensation from govt for losses due to zero merchant fee
In letters to finmin, MeitY and RBI, industry body has sought compensation for any losses that could arise.
RBI's vision document on payment systems to spur digital economy: Fintech firms
COO of Payworld Praveen Dhabhai said the vision document has a focus on empowering payment system providers and at the same time providing ease to consumers.
RBI releases payments systems roadmap for a ‘cash-lite’ India
RBI sees sixfold increase in card-based transactions in next 3 years, propelling economy to a ‘cash-lite’ one.
Technology giants have no business in banking: Uday Kotak
Kotak advised young fintech players and startups to enter the fray assuming that they will fail, as 99 percent of new entities fail.
RBI to regulate payment gateway providers: Digital payments likely to get safer
These gateways can be expected to become more transparent and accountable in their working thereby benefitting common people using them for making digital payments.
WhatsApp chief writes to RBI, seeks nod to expand payment services to all users
The messaging app, which has drawn fire from the government over spread of fake messages on its platform, continues to wait for a regulatory clearance to launch full-fledged payments operations in India
Policies restricting data flow 'barriers' to growth of payments market in India: USIBC
The statement comes just a day after the expiry of RBI-imposed deadline on data localisation for payments companies operating in India.
Indian government wants to control its payments data, not just access it
There was a sense of bafflement. “Why should the data be kept only in India?”
First Abu Dhabi Bank ties up with ToneTag for sound based payments
With ToneTag, POS (Point of Sale) terminals of FAB’s clients are now capable of accepting sound-based proximity payments.
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