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February 9, 2024

On the web

February 5, 2024

On the wires

January 31, 2024

Top Post

India Orders Paytm Payments Bank to Halt Business

TechCrunch

"The Reserve Bank of India (RBI) issued new strict curbs on Paytm’s Payments Bank, which processes transactions for financial services giant Paytm, barring it from offering many banking services, including accepting fresh deposits and credit transactions across its services."

January 12, 2024

On the web

January 4, 2024

On the web

January 3, 2024

On the web

December 20, 2023

On the web

December 8, 2023

On the web

December 7, 2023

On the web

On the wires

December 6, 2023

On the web

November 28, 2023

On the web

October 30, 2023

On the web

October 27, 2023

On the web

October 23, 2023

Top Post

October 20, 2023

On the web

India Reportedly Expands CBDC Pilot

Kapronasia

"India has reportedly launched the next phase of its wholesale digital rupee pilot, according to the Indian media MoneyControl...Reserve Bank of India (RBI) governor Shaktikanta Das said that the digital rupee had been made available to 1.5 million users, that the pilot is being operated through 13 banks in 26 cities and that just over 300,000 merchants are currently accepting payments in the digital fiat currency."

October 19, 2023

On the wires

October 13, 2023

On the web

October 11, 2023

On the web

October 6, 2023

On the web

September 25, 2023

On the web

Y Combinator-backed Akudo to Shut Down Operations

Entrackr

"Teenagers-focused neo-banking platform Akudo is shutting down its core UPI and card business, according to three sources aware of the details. The move is a result of Reserve Bank of India (RBI) direction which forbade Unified Payments Interface (UPI) in a co-branding arrangement."

September 13, 2023

On the web

Reserve Bank of India Greenlights Pre-Sanctioned Credit Lines for UPI Users

Investing

"The Reserve Bank of India (RBI) has recently approved the provision of pre-sanctioned credit lines for Unified Payments Interface (UPI) users, a move that significantly expands the scope of the digital payments platform. The decision broadens the reach of UPI by incorporating pre-sanctioned credit lines in addition to traditional deposit accounts."

On the wires

September 12, 2023

On the web

India Shifts Cryptocurrency Focus to Regulations

Blockonomi

"India is replacing a complete crypto ban plan with regulations, The Indian government is reportedly developing a legal framework on cryptocurrency following the G20 Summit on September 9 and 10. Accordingly, the 2023 G20’s outcome shed light on the coming crypto guidelines, which was crafted in a joint policy recommendation by the International Monetary Fund (IMF) and the Financial Stability Board (FSB)."

September 11, 2023

On the web

Bankers See Risks in New Voice Payment Feature on India’s UPI

Bloomberg

"India’s rapidly developing instant payments system, the Unified Payments Interface, drove digitization in the world’s most populous country. Now, risks need to be managed for its new voice-enabled feature to ensure further inclusion, according to bankers. The government-backed feature called Hello UPI will allow users to pay via apps and calls in Hindi and English, and will soon roll out services in other regional languages."

September 8, 2023

On the web