india

India (official name: the Republic of India; Hindi: Bhārat Gaṇarājya) is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; its Andaman and Nicobar Islands share a maritime border with Thailand and Indonesia.

Source: en.wikipedia.org

Report: Paytm Denies Claims of Foreign Exchange Rule Violations

Report: Paytm Denies Claims of Foreign Exchange Rule Violations
Report: Paytm Denies Claims of Foreign Exchange Rule Violations
February 05, 2024  |  Legal & Regulation

Paytm, one of India’s leading digital payments firms, is reportedly under investigation by India’s financial crime-fighting agency for potential violations of foreign exchange rules. The...

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Paytm Vows to Keep Digital Wallet Working Amid Regulatory Challenges
Paytm Vows to Keep Digital Wallet Working Amid Regulatory Challenges
February 02, 2024  |  Legal & Regulation

Paytm, an India-based digital payments firm, is facing uncertainty regarding its license as the Reserve Bank of India ordered it to stop accepting deposits after...

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Report: Paytm Bank Closure Was Result of Conflicts of Interest
Report: Paytm Bank Closure Was Result of Conflicts of Interest
February 01, 2024  |  Legal & Regulation

For Indian regulators, Paytm Payments Bank was apparently too close with its parent company. The Reserve Bank of India (RBI) this week announced it was suspending business at the...

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Regulator Closes Paytm’s Bank After ‘Persistent Noncompliances’
Regulator Closes Paytm’s Bank After ‘Persistent Noncompliances’
January 31, 2024  |  Legal & Regulation

India’s banking regulator ordered Paytm Payments Bank to stop conducting business. The Reserve Bank of India made the order Wednesday (Jan. 31), saying an audit...

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Digital Payments Change ‘Basic Plumbing’ of Indian Society
Digital Payments Change ‘Basic Plumbing’ of Indian Society
January 21, 2024  |  Digital Payments

How ubiquitous have digital payments become in India? As Australia’s Sydney Morning Herald reported Saturday (Jan. 21), street-side produce vendors in the country now include...

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DMI Acquires ZestMoney, Plans to Grow Merchant Network Across India
DMI Acquires ZestMoney, Plans to Grow Merchant Network Across India
January 17, 2024  |  Partnerships

DMI Group, a pan-India financial services platform, has acquired ZestMoney, a digital credit provider in India.  The acquisition will allow DMI to incorporate the ZestMoney checkout...

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State Bank of India Chair Applauds Crackdown on ‘Unhealthy’ Loans
State Bank of India Chair Applauds Crackdown on ‘Unhealthy’ Loans
January 17, 2024  |  Loans

The chair of India’s biggest bank said his country was right to restrict unsecured loans. That crackdown, the State Bank of India’s Dinesh Khara told...

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Google Aims to Take UPI Payments Beyond India’s Borders
Google Aims to Take UPI Payments Beyond India’s Borders
January 17, 2024  |  News

Google Pay is working to expand India’s popular mobile payment system beyond that country’s borders. The tech giant has signed an agreement with the National...

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