Reserve Bank Of India

India’s Central Bank Starts FinTech Division
India’s Central Bank Starts FinTech Division
January 10, 2022  |  Cross-border Payments

India’s central bank is setting up a FinTech department to drive innovation, oversee the exchange of cryptocurrencies and develop regulations for the release of its...

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Reserve Bank of India’s Acceptance of Digital Rupee Highlights Privacy Concerns
Reserve Bank of India’s Acceptance of Digital Rupee Highlights Privacy Concerns
December 29, 2021  |  CBDC

If you look deeper at the news of India’s central bank accepting a “basic” digital rupee as “a safe, robust, and convenient alternative to physical...

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RBI Supports a Full Ban on Cryptocurrencies in India
RBI Supports a Full Ban on Cryptocurrencies in India
December 19, 2021  |  Cryptocurrency

The Reserve Bank of India is in favor of a total ban on cryptocurrencies, Economic Times of India writes. The news comes from anonymous sources...

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Cyber Risks Pose Challenge to CBDC Rollout in India; Digital Payments Growing at Record Highs
Cyber Risks Pose Challenge to CBDC Rollout in India; Digital Payments Growing at Record Highs
December 08, 2021  |  CBDC

Cybersecurity and the risk of cyber fraud pose challenges to the successful rollout of a central bank digital currency (CBDC), Reserve Bank of India (RBI)...

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Cashfree Launches Tokenization Tool Ahead of RBI Deadline
Cashfree Launches Tokenization Tool Ahead of RBI Deadline
November 17, 2021  |  Digital Payments

Indian payments company Cashfree Payments has launched a tool it says will allow merchants to easily save card network tokens while still remaining within Reserve...

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Did RBI Rule ‘Kill’ Recurring Payments in India?
Did RBI Rule ‘Kill’ Recurring Payments in India?
October 17, 2021  |  Cross-border Payments

Earlier this month, the Reserve Bank of India (RBI) established a rule governing how businesses can process recurring payments. In doing so, it “effectively killed...

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India’s New Payment Rules Prompt Big Tech Warnings
India’s New Payment Rules Prompt Big Tech Warnings
October 07, 2021  |  Digital Payments

Banks and Big Tech companies are warning their customers and partners in India to anticipate a wave of declined transactions as the country’s central bank...

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US Official Asks India to Look Into Central Bank’s Mastercard Ban, Report Says
US Official Asks India to Look Into Central Bank’s Mastercard Ban, Report Says
September 19, 2021  |  Cross-border Payments

A U.S. trade official has issues with India’s decision earlier this year to bar Mastercard from issuing new cards, Reuters reported. Brendan A. Lynch, the...

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Mumbai-Based Fino Payments Bank Eyes Reverse Merger Holding Company
Mumbai-Based Fino Payments Bank Eyes Reverse Merger Holding Company
August 30, 2021  |  Cross-border Payments

Fino Payments Bank is contemplating merging with its holding company, subject to approval from the Reserve Bank of India (RBI), according to a Monday (Aug....

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