Reserve Bank Of India

India’s New Payment Rules Prompt Big Tech Warnings

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...

READ MORE >
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. Get the Full Story...

READ MORE >
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....

READ MORE >
RBI Delays Plans To Launch New Payment Network
RBI Delays Plans To Launch New Payment Network
August 25, 2021  |  Digital Payments

India’s central bank, the Reserve Bank of India (RBI), has announced it will put a new payment network plan on hold, Mint reported Wednesday (Aug....

READ MORE >
India Begins To Consider A CBDC
India Begins To Consider A CBDC
July 22, 2021  |  Cryptocurrency

The Reserve Bank of India (RBI) has begun thinking about doing a “phased introduction” of a central bank digital currency (CBDC), amid legal changes needed...

READ MORE >
India’s RBL Bank Will Issue Visa Credit Cards After Mastercard Ban
India’s RBL Bank Will Issue Visa Credit Cards After Mastercard Ban
July 16, 2021  |  Payment Methods

Earlier this week, the Reserve Bank of India decided to bar Mastercard Asia/Pacific Pte. Ltd. customers from its network due to non-compliance with local data...

READ MORE >
RBI Tells Mastercard To Stop Onboarding New Card Customers In India
RBI Tells Mastercard To Stop Onboarding New Card Customers In India
July 14, 2021  |  Cross-border Payments

The Reserve Bank of India (RBI), India’s central bank, has announced that Mastercard Asia / Pacific Pte. Ltd. (Mastercard) will not be allowed to bring...

READ MORE >
Today In Payments: Riskified Files For IPO; Amazon Pay Later Hits 2M Users In India
Today In Payments: Riskified Files For IPO; Amazon Pay Later Hits 2M Users In India
July 02, 2021  |  News

In today’s top news, Riskified filed for an initial public offering (IPO), and India’s Amazon Pay Later now has 2 million users. Plus, financial institutions...

READ MORE >