Reserve Bank Of India

Flywire Streamlines Indian Cross-Border Tuition Payments
Flywire Streamlines Indian Cross-Border Tuition Payments
October 16, 2018  |  Partnerships / Acquisitions

Flywire, a company that solves payment problems for businesses and institutions, announced Tuesday (Oct. 16) that it has launched a simpler way for students in India...

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WhatsApp Caves To India Payments Data Demands
WhatsApp Caves To India Payments Data Demands
October 09, 2018  |  Regulation

WhatsApp, Facebook’s messaging app that is trying to make inroads in the digital payments market in India, has created a system to store payment data...

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RBI Questions Bank Chiefs On SWIFT ‘Gaps’
RBI Questions Bank Chiefs On SWIFT ‘Gaps’
September 06, 2018  |  B2B Payments

The Reserve Bank of India (RBI) has reportedly sent letters to several heads of top banks in the country questioning why they have yet to...

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Bitcoin Daily: Rakuten Plans To Acquire Crypto Exchange, Asia Sees Surge In Blockchain Job Postings
Bitcoin Daily: Rakuten Plans To Acquire Crypto Exchange, Asia Sees Surge In Blockchain Job Postings
September 03, 2018  |  Bitcoin

Japanese eCommerce company Rakuten is planning to acquire the cryptocurrency exchange service called everybody’s bitcoin Inc., according to an announcement. The deal could happen through a...

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Visa Offers payWave In India; PayPoint Teams Up With Anywhere Sim
Visa Offers payWave In India; PayPoint Teams Up With Anywhere Sim
July 18, 2018  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Visa’s offering of payWave in India as the country...

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India Could Relax Rules On Data With Payment Companies
India Could Relax Rules On Data With Payment Companies
July 11, 2018  |  Regulation

The Ministry of Finance in India is proposing that the government relax a directive that would require global payment firms to store the data of...

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Punjab National Bank Continues Internal Investigations Into $2B Diamond Heist Scandal
Punjab National Bank Continues Internal Investigations Into $2B Diamond Heist Scandal
April 12, 2018  |  International

India’s Punjab National Bank (PNB) is conducting an internal investigation into an alleged $2 billion fraud, vowing to come down on anyone involved in the...

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India Puts Crypto Ban On Banks
India Puts Crypto Ban On Banks
April 06, 2018  |  Bank Regulation

The Reserve Bank of India has banned regulated financial institutions in the country from dealing with cryptocurrencies, CNBC reported. Get the Full Story Complete the form...

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India Police Tap Central Bank Officials To Help With PNB Inquiry
India Police Tap Central Bank Officials To Help With PNB Inquiry
April 06, 2018  |  International

Investigators in India are questioning four senior central bank officials as part of its investigation into the $2 billion fraud case at Punjab National Bank...

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