The founder of Paytm expects the company’s banking unit to spring back to life. Last year, the Reserve Bank of India (RBI) all but shuttered Paytm Payments Bank following warnings about data flows between it and its parent company. Chief Executive Officer Vijay Shekhar Sharma...
India’s central bank says the country is making mobile payment links with several countries. Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar discussed those connections while speaking to reporters Wednesday (Nov. 20) at a conference in the Philippines. “We have one arrangement with Sri...
Paytm won approval from India’s finance ministry to invest in its payment services operation. The company announced the approval Wednesday (Aug. 28) in a disclosure posted to its website. Paytm has faced scrutiny this year after being ordered to close its payments bank in January....
The Reserve Bank of India (RBI) plans to launch a technology platform designed to enable frictionless credit, especially for small- to medium-sized businesses (SMBs). The RBI began piloting the platform — which it plans to name the “Unified Lending Interface (ULI)” — in 2023 and...
January 28, 2019
Barring any reprieve, Feb. 1 marks a sea change for India’s eCommerce sector. New rules may hobble giants like Amazon and Flipkart from offering discounts or investing in nascent marketplaces. Here’s why economic nationalism may trigger ripple effects no one will want.
July 13, 2017
Over the last 18 months, India has moved full-speed ahead from a nearly entirely cash-based society to one with ambitions of being totally cashless. The most public — and most famous...
February 07, 2025
After a 3% decline in the rupee since mid-December, the new chief of India’s central bank reportedly said Friday (Feb. 7) that the bank is working to maintain stability without hurting market efficiency. “Our interventions in the forex market focus on smoothening excessive and disruptive volatility rather than targeting any specific exchange rate level or […]
January 21, 2025
The founder of Paytm expects the company’s banking unit to spring back to life. Last year, the Reserve Bank of India (RBI) all but shuttered Paytm Payments Bank following warnings...
November 20, 2024
India’s central bank says the country is making mobile payment links with several countries. Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar discussed those connections while speaking to reporters...
August 28, 2024
Paytm won approval from India’s finance ministry to invest in its payment services operation. The company announced the approval Wednesday (Aug. 28) in a disclosure posted to its website. Paytm...
