Paytm to merge wallet business with payments bank

Arti Singh

One97 Communications Ltd, the owner of digital wallet Paytm, said on Monday it will merge its wallet business with its upcoming ....

5 December, 2016

Exclusive: Bitcoin startup Zebpay in talks to raise funds

Priya Prasad

Zebpay, a bitcoin exchange platform and mobile wallet, is in talks to raise $4 million to upgrade its servers and enhance its ....

11 November, 2016

RBI allows startups to raise $3 mn a year in overseas loans


The Reserve Bank today permitted startups to raise external commercial borrowings (ECBs) of up to USD 3 million in a financial ....

27 October, 2016

Startups can raise up to $3 mn from foreign lenders, new norms for pre-paid instruments: RBI

Aman Malik

The Reserve Bank of India (RBI) will allow startups to raise up to $3 million (Rs 20 crore), everyfinancial year from overseas, ....

4 October, 2016

MobiKwik scraps 6% annual profit scheme

Arti Singh

Mobile wallet MobiKwik has scrapped a scheme that promised a so-called annual profit to its users after regulatory intervention, ....

7 June, 2016

Read what P2P lenders have to say about RBI's proposed norms

Priya Prasad

The Reserve Bank of India's (RBI) move to regulate online peer-to-peer lending (P2P) platforms augurs well for the nascent sector ....

26 May, 2016

Paytm ropes in ex-RBI exec Vipin Surelia for payments bank

Nishant Sharma

In a major move for its proposed payments bank, One97 Communications Pvt Ltd, which runs mobile payments and commerce platform ....

14 April, 2016

A look at key recommendations of RBI committee on mobile banking


The central bank has been both lauded and criticised by different sections of the industry over its moves related to allowing ....

14 February, 2014

Citizens with no bank accounts may be able to withdraw cash from ATMs, using feature phones

Sainul K

Reserve Bank of India (RBI) governor Raghuram Rajan has said that apex bank is working on a proposal to launch a payment system ....

12 February, 2014

Bitcoin traders resume operations on a trial basis amid regulatory concerns

Sainul K

Some Bitcoin traders, who had suspended operations after the Reserve Bank of India's (RBI) warning against the use of digital ....

15 January, 2014

Bitcoin operators seek legal clarity on digital currency trading in India

Sainul K

Bitcoin operators in India have sought legal clarity on trading of the virtual currency, in the wake of Reserve Bank of India's ....

6 January, 2014

Bitcoin traders shut operations after RBI warns against use of virtual currencies

Sainul K

Bitcoin operators in India have temporarily shut down operations after Reserve Bank of India (RBI) issued a warning against ....

27 December, 2013

RBI warns against use of virtual currencies like Bitcoins

Anand Rai

The Reserve Bank of India has cautioned the users, holders and traders of virtual currencies (including Bitcoins), about the potential ....

24 December, 2013

Reliance Payment Solutions gets RBI approval for prepaid wallet service Jio Money

Sainul K

Reliance Payment Solutions Ltd, a subsidiary of Mukesh Ambani-owned Reliance Industries Ltd (RIL), has obtained a licence from ....

7 November, 2013

RBI considering development of SMS-encrypted, handset-agnostic app for mobile banking

Sainul K

Reserve Bank of India (RBI) has appointed a technical committee, comprising senior executives predominantly from the banking ....

10 October, 2013

New RBI chief moots SMS-based fund transfers, P2P electronic money transfers & more

Team TC

Raghuram Rajan, in his first interaction as the new governor for the Reserve Bank of India (RBI), mentioned that RBI plans to ....

4 September, 2013

Digital Payment Industry Needs Multiple Models To Push Financial Inclusion

Preethi J

The vast number of unbanked families, the growth of debit and credit cards and rising usage of prepaid cards is indicative of ....

13 September, 2011

RBI Enhances Mobile Banking Limit To Rs 50,000

Anoop Verma

The Reserve Bank of India has given a fillip to mobile banking by relaxing the norms for making payments through mobile phones, ....

6 May, 2011

Foreign Airlines In India Can't Settle Transactions Abroad, Says RBI

Preethi J

Foreign airlines operating in the country must stop their practice of using overseas banks to settle transactions in Indian Rupees ....

11 April, 2011

RBI Announces Rupay, Our Very Own Rupee Card

Team TC

In a boost to India's nascent payment ecosystem, the Reserve Bank of India (RBI) is readying to launch the Rupay card, a domestic ....

23 March, 2011