RBI to install grievance redressal scheme for digital financial transactions

Payal Ganguly

The Reserve Bank of India (RBI) has said it will install an ombudsman scheme for digital financial transactions by January 2019. ....

6 December, 2018

Crypto exchange firm Koinex eyes global market amid trading constraints in India

Anand J

To fuel its global expansion plans, multi-cryptocurrency trading platform Koinex has said it will offer blockchain-based solutions ....

5 December, 2018
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How Indian banks are using emerging tech to do more than just acquire customers

Shweta Sharma

In a bid to reduce costs, create product and service differentiation, and in turn, gain more market share in a crowded segment, ....

23 November, 2018

Two years after demonetisation: How digital transactions fared since note ban

Payal Ganguly

Two years after the government rendered high-value currency notes illegal, demonetisation has boosted digital transactions and ....

9 November, 2018

RBI may create ombudsman for digital transactions

Vijayakumar Pitchiah

The Reserve Bank of India has proposed setting up an ombudsman scheme specifically for online payments in light of the rising ....

8 November, 2018

Unocoin founder arrested for running Bitcoin trading kiosk

Anirban Ghoshal

Cryptocurrency firm Unocoin’s co-founder Harish BV has been arrested by sleuths from the central crime branch for running ....

24 October, 2018
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Explainer: How does the RBI’s data localisation directive impact payments firms?

Payal Ganguly

The Reserve Bank of India’s refusal to extend the deadline for localisation of payments data in India has left global companies ....

16 October, 2018

RBI to stick with plan to force payments firms to store data locally

Reuters

The Reserve Bank of India (RBI) will implement in full its directive that forces global payment companies to store data locally ....

11 October, 2018

Zebpay shuts downs cryptocurrency exchange in face of RBI ban

Anirban Ghoshal

Zebpay, a virtual-coin exchange platform and mobile wallet, on Friday, said that it was shutting down its cryptocurrency exchange ....

28 September, 2018

Facebook, other global tech firms gear up to fight India's planned data law

Reuters

Global tech companies plan to oppose new legislation in India that would require Facebook, PayPal and others to store user ....

19 September, 2018
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Govt tells WhatsApp to follow the law, set up Indian entity

Anirban Ghoshal

On a day when WhatsApp chief executive Chris Daniels began his India tour, the government sent the Facebook-owned instant ....

21 August, 2018

WhatsApp sheds beta tag for payment service, ties up with two more banks

Shweta Sharma

Instant messaging platform WhatsApp has partnered with private-sector lenders HDFC Bank and Axis Bank to launch its payment services ....

1 August, 2018

Why Paytm Payments Bank has stopped accepting new customers

Vijayakumar Pitchiah

Paytm Payments Bank, operated by digital wallet firm Paytm, has stopped on-boarding new consumers over directions from the Reserve ....

1 August, 2018

Cryptocurrency firms look for a workaround after top court refuses to lift RBI ban

Shweta Sharma

Companies dealing in cryptocurrencies are desperately aiming to work around the banking ban after the Supreme Court virtually ....

4 July, 2018

Draft Bill on information privacy may ask MNCs to store Indians’ data locally

Shweta Sharma

A committee, which is likely to send a draft Bill on new data privacy laws to the government by the end of this month, may recommend ....

18 June, 2018

WhatsApp payments service delayed as Facebook data scandal fallout lingers

Anirban Ghoshal

Privacy and storage concerns triggered by the massive data scandal at Facebook have pushed back the India launch of the social ....

6 June, 2018

IT ministry wants to know how WhatsApp plans to store its payments data

Anirban Ghoshal

The Union IT ministry has sent a letter to the National Payments Corporation of India (NPCI) — the umbrella body for digital ....

1 June, 2018

RBI resists lobbying by US payment firms to ease local data storage rules

Reuters

India’s central bank is standing firm on a directive to compel global payment firms to store customer data in India, resisting ....

30 May, 2018

P2P lending platform PaisaDukan raises second round of seed funding

Keshav Sunkara

Mumbai-based fintech firm BigWin Infotech Pvt. Ltd, which owns yet-to-be-launched peer-to-peer lending marketplace PaisaDukan.com, ....

8 May, 2018

Local storage of payment data to inspire confidence, entice transactions

Bipin Preet Singh

It was just another weekday on the sixth of April when a directive by Reserve Bank of India (RBI) asking all payment companies ....

7 May, 2018

Why cryptocurrency trading volumes have surged since RBI clampdown

Reuters

A month after the Reserve Bank of India barred regulated lenders from facilitating cryptocurrency transactions, trading volumes ....

4 May, 2018