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
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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

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
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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
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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

Cryptocurrency firms weigh shifting overseas, legal options after RBI crackdown

Anirban Ghoshal

Indian cryptocurrency exchanges are considering moving their operations outside the country and other options to carry on trading ....

9 April, 2018

Singapore blockchain firm ZPX raises $1.3 mn from SeedPlus, others

Anirban Ghoshal

Singapore’s blockchain firm ZPX on Thursday said it has raised $1.3 million (Rs 8.4 crore) in a fundraising round led by ....

5 April, 2018

Banks can’t deal with bitcoin exchanges, payment firms must store data in India: RBI

Anirban Ghoshal

The Reserve Bank of India on Thursday barred banks, non-bank lenders, digital wallets and any other entities it regulates from ....

5 April, 2018

P2P lending startups mull blockchain tech to share info, curb fraud

Anirban Ghoshal

Indian peer-to-peer lending startups are considering a private blockchain to facilitate sharing of information as a risk-mitigation ....

29 March, 2018

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