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
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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
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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
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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

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

PTI

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