RBI to examine role of quantum technology in strengthening financial sectorThe Reserve Bank of India is forming an expert committee to study quantum technology's role in finance. This new technology could revolutio...
Digital gold sector takes shine to govt’s formal framework signalIndia's burgeoning digital gold sector is on the cusp of formal regulation as the government explores an oversight framework. Fintech found...
FM Sitharaman says Indian banks must build new defences as AI threats grow, West Asia crisis watched closelyIndian banks face new artificial intelligence cyber threats. Finance Minister Nirmala Sitharaman urged a proactive approach. Banks will col...
Paytm Payments Bank is finished. Ashvin Parekh on what it means for your money & your Paytm appThe RBI has cancelled Paytm Payments Bank's license. This formal step concludes a process that began in 2022. The winding-down process is n...
RBI scraps Paytm Bank licence; Pronto's back-to-back fundingRBI has cancelled Paytm Payments Bank licence over compliance lapses. This and more in today's ETtech Top 5.
RBI in talks with global regulators, banks to review Mythos risks, sources sayIndia's central bank is actively engaging with global counterparts and local institutions to assess potential cybersecurity threats from An...
Banks, asset management firms, stock brokers set to be shareholders in SahamatiBanks, NBFCs, brokers and fintechs are investing in Sahamati, with major lenders and platforms taking nearly 2–8.5% stakes. The move aligns...
From Rs 20 chai transactions to Rs 285 lakh crore flows; UPI marks a decade of India's payments revolutionIn the last 10 years, UPI has registered a 12,000-fold surge in volume and over 4,000 times increase in value — that's 17.86 million transa...
UPI achieves nearly 23 billion transactions in March: DFSTransaction through the Unified Payments Interface (UPI) touched a record high of 22.64 billion in volume terms in March. In volume terms, ...
UPI transactions set new record, scale 14 billion peak in MayThe Unified Payments Interface (UPI) network, operated by the National Payments Corporation of India (NPCI), has achieved a significant mil...
Reserve Bank of India puts on hold NUE licensingThe regulator will not grant permission to any of the six consortiums to commence business as all of them have fallen short of the RBI's ex...
Banks seek formal NPCI note on crypto UPI curbsThe banks, some of which are shareholders of NPCI, raised the issue at a recent meeting after the payments body expressed its reservations ...
Have no responsibility to audit members of UPI ecosystem: RBI tells Supreme CourtThe Reserve Bank of India (RBI), in its affidavit filed in the top court, also said that the matters related to data privacy and data shari...
How WhatsApp got UPI licence: SC seeks reply from NPCIThe Supreme Court on Monday asked National Payment Corporation of India (NPCI) to file an affidavit explaining how WhatsApp was granted lic...
Concerns over transactions on third party apps like GPay can be redressed: NPCIThe NPCI said that "malicious news" is floating on social media which suggests that transferring money through Google Pay is not protected ...
Payments proving to be one hurdle too many for WhatsAppChances of WhatsApp going live with payments anytime soon seems bleak as it hits one roadblock after another.
Here's why WhatsApp is yet to start its payment service in IndiaNPCI has not replied to specific queries raised by the ministry of electronics and information technology early this month.