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PA KYC
ETtech In-depth: Regulatory changes may raise payment firms’ operating costs, shrink revenue streamsA double whammy of regulatory shifts — the real money gaming (RMG) ban and new central bank norms for payment aggregators — is set to resha...- RBI mandates full KYC for payment aggregators; halts rent payments via credit cardsMost of the big fintech firms like Paytm, PhonePe, and others have halted their rent payment offerings via credit cards. Per industry insid...
- Now open, manage RD, PPF accounts using Aadhaar biometric at Post OfficesThe Department of Posts has expanded Aadhaar-based e-KYC to include Recurring Deposit (RD) and Public Provident Fund (PPF) schemes, effecti...
- No more paperwork! Open these Post Office Savings Schemes instantly with Aadhaar e-KYCThe Department of Posts is streamlining account openings for schemes such as Monthly Income Scheme (MIS), Time Deposit (TD), Kisan Vikas Pa...
- Rogue business correspondents, payment aggregators join forces to launder money using bank payout APIsA money laundering scheme is uncovered. Some business correspondents are exploiting banking loopholes. They misuse payment aggregator APIs....
- Earn up to 9.4% interest rate on this corporate FD; check detailsShriram Finance offers higher fixed deposit interest rates for senior citizens and for women investors. The minimum tenure of a fixed depos...
- RBI, payment industry meet discusses contours of new draft PA guidelinesThe digital payments industry representatives met with senior officials of the Reserve Bank of India to share their feedback on the recentl...
- Zomato surrenders payment aggregator licence, writes down Rs 39 crore worth of investmentsFood delivery platform Zomato on Monday reported a consolidated net profit of Rs 175 crore for the quarter ended March 31, 2024, as against...
- RBI’s stricter KYC rules may slow merchant onboarding 90%: expertsThe new rules will be applicable to existing payment aggregators such as Razorpay, Cashfree, and PayU, card payment companies, such as Pine...
- RBI moves to regulate PoS payment players like Pine Labs, Innoviti, MSwipeCompanies like Innoviti Payments, Pine Labs and MSwipe will be brought under regulatory cover now. The regulator said companies providing t...
- RBI directs payment aggregators to undertake due diligence of merchants on boardedThe Delhi High Court has ordered a consortium of 13 lenders, including Punjab National Bank, to upgrade Jindal India Thermal Power's non-pe...
- This NBFC offers 9.4% FD interest rate for these investors; check detailsFD interest rates: Shriram Finance, the retail NBFC, has increased interest rates on fixed deposits by 0.05 to 0.20% for various maturity t...
- Fintech is making global payments its businessRazorpay, Cashfree, PayGlocal, and new entrants rush for RBI's PA-CB licence to tap into lucrative B2B cross-border payments market. Fintec...
- Fintechs parse KYC processes as Paytm bank saga plays outIndustry insiders and startup founders pointed out that the KYC (know your customer) issues around Paytm Payments Bank might not be unique ...
- Cross-border norms bring ePay companies directly under RBI watchWith regulatory clarity comes an opportunity to attract more venture money to tap into the burgeoning export-import market of a growing eco...
- FD interest rate up to 7.8%: RBL Bank launches digital fixed depositRBL Bank has introduced a Digital Fixed Deposit (FD) scheme for new bank customers. Now open a savings account with the bank without going ...
- Shriram Finance's Unnati Jubilee fixed deposit scheme: These investors can earn up to 9.15% FD interest rateShriram Finance, a division of the Shriram Group, launched a special fixed deposit scheme under the category of Jubilee Deposits (Shriram U...
- Bank of Baroda slashes home loan interest rates by 40bps to 8.50%Bank of Baroda has also simplified the process of applying for a Home Loan. Customers can digitally apply for and get approval for a home l...
- Earn up to 9.36% interest rate on this NBFC’s FDsShriram Finance (SFL) has increased fixed deposit interest rates across the board. The new FD rates go into effect on January 1, 2023.
- Transactions above this amount cannot be done in Post Office accounts if mobile number, PAN not updatedThe decision has come in order to minimise the instances of fraud in the Post Office. Further, only after the updation of the mobile number...
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