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PSS ACT
PayU gets RBI's nod to operate as online, offline and cross-border payment aggregatorFintech platform PayU has secured authorization from the Reserve Bank of India to operate as a payment aggregator. This approval allows Pay...- ETtech Explainer: RBI halts Simpl payment operations: What it means to BNPL playersThe action against the Bengaluru-based fintech reflects a broader regulatory crackdown on the buy-now-pay-later sector that has been intens...
- RBI tightens norms for imposing penalty under payment systems lawThe Reserve Bank of India (RBI) has tightened regulations under the Payment and Settlement Systems Act to ensure compliance and enforcement...
- South Korea crisis: Amid probe, Yoon's security chief quitsSouth Korean President Yoon Suk Yeol's security chief resigned following allegations of obstructing duties during an attempt to arrest Yoon...
- Card-based business payments violated Payment and Settlement Systems Act, 2007: RBIOn February 14, ET wrote that fintech startups like EnKash, Paymate and others have been instructed by card network Visa to stop offering b...
- PILs against operations of Google Pay dismissed by HCThe Delhi High Court has rejected two public interest litigations seeking directions to cease the operations of Google Pay for alleged viol...
- RBI imposes Rs 1.76 crore penalty on Vakrangee for non-compliance with regulationsAmong others, the regulator has imposed a Rs 30 lakh penalty on The Jammu and Kashmir State Co-operative Bank Ltd; a fine of Rs 6 lakh on M...
- Sebi permits FPIs to participate in exchange-traded commodity derivatives marketThe board of Sebi, during its meeting held on Wednesday, also approved amendments to rules governing mutual funds and portfolio managers. F...
- Still strong bias for cash payment; need to reassess PSS Act: ReportDue to the emergence of disruptive technologies leading to technology led payment solutions, there is a need to reassess the Payment and Se...
- RBI bars Mastercard from onboarding new customers in IndiaThe central bank’s supervisory action on Mastercard is citing its non-compliance with data localisation mandate wherein all foreign payment...
- Air India data breach: SITA says cyber attackers ‘accessed some systems for 22 days at Atlanta centre’Given the duration of the breach, AI says the customer data base registered in almost a decade of 45 lakh passengers — including their name...
- Reserve Bank of India extends deadline to apply for umbrella entity on retail paymentsRequests have been received from various stakeholders including Indian Banks' Association for extending the deadline, keeping in view the C...
- RBI imposes Rs 1 cr penalty on PNBThe Reserve Bank of India (RBI) imposed the Rs 1 crore penalty for "contravention of the nature referred to in Section 26 (6) of the Paymen...
- ICICI Bank, Axis Bank remove UPI transaction charges from websites but these banks have notPrivate sector lender, ICICI Bank mentions ‘NIL’ under charges for UPI transactions on its website. The Axis Bank website shows an error me...
- CBDT asks banks to refund any fees levied on UPI transactions in 2020Private banks such as ICICI Bank, Axis Bank, Kotak Mahindra Bank and HDFC Bank have recently started charging customers on UPI transactions...
- Central bank makes dissent public, insists on payments board controlThe RBI wants PRB to be under its purview instead as had been stated in the Finance Bill of 2018.
- Government panel calls for sweeping changes to payments lawThe panel’s recommendations were made in a Bill drafted to replace the existing law on payment and settlement systems.
- Could NSEL scam have been nipped in the bud? Probably, yesThe aggrieved investors have had to invoke the writ jurisdiction of different high courts.
- 'We were arrested for Hardik Patel, but he didn't help us'Nine youths today accused Patel quota stir leader Hardik Patel of not extending any help to them, when they were arrested here for protesti...
- No blueprint for conservation of wildlife in south AssamEnvironmental organizations have alleged that state forest department has no blueprint for the conservation of the rich wildlife diversity ...
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