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RBI RESPONSE ON UPI
ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...- Unified Lending Interface is a good start. Now comes the hard partIndia's new Unified Lending Interface, ULI, promises to fix credit access. However, its true impact depends on fintech companies.
- Top-level rejig hits mid-cap ITs; Fintechs wary of RBI wallet rulesHappy Thursday! Mid-sized IT firms are realigning leadership teams as AI-driven changes force a rethink. This and more in today's ETtech Mo...
- Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
- India to use AI to protect consumers from money mule banking cyber fraud, announces Home Minister Amit ShahIndia will now use Artificial Intelligence to fight money mule banking cyber fraud. The Home Minister announced a partnership between the I...
- Mythos: A challenge for the Indian banking systemClaude Mythos, a cutting-edge AI tool, has unearthed significant weaknesses in cybersecurity systems. In response, Indian authorities are s...
- Slice eyes $50-100 million funding at lower valuation, sharpens digital bank pitchThe small finance bank has held discussions with VC funds and other investors at a time when fintech sector has come under increasing regul...
- India Post Payments Bank opened accounts without mobile verification: ReportA CAG report has highlighted significant issues at India Post Payments Bank. Accounts were opened without proper mobile number verification...
- HC seeks RBI, Govt reply on UPI fraud safeguardsThe Delhi High Court has asked the Finance Ministry, Reserve Bank of India, and National Payments Corporation of India for their response. ...
- Junio Payments gets RBI's in-principle authorisation to issue prepaid payment instrumentsJunio Payments Private Ltd has secured in-principle authorisation from the Reserve Bank of India to issue Prepaid Payment Instruments. This...
- Want to make UPI and RuPay truly global: RBI governor Shaktikanta DasRBI governor Shaktikanta Das announced plans to make UPI and RuPay global to improve cross-border payment systems. The central bank aims to...
- RBI wants to make unified Payment Interface (UPI) and RuPay truly global, says RBI governorUPI is an instant real-time payment system developed by NPCI to facilitate inter-bank transactions through mobile phones. NPCI backed RuPay...
- Majority of users to stop using UPI if it attracts transaction fee: SurveyAccording to a survey by LocalCircles, a majority of people will stop using UPI if a transaction fee is imposed. The survey also found that...
- UPI limit for payments to hospitals and educational services increased to Rs 5 lakh; when is this applicableAccording to information released by the National Payments Corporation of India (NPCI), the Unified Payments Interface (UPI) has surpassed ...
- 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...
- HC seeks Centre, RBI response on plea alleging guidelines violation by Google PayA bench of Chief Justice D N Patel and Justice Prateek Jalan issued notices to the authorities and also Google India Digital Service Pvt Lt...
- Delhi HC asks RBI, Centre to respond to plea for action against Google Pay for flouting UPI rulesJustice Asha Menon, who conducted the hearing through video conferencing, issued notices to the RBI, the Centre and Google India Digital Se...
- WhatsApp can’t start payments business, RBI tells SCNPCI manages UPI, which clocked over a billion transactions last month. The SC had recently asked RBI to update it on WhatsApp’s data local...
- 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.
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