rbi
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Stories
Xiaomi to float own NBFC in India, eyes consumer financing and B2B lending
Chinese smartphone maker giant, Xiaomi is planning to enter consumer financing and B2B lending in India. The company will float…
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Stories
RBI unlikely to extend deadline for data localisation: What options left for Visa, Google and FB?
While the deadline for data localisation for foreign payments players is around the corner, RBI is leaving no stone unturned…
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Stories
WhatsApp Pay likely to launch soon as it readies local data servers
Following the diktat of Reserve Bank of India (RBI), WhatsApp is setting up servers to store financial data in the…
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Zebpay shuts crypto exchange, keeps its wallet functional for users
Crippled by the RBI diktat not allowing banks to undertake any cryptocurrency-related transactions, India’s one of the largest cryptocurrency exchanges…
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Stories
RBI to Setup Regulatory Sandbox for Fintech and P2P Lending Startups, Co.s
Reserve Bank of India (RBI) is said to be working on a regulatory sandbox for fintech companies can test…
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After Amazon, Xiaomi to transfer data on local servers in India
Lein Jun, CEO, Xiaomi After the government stiffened its stand towards data localization, foreign-headquartered tech players are falling in line…
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Foreign payment firms to miss RBI’s October data storage deadline
In absence of the Reserve Bank of India clarification on data storage, the global payment firms may not meet the…
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After Airtel, Paytm Payments Bank Gets Into Trouble With RBI
First, it was Airtel and Airtel Payments Bank that was banned from conducting eKYC of customers using Aadhaar. Now, the Reserve Bank…
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RBI Ordered PayTM Payment Bank to Stop Enrolling New Customers and Remove its CEO
Home Report Since 20 June 2018, Paytm has stopped enrolling new customers which was due to the fact that…
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Mobile wallets bounce back after slump, record 2nd highest transactions in May
In what could be seen as mobile wallets strides to bounce back from mandatory know-your-customer (KYC) requirements setback three months…
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