Search result for 'payment system operators'

RBI Governor Sanjay Malhotra highlights plans for promoting payment system innovation with soft-touch regulations and expanding UPI for efficient cross-border payments during Digital Payments...

RBI governor emphasizes responsible innovation and compliance for fintechs and non-bank payment operators, highlighting their crucial role in India's financial system.

The Reserve Bank of India has revised its framework for imposing penalties under the Payment and Settlement Systems Act, increasing the maximum penalty to Rs 10 lakh. The move aims to rationalize...

The Reserve Bank of India has revoked the authorization certificate of UAE Exchange Centre LLC for non-compliance with regulatory requirements. Learn more.

The Reserve Bank of India (RBI) has introduced new regulations for non-bank payment system operators to enhance security and combat fraud. These measures include real-time fraud monitoring, session...

The Reserve Bank of India has imposed penalties on Visa Worldwide, Ola Financial Services and Manappuram Finance for deficiencies in regulatory compliance, including KYC violations and lack of...

Reserve Bank of India (RBI) Governor T Rabi Sankar reveals that CBDC transaction volumes have decreased, while P2M transactions are on the rise. Learn about the latest developments in India's...

The Reserve Bank of India is launching a mobile app to enable retail investors to participate in the government securities market, allowing them to buy and sell government bonds directly.

RBI keeps repo rate at 6.5%, projects GDP growth at 7% for FY25. Inflation expected at 4.5%. Read key highlights of the first bi-monthly policy statement.

PayPal has finally registered with India's Financial Intelligence Unit (FIU) under the Prevention of Money Laundering Act (PMLA) after a long legal battle. The move comes after the FIU imposed a...