Search result for 'prepaid payment instruments'

Junio Payments receives RBI authorization to issue Prepaid Payment Instruments (PPIs). Digital wallet & UPI for teens. Financial literacy for youngsters.

RBI report reveals digital payments accounted for 99.7% of transactions in 2024. UPI, RTGS, NEFT growth detailed.

RBI imposes Rs 21 lakh penalty on PhonePe for non-compliance with Prepaid Payment Instruments (PPI) norms. Details inside.

The Reserve Bank of India (RBI) has permitted UPI transactions using prepaid payment instruments (PPIs) through third-party apps, enabling more flexibility for PPI holders.

In-Solutions Global (ISG), backed by JP Morgan, receives full authorisation from RBI as a payment aggregator, strengthening its position to power enterprises and SMBs with innovative payment...

Government e-Marketplace (GeM) adds 170 seed categories to its platform, enabling public sector units to procure seeds for nationwide distribution.

UK fintech Revolut is set to launch in India in 2025, aiming to offer a range of digital financial services. The company has secured necessary licenses and is tailoring its platform for the Indian...

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...

MobiKwik claims to be the largest digital wallet platform in India based on transaction value, reaching a 23% market share in May 2024. The company attributes its growth to its Pocket UPI feature...

Zomato's subsidiary, Zomato Payment Pvt Ltd, has surrendered its RBI licence to operate as an online payment aggregator. The company cites lack of competitive advantage and commercial viability as...

Reserve Bank of India directs TalkCharge Technologies to refund prepaid wallet balances to customers after finding the company operating without authorization.

Reserve Bank of India (RBI) announces plans to enable cash deposit facility in banks using UPI, making it easier for customers to deposit cash. This move will also allow linking Prepaid Payment...

Reserve Bank of India (RBI) has issued revised norms to simplify bill payments, increase participation, and strengthen customer protection. Learn about the new regulations for Bharat Bill Payment...

Zomato Payments Pvt Ltd receives RBI authorisation to operate as an online payment aggregator in India. The company will now be able to facilitate payments for online food delivery and other services.

RBI raises UPI automatic payment limit to Rs 1 lakh for transactions like mutual fund subscriptions, insurance premiums, and credit card bill payments. Read more.