According to the latest update from Paypal, from March 3rd, Indian entities will have only to fill out a ‘Purpose Code’ which defines the purpose of the payment made to ... Continue_Reading

Update: (March 2nd): It appears that Paypal will no longer require an Export Code, but a ‘Purpose Code. Much easier, this way. Read the update here. Earlier (Feb 27th): The Reserve ... Continue_Reading

Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, at India Telecom 2009, was severely critical of the lack of uptake in mobile banking in India. “There is tremendous scope, ... Continue_Reading

The e-commerce industry in India needs to brace for the coming of a lull in transactions, which owes its origin to a notification from the Reserve Bank of India. According to ... Continue_Reading

Finally. Over two years ago, the Reserve Bank of India (RBI) put into cold storage, a Paypal-like service from by the Times of India Group called Wallet365. Wallet365 was essentially a pre-paid transaction instrument, ... Continue_Reading

Given credit crunch, the Department of Telecom has deferred the 3G auction till January 15th. Earlier the auctions were to be completed by the end of the year. A revised ... Continue_Reading

Downloads: – RBI notification to put M-Banking services on hold – RBI Draft Guidelines For Mobile Banking The RBI has decided to put mobile payment services linked to banks on hold until the ... Continue_Reading