TimesofMoney, the digital payments service provider from BCCL (the Times of India group) intends to expand its payment services by entering mobile and domestic remittances services, reports PTI (via The Hindu Business Line). The company informs that plans are under work, and that it has yet to approach the Reserve Bank Of India for permission. We'd been told by the company in 2009 that it had applied for a prepaid payments license, and judging by this RBI notice, it appears that the company did receive a license, only to surrender it in October 2010. The RBI bulletin reads: October 1, 2010 The TimesofMoney Ltd., 4th Floor, Times Tower Kamala Mills Compound, Senapati Bapat Marg, Lower Parel (West), Mumbai–400013 has, on September 23, 2010, voluntarily surrendered the Certificate of Authorisation given by the Reserve Bank of India. The Reserve Bank of India…
- Indian government issues advisory prohibiting surrogate ads by betting platforms October 4, 2022
- Why an Indian VPN provider is suing the government over the new cybersecurity rules October 4, 2022
- Roundup: Airtel Launches 5G in India, Telecom Minister Targets a Fast 200-city coverage October 4, 2022
- Summary: EU’s Cyber Resilience Act for cybsersecurity of digital products October 4, 2022
- Why the US wants to regulate the Buy Now, Pay Later (BNPL) industry October 4, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...