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Despite mooting for tougher regulations for wallets, the Reserve Bank of India (RBI) has opened new avenues of business. Wallets will now be able...
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Despite mooting for tougher regulations for wallets, the Reserve Bank of India (RBI) has opened new avenues of business. Wallets will now be able...
We missed this earlier. In a speech earlier this month, Reserve Bank of India (RBI) deputy governor R Gandhi said that the potential of...
Tata Group’s payout of $1.17 billion in damages to Japanese telco NTT Docomo cannot be approved and is illegal, since it involves the transfer...
The number of credit and debit cards in India is steadily rising but Indians still prefer debit cards over credit cards. In January 2017,...
For the month ending January 2017, volume and amount of transactions on prepaid cards decreased by 29.6% and increased by 9.6% respectively, according to...
Update (Feb 28): NTT Docomo said in a statement: “Full satisfaction of the award through the Delhi High Court’s judgment will enable DOCOMO to...
Last week, R Gandhi, deputy governor of the Reserve Bank of India (RBI) responded to the recommendations of the Ratan Watal Committee report, which...
Mobile payments company Paymate is surrendering its wallet licence to the Reserve Bank of India (RBI). The RBI website shows that the surrender process...
To promote payments on debit cards, the Reserve Bank of India (RBI) has proposed new slabs for merchant discount rate (MDR) banks will be...
Limits on cash withdrawals from savings bank accounts have been enhanced to Rs 50,000 per week from the earlier Rs 24,000, the Reserve Bank...
