The Reserve Bank of India (RBI) has directed e-commerce marketplaces to ensure that payments to merchants are processed within two days after the transaction...
The number of point-of-sale (POS) machines in July 2017 stood at 28,40,113 growing 96.7% year-on-year, Reserve Bank of India (RBI) data showed. In July...
Peer-to-peer lending platforms will now be treated as non-banking financial companies (NBFC). The Reserve Bank of India (RBI) said that: On being satisfied that...
For the month ending July 2017, number of transactions using Prepaid Payment Instruments (Mobile Wallets and PPI Cards combined) increased by 6% to 270.2...
There is some confusion for the government’s drive for increasing card transactions. The Reserve Bank of India (RBI) has instructed banks not to deduct...
True Balance, operated by Balancehero India Private Limited, has got a wallet licence from the Reserve Bank of India (RBI). The wallet was issued to Balancehero...