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The number of point of sale (PoS) machines increased to 4.88 million in November 2019, up 39% from 3.51 million in November 2018, according...
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The number of point of sale (PoS) machines increased to 4.88 million in November 2019, up 39% from 3.51 million in November 2018, according...
The Reserve Bank of India (RBI) has proposed setting up a self-regulatory organisation “for orderly operations of the entities in the payment system” which...
Existing cards, both physical and virtual, that have never been used for online/ international/ contactless transactions will be “mandatorily” disabled, as per a notification...
The Reserve Bank of India, on January 10, said that the Unified Payments Interface (UPI) can be used for making recurring payments. With this,...
The Reserve Bank of India (RBI) will issue new cybersecurity guidelines for ATM service providers by December 31, it said in a statement on...
India Post Payments Bank (IPPB) has set up “a network of access points” in 1.3 lakh post offices, out of which 1.13 lakh are...
In September 2019, the number of debit cards grew to 835.6 million, a 9.46 million increase over August. At the same time, a total...
We missed this earlier. Google Pay is currently in the “midst of” complying with the Reserve Bank of India’s data localisation norms, but will...
The Reserve Bank of India has directed banks to secure their customers’ debit and credit card data, after millions of credit and debit card...
Since its inception on January 31, 2019, the RBI’s Ombudsman for Digital Transactions has disposed about 44% of all the complaints it received. Of...