News RBI Will Issue Whitelist of Lending Apps Allowed On Google Play and Apple App Store: Finance Ministry RBI will prepare a whitelist of legal lending apps and MeitY will ensure that only these apps are hosted on Google Play and Apple... Sarvesh MathiSeptember 9, 2022
News Summary: What are RBI’s new rules for digital lending apps and service providers? The RBI released a new regulatory framework to govern digital lending including lending through online platforms and mobile apps Sarvesh MathiSeptember 6, 2022
News Amex becomes the last company to comply with RBI’s 2018 data localisation norms After this move by the Indian Central Bank RBI, American Express will be able to onboard new customers again after the ban in May... MitakshAugust 25, 2022
News RBI paper mulls whether UPI should continue with a zero-charge framework UPI in particular saw high adoption due to speed and zero charges, but a new RBI discussion paper asks if digital payments should be... Akshit ChawlaAugust 19, 2022
News RBI eases card storage rules for acquiring banks, merchants, and payment aggregators The Reserve Bank of India (RBI) announced some relaxations to its card storage rules, which are set to get into effect on October 1,... Sarvesh MathiAugust 1, 2022
News How fintech startup Slice is working around RBI’s new norms on credit lines Fintech start-up Slice will now offer its customers real-time term loans on each transaction rather than a revolving credit line Sarvesh MathiJuly 20, 2022
News RBI fines Ola ₹1.67 crores for flouting KYC and Prepaid Payment Instrument norms RBI's fine is an indication of its continued scrutiny of PPIs Sarvesh MathiJuly 13, 2022
News Non-bank Payment System Operators require RBI’s approval before making any sale or acquisition: Here’s what to know. India's central bank is tightening its regulatory noose around fintech start-ups as prior approval is mandatory now for sale or acquistion MitakshJuly 5, 2022
News Why RBI’s deadline extension for card storage rules does not really address industry concerns RBI extended the deadline for its card storage rules to September end, but the concerns of merchants is more than just the amount of... Sarvesh MathiJune 29, 2022
News RBI has zero info on payment ecosystem readiness for new card storage rules, RTI reveals In response to an RTI request, RBI said that is has no information pertaining to a number of important questions around its new card... Sarvesh MathiJune 28, 2022