Tag: Reserve Bank of India
Wise plans growth in India’s $32bn remittance sector
UK fintech Wise has announced plans to begin enrolling new customers in India for international money transfers.
According to Bloomberg, Wise aims to capture a...
BIS takes step to standardise global instant payments
The Bank for International Settlements (BIS) and partners have announced they are moving toward phase four of Project Nexus, standardising the way domestic IPS...
India accelerates CBDC efforts by exploring offline capabilities
The Reserve Bank of India (RBI) is pushing its central bank digital currencies (CBDCs) programme further by testing offline capabilities in rural areas of...
Reserve Bank of India lays down the law in non-compliance action...
The Reserve Bank of India (RBI) is toughening its stance on its non-compliance rules for financial institutions following sanctions placed upon Paytm.
In a statement...
India launches first pilot of the Digital Rupee
The Reserve Bank of India (RBI) has launched the first pilot of its central bank digital currency (CBDC); the digital rupee.
Following an announcement from...
Cashfree Payments greenlighted by RBI for cross-border transfers
Cashfree Payments has announced that it has been granted permission by the Reserve Bank of India to start offering cross-border payments.
With the bank’s decision,...
Mastercard has ban lifted in India
Mastercard is once again able to operate freely in India after the country lifted the business ban imposed on the payments giant one year...
