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Birla Institute of Management Technology Launches Bimcoin, a Blockchain-Based Campus Currency
BIMTECH has designed Bimcoin to facilitate secure and transparent transactions within the institute’s internal ecosystem for students, administrators, and vendors. Unlike conventional financial systems, Bimcoin leverages blockchain’s decentralised nature, ensuring transparency, and incorporating programmable features such as smart contracts, th...
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To Curb Fraud, Banks May Soon Call You From Numbers Starting With These Digits
The RBI on Friday asked banks to use only the '1600xx' phone numbering series to call customers for transactional purposes with a view to preventing financial fraud.
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How To Apply For Pan 2.0 with QR Code Online: Check Benefits, Documents Required, and More
PAN 2.0 is a secure and upgraded financial identity system introduced by India’s Income Tax Department. This innovative card offers faster issuance, digital updates, Aadhaar integration, and QR code-based identity verification. Our guide explains the step-by-step process to apply via NSDL or UTIITSL, eligibility criteria, required documents, and ...
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Qualcomm’s Interest in Acquiring Intel Is Said to Have Cooled
Qualcomm’s interest in pursuing an acquisition of Intel has cooled. The complexities associated with acquiring all of Intel has made a deal less attractive to Qualcomm, said some of the people, asking not to be identified discussing confidential matters.
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EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
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Role Of UPI In Enhancing Transparency In Financial Transactions
UPI has revolutionized the way we transact, making it faster, more convenient, and, most importantly, more transparent.
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JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
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Explained: Coinbase CEO’s Demonstration of First AI-to-AI Crypto Transaction
Integrating AI with cryptocurrencies for transactional purposes, as per Coinbase, could serve as an initial stride toward empowering AI agents to handle financial management and execute intricate tasks through simple text commands.
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"Show Bank Statement Of Accused": Supreme Court On Jharkhand Land Scam
The Supreme Court on Thursday sought the bank statements of an accused to ascertain the financial transactions related to the sale of 4.55 acre land of the Indian Army in Ranchi allegedly by creating false property documents.
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Europe Issues 'Travel Rule' Guidelines for Crypto Firms Amid Push to Curb Money Laundering, Financial Crime
The European Banking Authority (EBA) has imposed a ‘travel rule’ over crypto firms that aims to reduce instances of money laundering and terror financing using crypto assets, transactions through which often leave no trails that could lead to criminals.
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South Korea Initiates Crackdown on Suspicious Crypto Activities
On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.
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Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
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Deadline Over, Pay Higher Tax If You Haven't Done This
Under Section 206AA and 206CC, failure to link will result in twice the usual TDS rate and other financial consequences.
-
JioFinance App With UPI, Banking Services Launched in Beta By Jio Financial Services
JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...
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How India Spent Its Money In 2023? Report Reveals Financial Habits
The report analysed over a billion transactions conducted on its platform between April 1, 2023, and March 31, 2024, revealing the areas where Indian consumers spent their money.
-
Birla Institute of Management Technology Launches Bimcoin, a Blockchain-Based Campus Currency
BIMTECH has designed Bimcoin to facilitate secure and transparent transactions within the institute’s internal ecosystem for students, administrators, and vendors. Unlike conventional financial systems, Bimcoin leverages blockchain’s decentralised nature, ensuring transparency, and incorporating programmable features such as smart contracts, th...
-
To Curb Fraud, Banks May Soon Call You From Numbers Starting With These Digits
The RBI on Friday asked banks to use only the '1600xx' phone numbering series to call customers for transactional purposes with a view to preventing financial fraud.
-
How To Apply For Pan 2.0 with QR Code Online: Check Benefits, Documents Required, and More
PAN 2.0 is a secure and upgraded financial identity system introduced by India’s Income Tax Department. This innovative card offers faster issuance, digital updates, Aadhaar integration, and QR code-based identity verification. Our guide explains the step-by-step process to apply via NSDL or UTIITSL, eligibility criteria, required documents, and ...
-
Qualcomm’s Interest in Acquiring Intel Is Said to Have Cooled
Qualcomm’s interest in pursuing an acquisition of Intel has cooled. The complexities associated with acquiring all of Intel has made a deal less attractive to Qualcomm, said some of the people, asking not to be identified discussing confidential matters.
-
EBA Establishes Stricter Oversight for Firms Handling Crypto-Assets and Payments: Details
The European Banking Authority (EBA) has directed payment service providers to screen all firms seeking to register their businesses in EU member states. Additionally, EU lawmakers have mandated that virtual digital asset service providers (VASPs) conduct comprehensive due diligence, including detailed risk assessments.
-
Role Of UPI In Enhancing Transparency In Financial Transactions
UPI has revolutionized the way we transact, making it faster, more convenient, and, most importantly, more transparent.
-
JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
-
Explained: Coinbase CEO’s Demonstration of First AI-to-AI Crypto Transaction
Integrating AI with cryptocurrencies for transactional purposes, as per Coinbase, could serve as an initial stride toward empowering AI agents to handle financial management and execute intricate tasks through simple text commands.
-
"Show Bank Statement Of Accused": Supreme Court On Jharkhand Land Scam
The Supreme Court on Thursday sought the bank statements of an accused to ascertain the financial transactions related to the sale of 4.55 acre land of the Indian Army in Ranchi allegedly by creating false property documents.
-
Europe Issues 'Travel Rule' Guidelines for Crypto Firms Amid Push to Curb Money Laundering, Financial Crime
The European Banking Authority (EBA) has imposed a ‘travel rule’ over crypto firms that aims to reduce instances of money laundering and terror financing using crypto assets, transactions through which often leave no trails that could lead to criminals.
-
South Korea Initiates Crackdown on Suspicious Crypto Activities
On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.
-
Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
-
Deadline Over, Pay Higher Tax If You Haven't Done This
Under Section 206AA and 206CC, failure to link will result in twice the usual TDS rate and other financial consequences.
-
JioFinance App With UPI, Banking Services Launched in Beta By Jio Financial Services
JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...
-
How India Spent Its Money In 2023? Report Reveals Financial Habits
The report analysed over a billion transactions conducted on its platform between April 1, 2023, and March 31, 2024, revealing the areas where Indian consumers spent their money.
