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X Money Digital Payments Service Unveiled; Platform Partners Visa to Introduce P2P Payments
X Money was introduced by Elon Musk's X platform on Wednesday as a new digital wallet and payments service. The new X Money service will allow users to send and receive P2P payments, transferring funds from their bank to a digital wallet and then to another wallet, or directly using their debit card. Partnering with Visa, X Money aims to compete wi...
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Elon Musk's X Acquires Currency Transmitter License, Could Introduce Crypto Payments: Report
US’ Rhode Island state has granted Elon Musk the licence to integrate payment services with X (formerly Twitter). This currency transmitter licence is a legal requirement for companies planning to engage in money transfer and receiving businesses.
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Zomato Temporarily Halts New Users on Its UPI Platform to Incorporate Feedback
Food delivery platform Zomato on Thursday said it has temporarily paused the onboarding of new users on the Unified Payments Interface it rolled out in May to incorporate feedback. The company said it will start enrolling new users on the app by the end of the month. In May this year, the Gurugram-based firm launched Unified Payments Interface (UP...
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DeFi Services Being Used for Illicit Transfers, Warns US Treasury Department
North Korea, cybercriminals, ransomware attackers, thieves and scammers are using decentralized finance (DeFi) services to transfer and launder their illicit proceeds, the USÂ Treasury Department warned on Thursday. So-called DeFi platforms allow users to lend, borrow and save, usually in cryptoassets and stablecoins, without using banks.
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Telegram Enables Users to Send, Receive Tether Stablecoin Within Chats: Details
Telegram users will now be able to send and receive payments in the form of Tether (USDT), within the app. Users will be able to select the USDT altcoin within their Telegram chat boxes to instantly transfer money to their peers.
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FTX's Sam Bankman-Fried to Testify Before US House Committee Next Week
FTX's Sam Bankman-Fried is set to testify before a US House committee on Tuesday. The chair of the House of Representatives Committee on Financial Services told that she was prepared to subpoena Bankman-Fried if he did not agree to appear before the panel.
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Transferred Money To A Wrong UPI ID? Here's What You Can Do
The RBI states that in case of unintentional transactions through digital services, the aggrieved person should first file a complaint with the payment system used.
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Cross-Chain Bridges, DEXs Have Been Used to Launder $4 Billion Stolen Crypto: Elliptic
Criminals have laundered at least $4 billion (roughly Rs. 32,558 crore) worth of illegal crypto proceeds using decentralised exchanges, bridges that allow asset transfers across different blockchains, and coin swap services, a new study shows.
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Russia's VTB Launches Transfers In Chinese Yuan Bypassing SWIFT
VTB said on Tuesday it had become the first Russian bank to launch money transfers to China in yuan without using the international messaging system SWIFT that underpins financial transactions globally.
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Aadhaar-Enabled Payment System, What Is It?
Aadhaar Enabled Payment System (AePS) is a bank led model which allows online interoperable financial transactions in accounts
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Cryptocurrency Fraud: Pune Police Files Charge Sheet Against Former IPS, Cyber Expert
In the alleged multi-crore cryptocurrency fraud in Maharashtra, the Pune police have filed a charge sheet against former IPS officer Ravindra Patil and cyber expert Pankaj Ghode. The police arrested Patil and Ghode in March this year.
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MoneyGram Teams With Steller Blockchain to Facilitate Remittance Transactions in USDC Stablecoin
Headquartered in Dallas, US, MoneyGram offers online and in-person domestic and international money transfer with 42 years of industry presence. Its CEO Alex Holmes recently voiced his predictions on the bright future of the crypto sector. The company is now enabling users to send remittance amounts as USD Coin that could be cashed out into fiat cu...
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How to Make UPI Payments Without an Internet Connection: A Step-by-Step Guide
If you are in any area where there is a poor network connection or slow internet speed and you want to make a UPI payment, you can simply dial *99# on your phone and transfer money using UPI without any internet connection.
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All Post Offices To Be Connected To Core Banking System: Finance Minister
All 1.5 lakh post offices in India will be connected to the core banking system that will enable people to access their account online and also transfer money within post office accounts and to other banks, Finance Minister Nirmala Sitharaman announced on Tuesday.
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RBI Okays Fino Payments Bank's International Money Transfer Service
The Reserve Bank of India has given approval for offering international money transfer services to Fino Payments Bank
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X Money Digital Payments Service Unveiled; Platform Partners Visa to Introduce P2P Payments
X Money was introduced by Elon Musk's X platform on Wednesday as a new digital wallet and payments service. The new X Money service will allow users to send and receive P2P payments, transferring funds from their bank to a digital wallet and then to another wallet, or directly using their debit card. Partnering with Visa, X Money aims to compete wi...
-
Elon Musk's X Acquires Currency Transmitter License, Could Introduce Crypto Payments: Report
US’ Rhode Island state has granted Elon Musk the licence to integrate payment services with X (formerly Twitter). This currency transmitter licence is a legal requirement for companies planning to engage in money transfer and receiving businesses.
-
Zomato Temporarily Halts New Users on Its UPI Platform to Incorporate Feedback
Food delivery platform Zomato on Thursday said it has temporarily paused the onboarding of new users on the Unified Payments Interface it rolled out in May to incorporate feedback. The company said it will start enrolling new users on the app by the end of the month. In May this year, the Gurugram-based firm launched Unified Payments Interface (UP...
-
DeFi Services Being Used for Illicit Transfers, Warns US Treasury Department
North Korea, cybercriminals, ransomware attackers, thieves and scammers are using decentralized finance (DeFi) services to transfer and launder their illicit proceeds, the USÂ Treasury Department warned on Thursday. So-called DeFi platforms allow users to lend, borrow and save, usually in cryptoassets and stablecoins, without using banks.
-
Telegram Enables Users to Send, Receive Tether Stablecoin Within Chats: Details
Telegram users will now be able to send and receive payments in the form of Tether (USDT), within the app. Users will be able to select the USDT altcoin within their Telegram chat boxes to instantly transfer money to their peers.
-
FTX's Sam Bankman-Fried to Testify Before US House Committee Next Week
FTX's Sam Bankman-Fried is set to testify before a US House committee on Tuesday. The chair of the House of Representatives Committee on Financial Services told that she was prepared to subpoena Bankman-Fried if he did not agree to appear before the panel.
-
Transferred Money To A Wrong UPI ID? Here's What You Can Do
The RBI states that in case of unintentional transactions through digital services, the aggrieved person should first file a complaint with the payment system used.
-
Cross-Chain Bridges, DEXs Have Been Used to Launder $4 Billion Stolen Crypto: Elliptic
Criminals have laundered at least $4 billion (roughly Rs. 32,558 crore) worth of illegal crypto proceeds using decentralised exchanges, bridges that allow asset transfers across different blockchains, and coin swap services, a new study shows.
-
Russia's VTB Launches Transfers In Chinese Yuan Bypassing SWIFT
VTB said on Tuesday it had become the first Russian bank to launch money transfers to China in yuan without using the international messaging system SWIFT that underpins financial transactions globally.
-
Aadhaar-Enabled Payment System, What Is It?
Aadhaar Enabled Payment System (AePS) is a bank led model which allows online interoperable financial transactions in accounts
-
Cryptocurrency Fraud: Pune Police Files Charge Sheet Against Former IPS, Cyber Expert
In the alleged multi-crore cryptocurrency fraud in Maharashtra, the Pune police have filed a charge sheet against former IPS officer Ravindra Patil and cyber expert Pankaj Ghode. The police arrested Patil and Ghode in March this year.
-
MoneyGram Teams With Steller Blockchain to Facilitate Remittance Transactions in USDC Stablecoin
Headquartered in Dallas, US, MoneyGram offers online and in-person domestic and international money transfer with 42 years of industry presence. Its CEO Alex Holmes recently voiced his predictions on the bright future of the crypto sector. The company is now enabling users to send remittance amounts as USD Coin that could be cashed out into fiat cu...
-
How to Make UPI Payments Without an Internet Connection: A Step-by-Step Guide
If you are in any area where there is a poor network connection or slow internet speed and you want to make a UPI payment, you can simply dial *99# on your phone and transfer money using UPI without any internet connection.
-
All Post Offices To Be Connected To Core Banking System: Finance Minister
All 1.5 lakh post offices in India will be connected to the core banking system that will enable people to access their account online and also transfer money within post office accounts and to other banks, Finance Minister Nirmala Sitharaman announced on Tuesday.
-
RBI Okays Fino Payments Bank's International Money Transfer Service
The Reserve Bank of India has given approval for offering international money transfer services to Fino Payments Bank
