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Paytm Gets Approval from NPCI to Enroll New UPI Users
Paytm has said that it has received approval from the country's payments authority to onboard new unified payment interface (UPI) users. The NPCI's approval comes after Paytm submitted a request earlier in August this year.
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CRED, PhonePe Can't Be Used For Credit Card Payments? Decoding Latest Rule Change
RBI's new guidelines from July 1 require all credit card bill payments via third-party apps to use BBPS, affecting users of major banks like HDFC and ICICI.
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RBI, NIPL Working to Expand UPI to 20 Countries by 2028-29: RBI Annual Report
RBI (Reserve Bank of India) and NPCI International Payments Ltd (NIPL) are working on expanding UPI to 20 countries by 2028 or 2029, according to RBI's annual report. The central bank is in talks with central banks of various countries for entering into collaborative arrangements according to the Payments Vision Document 2025.
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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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Bank of Baroda Says RBI Lifted Ban From Adding Customers To Mobile App
India's Bank of Baroda said on Wednesday the central bank has lifted restrictions on onboarding customers through its mobile application.
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Reserve Bank of India Launches New Website, Mobile Application
The new website and mobile application of the Reserve Bank of India (RBI) was released on Friday by Governor Shaktikanta Das.
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Paytm Gets Third-Party UPI App License From NPCI as Payments Bank Ceases Operations
Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a third-party application provider license by the country's payments authority, which will enable it to facilitate payments after its banking unit ceases operations.
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Paytm Terminates Some Ties With Troubled Payments Bank Unit
Payments firm Paytm on Friday cut some ties with its payments bank unit, which India's banking regulator has ordered to be wound down, in its latest attempt to address compliance concerns that triggered a meltdown in its shares last month.
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RBI Moves to Ensure UPI Transactions on Paytm Continue to Work After Strictures on Paytm Payments Bank
The Reserve Bank of India (RBI) has requested the National Payments Corporation of India (NPCI) to examine a request from Paytm to become a third-party application provider, in order to allow UPI payments on Paytm to continue working after the central bank's wind down date for Paytm Payments Bank.
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"Today. Tomorrow. Always": Paytm Founder's Post Amid RBI Clampdown
Amid growing concern over Paytm operations, its founder assured users that the digital payment app will keep working "today, tomorrow, always." In a post on X, Vijay Shekhar Sharma shared a full-page newspaper advertisement.
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RBI Not Planning Harsher Rules to Curb Fintech Sector After Paytm Strictures, Official Says
The Reserve Bank of India does not plan to impose drastic measures on India's fintech sector after the recent action against Paytm Payments Bank, according to P Vasudevan, an executive director in charge of enforcement at the central bank. Paytm has been in the crosshairs of the regulator for some time, with multiple warnings over the past two year...
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Charges Against Paytm Payments Bank To Be Probed By Enforcement Directorate
The Enforcement Directorate has launched a money laundering probe against digital payments Paytm Payments Bank Ltd, sources told NDTV Wednesday afternoon.
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Paytm Crisis: Non-Bank Lenders Said to Explore Options for Loan Disbursal
Amid the ongoing Paytm crisis, Indian non-bank lenders are looking at options other than the beleaguered firm for loan disbursal. These lenders are said to be worried about the regulatory crisis engulfing Paytm that has led to a temporary halt of lending services.
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EPFO to Halt Claims Made via Paytm Payments Bank Following RBI Restrictions
The Employees' Provident Fund Organisation (EPFO) has issued an order asking officers to refrain from accepting claims linked with accounts in Paytm Payments Bank. The move comes after the RBI recently directed Paytm Payments Bank to stop accepting new deposits in its accounts or digital wallets from March.
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Paytm CEO Vijay Shekhar Sharma Said to Be in Talks With RBI Over Regulatory Concerns
Paytm Chief Executive Vijay Shekhar Sharma met the Indian central bank on Monday to discuss plans to address regulatory concerns, two sources with direct knowledge of the talks said on Tuesday, days after the regulator imposed curbs on its banking affiliate.
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Paytm Gets Approval from NPCI to Enroll New UPI Users
Paytm has said that it has received approval from the country's payments authority to onboard new unified payment interface (UPI) users. The NPCI's approval comes after Paytm submitted a request earlier in August this year.
-
CRED, PhonePe Can't Be Used For Credit Card Payments? Decoding Latest Rule Change
RBI's new guidelines from July 1 require all credit card bill payments via third-party apps to use BBPS, affecting users of major banks like HDFC and ICICI.
-
RBI, NIPL Working to Expand UPI to 20 Countries by 2028-29: RBI Annual Report
RBI (Reserve Bank of India) and NPCI International Payments Ltd (NIPL) are working on expanding UPI to 20 countries by 2028 or 2029, according to RBI's annual report. The central bank is in talks with central banks of various countries for entering into collaborative arrangements according to the Payments Vision Document 2025.
-
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...
-
Bank of Baroda Says RBI Lifted Ban From Adding Customers To Mobile App
India's Bank of Baroda said on Wednesday the central bank has lifted restrictions on onboarding customers through its mobile application.
-
Reserve Bank of India Launches New Website, Mobile Application
The new website and mobile application of the Reserve Bank of India (RBI) was released on Friday by Governor Shaktikanta Das.
-
Paytm Gets Third-Party UPI App License From NPCI as Payments Bank Ceases Operations
Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a third-party application provider license by the country's payments authority, which will enable it to facilitate payments after its banking unit ceases operations.
-
Paytm Terminates Some Ties With Troubled Payments Bank Unit
Payments firm Paytm on Friday cut some ties with its payments bank unit, which India's banking regulator has ordered to be wound down, in its latest attempt to address compliance concerns that triggered a meltdown in its shares last month.
-
RBI Moves to Ensure UPI Transactions on Paytm Continue to Work After Strictures on Paytm Payments Bank
The Reserve Bank of India (RBI) has requested the National Payments Corporation of India (NPCI) to examine a request from Paytm to become a third-party application provider, in order to allow UPI payments on Paytm to continue working after the central bank's wind down date for Paytm Payments Bank.
-
"Today. Tomorrow. Always": Paytm Founder's Post Amid RBI Clampdown
Amid growing concern over Paytm operations, its founder assured users that the digital payment app will keep working "today, tomorrow, always." In a post on X, Vijay Shekhar Sharma shared a full-page newspaper advertisement.
-
RBI Not Planning Harsher Rules to Curb Fintech Sector After Paytm Strictures, Official Says
The Reserve Bank of India does not plan to impose drastic measures on India's fintech sector after the recent action against Paytm Payments Bank, according to P Vasudevan, an executive director in charge of enforcement at the central bank. Paytm has been in the crosshairs of the regulator for some time, with multiple warnings over the past two year...
-
Charges Against Paytm Payments Bank To Be Probed By Enforcement Directorate
The Enforcement Directorate has launched a money laundering probe against digital payments Paytm Payments Bank Ltd, sources told NDTV Wednesday afternoon.
-
Paytm Crisis: Non-Bank Lenders Said to Explore Options for Loan Disbursal
Amid the ongoing Paytm crisis, Indian non-bank lenders are looking at options other than the beleaguered firm for loan disbursal. These lenders are said to be worried about the regulatory crisis engulfing Paytm that has led to a temporary halt of lending services.
-
EPFO to Halt Claims Made via Paytm Payments Bank Following RBI Restrictions
The Employees' Provident Fund Organisation (EPFO) has issued an order asking officers to refrain from accepting claims linked with accounts in Paytm Payments Bank. The move comes after the RBI recently directed Paytm Payments Bank to stop accepting new deposits in its accounts or digital wallets from March.
-
Paytm CEO Vijay Shekhar Sharma Said to Be in Talks With RBI Over Regulatory Concerns
Paytm Chief Executive Vijay Shekhar Sharma met the Indian central bank on Monday to discuss plans to address regulatory concerns, two sources with direct knowledge of the talks said on Tuesday, days after the regulator imposed curbs on its banking affiliate.
