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RBI Launches Mobile App Offering Financial Statistics Related To Economy
Reserve Bank on Tuesday launched mobile application 'RBIDATA' which will provide access to more than 11,000 different series of economic data related to the Indian economy.
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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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RBI Stops Bank Of Baroda From Onboarding New Customer On Its Mobile App
The Reserve Bank of India on Tuesday barred state-owned Bank of Baroda from onboarding fresh customers on its mobile application 'bob World' with immediate effect, citing material supervisory concerns.
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RuPay Credit Card UPI Usage: No Charge for Transactions Up to Rs. 2,000, NPCI Says
RuPay credit card Unified Payments Interface (UPI) transactions under Rs. 2,000 will not be charged, as per RBI directions. According to a circular from the National Payments Corporation of India, nil Merchant Discount Rate (MDR) would apply for this category up to the transaction amount less than and equal to Rs 2,000. The NPCI's decision is aimed...
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UPI Lite Launched for Offline Transactions Alongside UPI on RuPay Credit Cards, BBPS Cross-Border Payments
The Reserve Bank of India (RBI) launched UPI Lite for feature phones on Tuesday, allowing Indian users to enable offline transactions for a small amount limit. The on-device wallet was launched by RBI Governor Shaktikanta Das alongside the unveiling of UPI on RuPay credit cards enabling of Bharat Bill Pay System (BBPS) for cross-border bill payment...
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Paytm Payments Bank Says RBI Curbs to be Lifted in 3 to 5 Months
Paytm payments bank, which facilitates transactions on mobile commerce platform Paytm, says the central bank will allow it to resume taking on new customers in the next few months.
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RBI Extends Deadline for Recurring Online Transactions Rule by 6 Months Until September 30
The Reserve Bank of India (RBI) on Wednesday extended the deadline for implementing the new framework for processing recurring online transactions until September 30. It was believed to disrupt auto-payments of mobile, utility, and other bills and subscription charges of over-the-top (OTT) platforms.
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From April 1, Expect Disruptions to These Types of Card Payments: 10 Facts
Auto-payments of your mobile and utility bills as well as subscription charges to any of your favourite over-the-top (OTT) platforms may get disrupted starting Thursday, April 1. This could come as a result of a new rule set by the Reserve Bank of India (RBI) that was planned back in August 2019.
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Reserve Bank of India Forms Group to Evaluate Digital Lending
The Reserve Bank of India formed a working group to look at digital lending in the country, including lending through online platforms and mobile applications, it said in a statement.
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Multi-Crore Loan Apps Scam Caught In Hyderabad, Gurgaon; RBI Warning Out
Hyderabad Police have frozen 75 bank accounts holding Rs 423 crore in connection with a multi-crore money lending and microfinance scam - that charged victims up to 35 per cent interest - conducted via 30 mobile apps that were not approved by the RBI
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RBI Cautions Borrowers Against Use Of Unauthorised Apps Offering Quick Loans
The central bank said that users should never share copies of KYC documents with unidentified persons or unverified mobile applications, and report such apps to law enforcement agencies
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RBI Warns Against Unauthorised Digital Lending Platforms, Mobile Apps
RBI on Wednesday cautioned individuals and small businesses against falling prey to growing number of unauthorised digital lending platforms
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Love of Cash Hinders India's Move to Digital Economy
India's dependency on cash may slow the country's transition to digital payments despite large numbers of internet and mobile phone users.
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KYC Update: Paytm, PhonePe, Amazon Pay Have Until February 2020 to Update KYC
The deadline for mobile wallets to become full KYC compliant was earlier set to end on August 31.
-
RBI Launches Mobile App Offering Financial Statistics Related To Economy
Reserve Bank on Tuesday launched mobile application 'RBIDATA' which will provide access to more than 11,000 different series of economic data related to the Indian economy.
-
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.
-
RBI Stops Bank Of Baroda From Onboarding New Customer On Its Mobile App
The Reserve Bank of India on Tuesday barred state-owned Bank of Baroda from onboarding fresh customers on its mobile application 'bob World' with immediate effect, citing material supervisory concerns.
-
RuPay Credit Card UPI Usage: No Charge for Transactions Up to Rs. 2,000, NPCI Says
RuPay credit card Unified Payments Interface (UPI) transactions under Rs. 2,000 will not be charged, as per RBI directions. According to a circular from the National Payments Corporation of India, nil Merchant Discount Rate (MDR) would apply for this category up to the transaction amount less than and equal to Rs 2,000. The NPCI's decision is aimed...
-
UPI Lite Launched for Offline Transactions Alongside UPI on RuPay Credit Cards, BBPS Cross-Border Payments
The Reserve Bank of India (RBI) launched UPI Lite for feature phones on Tuesday, allowing Indian users to enable offline transactions for a small amount limit. The on-device wallet was launched by RBI Governor Shaktikanta Das alongside the unveiling of UPI on RuPay credit cards enabling of Bharat Bill Pay System (BBPS) for cross-border bill payment...
-
Paytm Payments Bank Says RBI Curbs to be Lifted in 3 to 5 Months
Paytm payments bank, which facilitates transactions on mobile commerce platform Paytm, says the central bank will allow it to resume taking on new customers in the next few months.
-
RBI Extends Deadline for Recurring Online Transactions Rule by 6 Months Until September 30
The Reserve Bank of India (RBI) on Wednesday extended the deadline for implementing the new framework for processing recurring online transactions until September 30. It was believed to disrupt auto-payments of mobile, utility, and other bills and subscription charges of over-the-top (OTT) platforms.
-
From April 1, Expect Disruptions to These Types of Card Payments: 10 Facts
Auto-payments of your mobile and utility bills as well as subscription charges to any of your favourite over-the-top (OTT) platforms may get disrupted starting Thursday, April 1. This could come as a result of a new rule set by the Reserve Bank of India (RBI) that was planned back in August 2019.
-
Reserve Bank of India Forms Group to Evaluate Digital Lending
The Reserve Bank of India formed a working group to look at digital lending in the country, including lending through online platforms and mobile applications, it said in a statement.
-
Multi-Crore Loan Apps Scam Caught In Hyderabad, Gurgaon; RBI Warning Out
Hyderabad Police have frozen 75 bank accounts holding Rs 423 crore in connection with a multi-crore money lending and microfinance scam - that charged victims up to 35 per cent interest - conducted via 30 mobile apps that were not approved by the RBI
-
RBI Cautions Borrowers Against Use Of Unauthorised Apps Offering Quick Loans
The central bank said that users should never share copies of KYC documents with unidentified persons or unverified mobile applications, and report such apps to law enforcement agencies
-
RBI Warns Against Unauthorised Digital Lending Platforms, Mobile Apps
RBI on Wednesday cautioned individuals and small businesses against falling prey to growing number of unauthorised digital lending platforms
-
Love of Cash Hinders India's Move to Digital Economy
India's dependency on cash may slow the country's transition to digital payments despite large numbers of internet and mobile phone users.
-
KYC Update: Paytm, PhonePe, Amazon Pay Have Until February 2020 to Update KYC
The deadline for mobile wallets to become full KYC compliant was earlier set to end on August 31.
