Tag: RBI
MasterCard Warns India’s Data Storage Law Could Impact Online Payments, Security
From October 16, the Reserve Bank of India has mandated all companies facilitating financial transactions to store user data in India. As a result,...
Google to Abide by India’s Data Storage Terms For Google Pay, But Seeks More...
Google has agreed to abide by the RBI's recent mandate on storing payments-related financial data of Indian users within the territorial boundaries of India,...
Cryptocurrency Companies Find Ways To Dodge RBI’s Directive
Cryptocurrencies are in a murky legal state in India, especially after the RBI circular which barred banking entities from allowing business transactions for virtual currencies.
The...
RTI Reveals RBI Did No Research To Back Cryptocurrency Ban
The Reserve Bank of India (RBI) recently instructed the country's banks to cease offering its services for cryptocurrency-related transactions to individuals, as well as...
You Can Soon Transfer Money Between Different Digital Wallets
Digital wallets like Paytm, PhonePe have majorly eased our pain with carrying cash everywhere we go, besides offering attractive cashbacks. But if you've ever...
Delhi High Court Issues Notice To End RBI’s Cryptocurrency Ban
While cryptocurrency may still be illegal tender in India, the Delhi Delhi High Court is now looking to put an end to the Reserve Bank...
RBI Considering Central Digital Currency; Bars Cryptocurrency Trade by Regulated Entities
The status of cryptocurrencies in India has not been particularly clear, especially when it comes to gaining acceptance by the Reserve Bank of India...
Idea Cellular’s Aditya Birla Idea Payments Bank is Now Operational in India
One way in which the recent wave of digitization has helped Indians is to transform the way they transact and save money. As a...
