Tag: Ankit Gera, Digital Payments, Digital Wallet, financial literacy, Fintech, Junio Payments, NPCI, PPIs, Prepaid Payment Instruments, RBI, RuPay, Shankar Nath, UPI, Youth Payments
Junio Payments Receives RBI’s In-Principle Authorisation to Issue Prepaid Payment Instruments
TLDR: Junio Payments has received in-principle authorization from the RBI to issue Prepaid Payment Instruments (PPIs), enabling them to launch a digital wallet linked to...
RBI Maintains Repo Rate at 5.50%, Real Estate Sector Sees Continued Growth
TLDR: RBI maintains repo rate at 5.50%, a decision welcomed by the real estate sector for ensuring continued affordability and boosting consumer confidence, with...
FADA Meeting With RBI Governor A Milestone For FADA
TLDR: FADA held a landmark meeting with the RBI Governor to discuss critical financial and operational challenges faced by auto retailers, receiving assurances that the...
RBI Expected to Announce Another Repo Rate Cut in June MPC Meet, Say Experts
Amid easing inflation and a stable economic outlook, expectations are rising that the Reserve Bank of India (RBI) will announce another repo rate cut at its upcoming...
Compliance-Related Fines by RBI reach INR 30 crores
According to Alea Consulting, an established compliance and risk mitigation consulting firm, Indian financial institutions incurred nearly INR 30 crores in fines due to...
RBI Response to ADSEI Representation is a morale booster for Direct Selling Industry
The Reserve Bank of India (RBI) has clarified that its press release, dated 1st January 2015, was intended to solely caution the public and it did not provide any...
Kotak Mahindra Bank launches ActivMoney to offer FD-like interest on savings account
Kotak Mahindra Bank has launched ActivMoney, a feature that automatically transfers excess funds in the account into a fixed deposit, allowing customers to earn...
Fino Payments Bank receives RBI approval for Cross Border Remittances
Fino Payments Bank has received the RBI approval for commencing the International Remittance business under the Money Transfer Service Scheme (MTSS). The Bank will be...
RBI gets supported by PCI on its latest PIDF scheme
Reserve Bank of India announced the implementation of the long-awaited scheme on the Payments Infrastructure Development Fund (PIDF). The scheme was very much...
InstaReM gets RBI approval to offer outbound remittance services from India
InstaReM, the Singapore-headquartered FinTech start-up offering convenient, fast and cost-effective cross-border money transfers to individuals and businesses, has...
