Reserve Bank of India

India’s central bank has halted its plans for a high-profile project intended to rival the nation’s dominant payment system, Unified Payments Interface. The project had attracted significa

India’s central bank has slapped Amazon Pay’s India unit with a fine of over $373,300 for non-compliance with local guidelines surrounding know your customer and prepaid payment instrument

India will spend nearly $320 million to promote cards on RuPay and for low-value UPI transactions, the latest in a series of moves by New Delhi to fuel the growth of its homegrown payments network. Ne

The Indian central bank’s governor said on Wednesday that it’s not at war with crypto, but warned that private cryptocurrencies will cause the next financial crisis unless its usage is prohibited.

India will undertake the first pilot for retail digital currency on December 1, the central bank said Tuesday, extending the test to evaluate the creation and distribution of the e-rupee in the South

On a clear afternoon, Laxmi (name changed) was sitting in her office in Gujarat, India, when she received a message from her distant relative, saying that they received some of her “morphed&#822

The Reserve Bank of India has published guidelines that it intends to enforce for digital lending firms, recommending more transparency and control to customers as the South Asian nation’s central b

Payments giants and fintech startups in India on Saturday requested the central bank to treat widely used prepaid payment instruments on par with bank accounts for customers who have undertaken certai

For nearly all fintech startups, lending has long been the end game. A notice from India’s central bank this week has thrown a wrench into the ecosystem, scrutinizing just who all can lend. The Rese

The Indian central bank has rejected the application of Chaitanya India Fin Credit seeking permission to become a bank in a major setback to Flipkart billionaire Sachin Bansal, who has been looking to

Coinbase halted trading service in India because of “informal pressure” from the Reserve Bank of India, the crypto exchange’s chief executive said on Tuesday, addressing the notable

A top official of India’s central bank has compared cryptocurrency to a “Ponzi scheme” and suggested an outright ban in its sharpest criticism just weeks after the government propose

Reserve Bank of India has indefinitely barred Mastercard from issuing new debit, credit or prepaid cards to customers in the South Asian market over noncompliance with local data storage rules. The So

Google cancels its big developer conference, Justin Kan’s legal startup shuts down and Robinhood offers more details about a recent outage. Here’s your Daily Crunch for March 4, 2020. 1. G

India’s Supreme Court on Wednesday overturned central bank’s two-year-old ban on cryptocurrency trading in the country in what many said was a “historic” verdict. The Reserve Bank of India ha

Facebook unveiled its audacious Libra cryptocurrency and Calibra digital wallet on Tuesday, through which it plans to transform financial services across the globe. The social juggernaut made clear it

India’s digital landscape is changing faster than we can imagine, and it could mean huge improvements in financial access for many. As we speak, three key factors are converging to create a new, mor

New restrictions on online billing in India may affect international e-commerce businesses, including <a target="_blank" href="https://play.google.com/store?hl=en">Google Play</a>, <a target="_blank"

In a move that could ease paper money's stranglehold over the Indian economy and society, <a target="_blank" href="http://www.mobikwik.com">Mobikwik</a> is releasing a mobile wallet for the country's

<a target="_blank" href="http://flipkart.com">Flipkart</a>, the largest e-commece site in India, has been likened to Amazon both for what it offers and its presence in the market. But it has one cruc