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Payments
Revolut Secures Prepaid Card Authorization in India, Plans 2025 App Launch
2024-09-17T13:44:59.973+02:00
The fintech firm secured RBI authorization this year for prepaid cards and wallets.
The company is increasing its global workforce by 40% to support its expansion.
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Payments
RBI Greenlights Hitachi Payment Services for Online Payment Aggregation
2024-06-27T10:31:53.794+02:00
A new chapter in India's digital payment revolution.
This authorization allows the company to offer an expanded suite of payment options.
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Payments
Rupee Revolution? India's UPI Eyes International Expansion
2024-06-07T18:00:00.000+02:00
The RBI and NIPL are collaborating to establish UPI in 20 countries by 2028-2029.
India's UPI aims to reshape the global payments game.
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Payments
Unlimit Jumps into Indian Payments Arena, Clinches RBI Approval
2024-04-25T02:01:00.000+02:00
By 2024, digital commerce in India is projected to dominate, with transactions reaching US$211.30 billion.
The firm's entry into the Indian market has followed its recent expansion in Africa.
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Payments
How UPI's Disruption Paves the Way for India's Digital Payment Dominance
2024-04-12T18:00:00.000+02:00
Is the great wallet war upon us?
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Regulation
Indian Central Bank Chief Raises Alarm on Cryptocurrencies
2021-02-24T15:06:49.000+02:00
The regulator shared its 'major concerns' about cryptocurrencies with the government.
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News
Digital Currencies are Not ‘Currencies,’ Argues Indian Crypto Lawyer
2020-01-17T12:15:03.000+02:00
He raised questions on the scope of the central bank to regulate crypto.
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News
Indian Central Bank Shelves Plan to Launch Cryptocurrency
2019-01-03T10:44:28.000+02:00
The bank did not have a dedicated unit to study crypto and blockchain.
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News
Indian Central Bank Banned Crypto Without Doing Any Research, Reveals RTI
2018-06-13T10:57:12.000+02:00
The bank does not even have a team to study the economic implications of digital coins.
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News
Analysis: Crypto Backlash in India - Can the Industry Survive?
2018-04-10T20:23:18.000+02:00
The central bank’s decision followed a massive distress selling by the investors of the country.
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News
Reserve Bank of India Bars Banks from Cryptocurrency Transactions
2018-04-05T19:08:51.000+02:00
All regulated entities must cut ties with any businesses dealing in cryptocurrencies within three months.
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News
Bitcoin is Not Legal Tender, Clarifies Indian Finance Minister
2018-01-02T13:49:28.000+02:00
The government is waiting for the recommendation of a panel to make a final decision on cryptocurrency.
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News
Indian Police Busy Busting Bitcoin Brigands
2017-12-27T14:43:58.000+02:00
Police in Uttar Pradesh target a gang that was pretending to sell Bitcoin.
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News
Indian Central Bank Will Not Allow Bitcoin as Legal Tender
2017-11-08T15:13:36.000+02:00
Though the authorities are against the digital currencies, the potential of DLT is to be widely studied.
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News
RBI Forms Working Group to Review Fintech and Digital Banking
2016-07-15T17:50:32.000+02:00
The panel will frame appropriate regulatory responses to enhance fintech opportunities and manage risks.
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Aziz Abdel-Qader
News
RBI Hints of Regulatory Sandbox at India Fintech Day as KPMG Report Emerges
2016-06-08T15:27:32.000+02:00
RBI talks of plans during the India Fintech Day event as a new report emerged.
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Payments
RBI Approves Prospective Integration of China UnionPay within India’s RuPay
2015-05-21T09:56:43.000+02:00
China UnionPay is on its way to getting integrated with the RuPay network, allowing transactions with the card in India.
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Regulation
One-Size-Fits-All in India as New Regulatory Measures Take Shape - Sharing KYC Data
2014-08-12T20:56:28.000+02:00
Indian retail investors are to benefit from a new shared data solution among participants in the finance and banking sector. Regulators have approved new measures that allow firms to access a centralised KYC database
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Exchanges
NCDEX Joins Gold Rush with New Futures Contract
2014-01-13T16:35:28.000+02:00
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Exchanges
Bitcoin Exchange In India Halts Trading, Following Advisory from Central Bank
2013-12-27T16:40:40.000+02:00
The largest Bitcoin trading exchange in India, BuySellBitCo.in, has just suspended its operations following a Reserve Bank of India’s (RBI) public advisory on the trading risks and potential misuse of digital currencies.
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Exchanges
FX Volumes at Bombay Stock Exchange Surpass $1 Billion Since Launch
2013-12-23T23:56:45.000+02:00
India's fourth currency derivatives trading venue has reported strong metrics since inception. Mumbai based Bombay Stock Exchange has seen trading activity spike with volumes passing INR10,000 crore or $1.6 billion.
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Exchanges
BSE Brings Back the Freebie in Onshore Rupee Derivatives
2013-12-05T16:53:11.000+02:00
The Bombay Stock Exchange has launched currency futures as it aims to compete with growing interest in the onshore FX markets. Along with a new platform the BSE offers commission free trading.
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Indian Godfather of Derivatives Trading Packs Up - Jignesh Shah Resigns
2013-10-10T09:55:36.000+02:00
In a flurry of bad news hitting India's NSEL, spot exchange, the lead architect behind the venture has decided to quit. Jignesh Shah, the founder of Financial Technologies has resigned from the MCX-SX.
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Analysis
Rupee Weakness Boosts Trading Activity of The Indian Currency
2013-08-22T02:27:02.000+02:00
Trading volumes in the Indian rupee have been bolstered as activity picks up on the back of weakness against the greenback. The weak rupee meant brokers saw increased trading and money transfers.
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Regulation
Indian Commodity Exchange NSEL Suspends Trading after Government Investigation
2013-08-01T20:33:49.000+02:00
India’s largest spot exchange, the National Spot Exchange, halts trading after the exchange comes under government investigation for short selling, as a result shares in Financial Technologies slump 64%.
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