Tag "Reserve Bank of India (RBI)"

Apple Removes Several Offshore Crypto Exchanges From India App Store

Apple Inc. has removed several major offshore crypto exchanges namely Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex from its App Store in India. According to CoinDesk, this action follows closely on the heels of compliance notices

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RBI to Raise UPI Limit and Introduce New Fintech Repository for India

The Reserve Bank of India (RBI) has announced a series of updates, including an increase in the transaction limit for the Unified Payments Interface (UPI), particularly for payments related to medical and educational services. The limit has been proposed to

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RBI Discusses CBDCs for Cross-Border Payments with HKMA, US Fed, and SWIFT

The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA), the US Federal Reserve, and the international payment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-border payments. This

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RBI, BIS Kicks off G20 TechSprint Competition Focused On Cross-Border Payments

The Reserve Bank of India (RBI) and Bank for International Settlements (BIS) has jointly launched the fourth edition of the G20 TechSprint Initiative, a global technology competition to promote innovative solutions aimed at improving cross-border payments, under India’s G20 presidency.

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Indian Central Bank Halts ‘New Umbrella Entity’ Project Intended to Rival UPI

The Reserve Bank of India (RBI) has halted plans for the pan-India New Umbrella Entity (NUE) for retail payment systems that was meant to rival that of the United Payments Interface (UPI). The Indian central bank had opened up bids

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Singapore and India’s Real-Time Payments Linkage Goes Live

The real-time payments linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI) has officially gone live today. This will enable customers of participating financial institutions in Singapore and India to send and receive funds between bank accounts or e-wallets

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