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Reserve Bank of India (RBI) News & Updates
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minuteman
I Eat Internet
Great, I can now finally pay from credit cards via upi to upi freeloader merchants who doesn't allow POS machines even though they have one.
Bharat QR code is not upi based? It allows to pay using cards for QR code.
Bharat QR was developed jointly with UPI (NPCI), Rupay, VISA, MC, Amex. UPI is one of the ways in which you can send money via Bharat QR. But in the new proposal, CC payments will be accepted through UPI itself. UPI is actually IMPS under the hood.
minuteman
I Eat Internet
Non-banks can't load credit lines into prepaid payment instruments: RBI tells fintechs
The move may impact credit products of fintech players who extend credit through prepaid payment instruments such as prepaid cards and wallets.
www.moneycontrol.com
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India on course to become world's fastest-growing economy, says RBI
India's economy has remained resilient in the face of global headwinds and with inflation coming off its recent peak is expected to stay on course to become the world's fastest-growing economy, the Reserve Bank of India said on Saturday.
www.reuters.com
RBI Invites Inputs for Cap on Credit Card Fees
The Reserve Bank of India (RBI), in a discussion paper on charges in the payments system, has flagged capping credit card fees as one of the issues to be considered.
RBI governor: Need system to redress plaints tied to digital payments - Times of India
India Business News: RBI governor Shaktikanta Dashas slammed the lack of an effective grievance redress mechanism for customers among many payment system operators, underl
m.timesofindia.com
Proactive ✌️
RBI Slaps Penalties on Standard Chartered Bank-India, Other Entities - News18
A monetary penalty of Rs 30 lakh has been imposed on Standard Chartered Bank-India for non-compliance with certain provisions of the ’Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’
www.news18.com
Visa, Matercard or Rupay? RBI wants card users to decide, not banks
Banking customers will soon have the option to decide their card network
sure.
Nirmala jee sent specific orders if I remember asking banks to prioritise rupay. Why would they listen to RBI?
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