India
🐘 India 🇮🇳: Revolut receives approval from the Central Bank (RBI) to launch payment interfaces and digital wallets Paid Members Public
🐘 India 🇮🇳: Revolut receives approval from the Central Bank (RBI) to launch payment interfaces and digital wallets A year ago, the British-Lithuanian fintech giant obtained preliminary approval, which has now been confirmed as final. ➡️ Previously: The PPI (Prepaid Payment Instrument) license allowed it to operate as a Category II authorized forex
🎉 India🇮🇳: Axis Bank partners with JP Morgan🇺🇸 to launch 24/7 cross-border blockchain payments Paid Members Public
🎉 India🇮🇳: Axis Bank partners with JP Morgan🇺🇸 to launch 24/7 cross-border blockchain payments Private bank Axis becomes the first financial institution in India to offer commercial clients programmable USD settlement almost in real time. 🔣 This innovative solution is powered by Kinexys Digital Payments (formerly known as JPM Coin), JP
🐘 India 🇮🇳: Regulator considers the return of debit fees Paid Members Public
🐘 India 🇮🇳: Regulator considers the return of debit fees Three years ago, commercial fees for transactions with UPI (Unified Payments Interface) and RuPay debit cards were eliminated to encourage digital payments. However, UPI now dominates the market and banks and payment providers have lost a key source of revenue. ➡️ Until 2022,
🐘 India🇮🇳: Coinbase🇺🇸 secures FIU registration Paid Members Public
🐘 India🇮🇳: Coinbase🇺🇸 secures FIU registration Coinbase has received approval from India’s Financial Intelligence Unit (FIU-IND), allowing it to expand its operations in the country. The exchange is expected to launch its first retail services in India later this year, followed by new investments and products. ➡️ Context: India has emerged
☠️ In India🇮🇳, at the request of the U.S.🇺🇸, Alexey Beshchekov, one of the administrators of the cryptocurrency exchange Garantex🇷🇺, was arrested Paid Members Public
☠️ In India🇮🇳, at the request of the U.S.🇺🇸, Alexey Beshchekov, one of the administrators of the cryptocurrency exchange Garantex🇷🇺, was arrested The arrest occurred following a request from the United States. ➡️ The charges against Beshchekov, who appears to be a Lithuanian🇱🇹 citizen, include money laundering, sanctions violations, and illegal
🐘 India🇮🇳: Google Pay Launches AI-Powered Voice Payments 📢 Paid Members Public
🐘 India🇮🇳: Google Pay Launches AI-Powered Voice Payments 📢 The project was developed in collaboration with the government for the UPI payment interface. 🔣 The new technology enables low-literacy users in India to access digital payments more easily. Reports show that 25% of teenagers aged 14 to 18 struggle to fluently read a
😱 Coinbase’s🇺🇸 Adventures in India🇮🇳: A Comeback in Sight? Paid Members Public
😱 Coinbase’s🇺🇸 Adventures in India🇮🇳: A Comeback in Sight? The exchange is negotiating its re-entry with the Financial Intelligence Unit (FIU), potentially opening a new chapter in its history in the country. ➡️ A failed attempt: In 2022, Coinbase integrated the Indian UPI payment system, but just three days later, the
🐘 India🇮🇳: The Central Bank enhances the security of cross-border payments with cards, introducing an additional authentication factor (AFA) Paid Members Public
🐘 India🇮🇳: The Central Bank enhances the security of cross-border payments with cards, introducing an additional authentication factor (AFA) The Reserve Bank of India has implemented new security measures for international card payments due to the rise in fraudulent cases. ➡️ Requirements: 🔹 International digital transactions with cards issued in India must meet