India
⚡️ India🇮🇳: fintech platform CRED launches INR Wallet (in digital rupees) in partnership with the Central Bank Paid Members Public
⚡️ India🇮🇳: fintech platform CRED launches INR Wallet (in digital rupees) in partnership with the Central Bank This is a beta version that allows CRED users to make payments to bank accounts linked to the unified payments interface UPI. It's important to note that, to date, the RBI'
⚡️ India🇮🇳: fintech platform CRED launches INR Wallet (in digital rupees) in partnership with the Central Bank Paid Members Public
⚡️ India🇮🇳: fintech platform CRED launches INR Wallet (in digital rupees) in partnership with the Central Bank This beta version allows CRED users to make payments to bank accounts linked to the Unified Payments Interface UPI. It’s important to note that, so far, the Reserve Bank of India's
💳 India 🇮🇳 to Accept "Mir" Cards Paid Members Public
💳 India 🇮🇳 to Accept "Mir" Cards The Indian payment system RuPay is set to begin operations in Russia 🇷🇺. ▶️ A significant step for Russia's payment system internationalization: Unlike countries like Iran 🇮🇷 and Cuba 🇨🇺, which remain relatively financially isolated, India stands as a major player in the global economy
⚠️India 🇮🇳: Reintroduction of UPI Market Share Limits Postponed by 2 Years Paid Members Public
⚠️India 🇮🇳: Reintroduction of UPI Market Share Limits Postponed by 2 Years The initial limit, introduced in November 2020, mandates that payment platforms cannot process more than 30% of total UPI transaction volumes. (UPI, or Unified Payments Interface, is a cornerstone of India's financial ecosystem). ➡️ The regulator has decided
🐘 India 🇮🇳: The Central Bank (RBI) Expands Instant Cross-Border Payments Platform Paid Members Public
🐘 India 🇮🇳: The Central Bank (RBI) Expands Instant Cross-Border Payments Platform New integrations across Asia and the Middle East will prioritize using CBDCs (Central Bank Digital Currencies) as the primary payment mechanism. This marks a shift, as CBDCs in India have so far been limited to bank-to-bank solutions, with no focus
🐘 The Reserve Bank of India (RBI) 🇮🇳 makes changes to KYC rules Paid Members Public
🐘 The Reserve Bank of India (RBI) 🇮🇳 makes changes to KYC rules The new changes are expected to make it easier and faster for customers to open accounts by simply updating their personal information. Additionally, financial institutions will gain more efficient and secure access to this data. ➡️ No longer necessary for
💸 Binance and the Police Paid Members Public
💸 Binance and the Police Binance provided analytical support to the police in India 🇮🇳, aiding in the dismantling of a fraudulent organization known as "M/s Goldcoat Solar". Binance is also a regular collaborator with authorities in Hong Kong 🇭🇰 and Macau🇲🇴 for similar investigations. ➡️ The operation led to the
🐘 India 🇮🇳: Cashfree Payments + UPI = increased conversion with the UPI Switch system Paid Members Public
🐘 India 🇮🇳: Cashfree Payments + UPI = increased conversion with the UPI Switch system The solution facilitates integration between major banking systems and the Unified Payments Interface (UPI) infrastructure, ensuring reliable and efficient transaction processing. ➡️ UPI Switch is already certified by the National Payments Corporation of India (NPCI). ➡️ It supports several UPI payment