Reserve Bank Of India

The Dark Side Of India’s New eCommerce Rules
The Dark Side Of India’s New eCommerce Rules
January 28, 2019  |  Regulation

Barring any reprieve, Feb. 1 marks a sea change for India’s eCommerce sector. New rules may hobble giants like Amazon and Flipkart from offering discounts or...

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SWIFT Logs Gains In Average Daily Message Volume
SWIFT Logs Gains In Average Daily Message Volume
January 24, 2019  |  B2B Payments

News from SWIFT on Wednesday (Jan. 23) showed continued traction in the financial messaging service’s annual and daily average traffic volumes. Per an announcement, SWIFT said that...

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In India, Banks Shy Away From Crypto Use
In India, Banks Shy Away From Crypto Use
January 11, 2019  |  Cryptocurrency

The crypto landscape in India, at least when it comes to banking, may be a bit less indecisive. Turns out the private sector seems to...

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India’s RBI Wants Its Governor To Lead Payments Regulator
India’s RBI Wants Its Governor To Lead Payments Regulator
October 19, 2018  |  International

Following the proposal of a payments regulator to be established independent of the Reserve Bank of India (RBI), the central bank has put forward a...

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Flywire Streamlines Indian Cross-Border Tuition Payments
Flywire Streamlines Indian Cross-Border Tuition Payments
October 16, 2018  |  Partnerships / Acquisitions

Flywire, a company that solves payment problems for businesses and institutions, announced Tuesday (Oct. 16) that it has launched a simpler way for students in India...

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WhatsApp Caves To India Payments Data Demands
WhatsApp Caves To India Payments Data Demands
October 09, 2018  |  Regulation

WhatsApp, Facebook’s messaging app that is trying to make inroads in the digital payments market in India, has created a system to store payment data...

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RBI Questions Bank Chiefs On SWIFT ‘Gaps’
RBI Questions Bank Chiefs On SWIFT ‘Gaps’
September 06, 2018  |  B2B Payments

The Reserve Bank of India (RBI) has reportedly sent letters to several heads of top banks in the country questioning why they have yet to...

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Bitcoin Daily: Rakuten Plans To Acquire Crypto Exchange, Asia Sees Surge In Blockchain Job Postings
Bitcoin Daily: Rakuten Plans To Acquire Crypto Exchange, Asia Sees Surge In Blockchain Job Postings
September 03, 2018  |  Bitcoin

Japanese eCommerce company Rakuten is planning to acquire the cryptocurrency exchange service called everybody’s bitcoin Inc., according to an announcement. The deal could happen through a...

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Visa Offers payWave In India; PayPoint Teams Up With Anywhere Sim
Visa Offers payWave In India; PayPoint Teams Up With Anywhere Sim
July 18, 2018  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Visa’s offering of payWave in India as the country...

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