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Amazon Pay Secures Coveted Payment Aggregator License from RBI
Amazon Pay, the financial technology arm of e-commerce giant Amazon, has received a significant boost in its operations by securing a Payment Aggregator (PA) license
IL&FS Seeks Court Intervention to Avoid Wilful Defaulter Classification
The Infrastructure Leasing & Financial Services (IL&FS) Group, once a leading player in the Indian infrastructure financing sector, is facing a new challenge. The company,
Savers Seek Higher Returns: Bank Deposits Lose Ground to Equity Investments
A paradigm shift is underway in the Indian savings landscape, with traditional bank deposits facing stiff competition from higher-yielding equity instruments.** This trend, particularly pronounced
Paytm Soars: Stock Jumps 5% for Second Day, Riding Nodal Account Shift and Hope
Paytm’s tumultuous journey through the regulatory storm seems to be taking a positive turn, at least for the moment. The fintech giant’s stock witnessed a
Payment Banks Under Scrutiny: KYC Lapses and Suspicious Transactions Raise Concerns
The Indian financial landscape is facing a potential storm as regulatory authorities investigate suspected money laundering activities involving numerous payment bank accounts. This development follows
Paytm Clarifies: Payments Bank Doesn’t Do Foreign Remittances Amidst FEMA Probe
Paytm issued a statement on Wednesday, February 14th, clarifying that its subsidiary, Paytm Payments Bank Limited, does not engage in outward foreign remittances. This comes
RBI Governor Das: No Review of Action Against Paytm Payments Bank
RBI Stands Firm on Regulatory Action Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday unequivocally stated that the central bank won’t reconsider its
Mastercard Simplifies Tokenization in India with New Platform
Mastercard launches MDES Token Connect, enabling banks to easily offer card tokenization through internet and mobile banking. Key Features Background Benefits of Mastercard Impact of