Page 35 - Ajinkya Kawale

New UPI feature to allow multiple users to use one account for transactions

RBI has increased the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction

With GFF coming up, focus on bridging gap between regulators, fintechs

The three-day event comes at a time when the fintech sector, spanning areas such as digital payments, lending, insurance, and wealth, continues to expand in the country

CoinDCX announces customer protection fund days after WazirX heist

CoinDCX has instituted the fund by allocating Rs 50 crore from its own cash reserves

Credit transactions on UPI reaching Rs 10K cr every month: NPCI chief

NPCI's "credit line on UPI", launched last year, offers low-ticket, high-volume retail loans to individuals and businesses

WazirX fallout: On crypto bourses table, a reparation fund for clients

Traditional insurance products for crypto difficult ask: Experts

Fintech Infibeam Avenues to acquire controlling stake in Rediff.com

Infibeam plans to combine its digital payment services, platform business offerings, and artificial intelligence solutions with Rediff.com's services

Blacksoil disburses over Rs 220 crore in Q1 FY25, AUM increases 40%

The company added that its portfolio firms collectively raised Rs 541 crore in Q1 FY25

Draft framework: RBI for more options to authenticate digital payments

The first factor of authentication and the AFA would have to be from different categories, the RBI has stated

RBI releases draft rules on AePS to counter frauds on payments system

Banks and the National Payments Corporation of India (NPCI) are required to comply with these directions within three months from the date of issue of the guidelines

WazirX dials FIU-IND, FBI to recover funds lost to $230 million heist

WazirX lost about 45 per cent of its crypto assets to the security breach. People privy to the discussions say North Korea has been mentioned

RBI issues final directions on cybersecurity controls for non-bank PSOs

RBI has given different timelines to these entities, depending on their size, to set up compliance structures

Navi Finserv closes $38 mn personal loan securitisation deal with JP Morgan

The transaction between the two firms, structured in the form of pass-through certificates (PTC), will be backed by a pool of unsecured personal loans. It will be originated and serviced by the NBFC

Paytm sees no impact of reduced UPI incentives on path to profitability

Company announced launch of first NFC card soundbox

CBDC retail pilot customers grow to 5 million till June 2024: RBI report

India is among 36 countries where the CBDC is currently in the pilot stage. RBI started the CBDC pilot during the end of 2022

WazirX unveils recovery plan after $230 mn cyberattack, seeks user vote

WazirX will socialise the loss and distribute its impact across all the users on the platform

RBI imposes a monetary penalty on three payment system operators

The RBI's action on KYC non-compliance comes as the regulator has been cautious about lapses in these procedures

Five entities enter test phase for 5th cohort of RBI's regulatory sandbox

The banking regulator received 22 applications for this cohort of the regulatory sandbox

Paytm shares hit upper circuit on govt nod for investment in payments arm

The stock price surged on the back of reports claiming that the company had received the government nod to invest Rs 50 crore in its associate entity Paytm Payments Services Limited (PPSL)

No evidence of systems being compromised: Cryptocurrency platform WazirX

A 'multisig' or multisignature wallet is a crypto wallet that requires two or more private keys to unlock and withdraw funds

Flight ops at Mumbai airport see temporary disruption due to heavy rains

IndiGo informed passengers about delays while advising them to check their flight status