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2 mins read
RBI proposes alternative methods for authentication of digital payments, in addition to SMS-based OTP system
The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechan…
ANI
4 mins read
This tiny country says it will give $500 to every adult as an Exxon oil boom supercharges its economy
Guyana, the world's fastest-growing economy after a huge Exxon discovery, is tapping its oil wealth…
Theron Mohamed
4 mins read
RBI announces digital payments intelligence platform to check online frauds
In a bid to bolster the safety and security of digital payments and enhance regulatory frameworks, …
ANI
1 min read
Google Play introduces UPI Autopay payment to simplify recurring payments for subscription-based purchases in India
Introduced under UPI 2.0 by NPCI, UPI Autopay helps customers make recurring payments using any …
2 mins read
From increased premium payments to getting seven midnight calls, users vent on social media against RBI’s new auto-debit rules
A user complains that he will have to re-authenticate all the recurring payments. Another…
4 mins read
New guidelines on recurring payments may send SaaS companies out of India, say experts
Before getting into this, it is important to understand what the guidelines really say. The Rese…
3 mins read
Digital rights advocacy group IFF notices 70% drop in donors as banks unable to keep up with RBI’s recurring payments regulation
Apar Gupta, executive director of IFF, told Business Insider, “A lot of our sign-ups were throug…
2 mins read
Fino Payments Bank has its eyes set on becoming a small finance bank
ino Payments Bank is keen to become a small finance bank after having completed five years of opera…
PTI
4 mins read
From Netflix and Hotstar to Airtel to Jio bills, brace for surprises as RBI’s guidelines on auto-debit transactions kick in from October 1
Starting October, users will need to re-authenticate their net banking/card/unified payments in…
3 mins read
Leading private banks won't support auto-debit payments from April 1 because they need more time to comply with RBI's new mandate
Your automatic recurring payments may not go through starting today. This is because banks aren’t r…
3 mins read
Making online payments safer – Here’s how to tokenise your card
Many of us would have seen Amitabh Bacchan on television telling us that by tokenising our cards we…
2 mins read
Indian banks get a six-month breather to comply with RBI's new framework for auto-debit payments
The Reserve Bank of India (RBI) has extended the deadline for banks in India to comply with its new…
2 mins read
If you’re paying electricity, water, LPG bills via auto-debit, RBI’s new norms affect you
Reserve Bank of India’s (RBI) new norms for auto-debit transactions will come into effect from toda…
2 mins read
RazorPay acquires digital invoicing and customer engagement platform BillMe to empower businesses and customers
Razorpay, a payments and banking platform for businesses, has acquired BillMe, a Mumbai-based start…
3 mins read
Paytm's growth potential: The tech innovator's journey of disruption and success
When it comes to mobile payments, one name stands out as a true pioneer– Paytm. The fintech giant i…
2 mins read
10 Senate Democrats tell Biden to implement recurring stimulus checks after $1.9 trillion bill is passed
A group of senators thinks direct payments should be sent out regularly as the US economy gets back…
Tom Porter
1 min read
Caitlyn Jenner is using a campaign fundraising trick from Trump's playbook that commits donors to recurring payments
Former President Donald Trump used a tactic in which recurring donation boxes were pre-checked at t…
Sarah Al-Arshani
3 mins read
'An essential tool:' 156 top economists call for recurring stimulus checks until the economy recovers from the coronavirus pandemic
Top economists are urging policymakers to implement ongoing direct-cash payments to boost the econo…
Joseph Zeballos-Roig
2 mins read
Trump's recurring donation tactics led to $12.8m in refunds in 2021, but his PAC is still using pre-checked boxes to steer supporters into unwitting payments
Trump and the GOP refunded millions to donors in the first half of the year after using the controv…
Joshua Zitser
2 mins read
'One more check is not enough': 54 progressive Democrats urge Biden to add recurring direct payments to COVID-19 relief package
In a letter on Thursday, the group said Biden's proposal of a one-time direct payment worth $1,400 …