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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
2 mins read
UPI transaction limit for education and healthcare hiked to ₹5 lakh per day
Reserve Bank of India Governor Shaktikanta Das announced on Friday an increase in the transaction l…
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
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…
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…
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…
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
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…
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
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…
10 mins read
America is trapped in a nightmare of never-ending subscriptions
Companies are using shadowy sign-up tactics and difficult cancelation processes to keep Americans t…
Ayelet Sheffey
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
5 mins read
Basic income lets some parents afford toys and new shoes for their kids. One mother said it was 'life-changing.'
After paying the bills and finding housing, some parents spend basic income on clothes, toys, and a…
Allie Kelly
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
I work at Anthropologie. Here are the 6 mistakes I always see customers make.
An Anthropologie employee thinks customers should practice good dressing-room etiquette and researc…
Demi Kroumpouzos
2 mins read
India’s central bank to establish cloud facility for financial institutions
India’s central bank, the Reserve Bank of India (RBI) is working on a dedicated cloud facility for …
2 mins read
Bitcoin could soar 266% to $250,000 next year if ETF inflows stay strong, Standard Chartered says
Bitcoin could hit $250,000 next year before settling back to a range near $200,000, Standard Charte…
Filip De Mott
2 mins read
In one of the largest deals of 2024, Pocket FM raises $103 mn to strengthen its global push
Audio entertainment platform Pocket FM announced on Wednesday that it has raised $103 million in Se…
3 mins read
All the ways Apple is a monopoly, according to its critics
Is Apple a monopoly? Here are some of the ways the Justice Department says it is.
Lakshmi Varanasi
4 mins read
Some people are being given thousands of dollars with no strings attached in universal basic income trials. They mostly spend the cash wisely.
A common question about universal basic income, or UBI, is how people spend the money, but early tr…