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RBI Lifts Ban On American Express, Allows New Customer Onboarding

RBI had imposed the restrictions on American Express in April last year for non-compliance with directions on storage of payment system data

United statesAmerican express banking corpAmerican expressDiners club internationalReserve bankAmerican express bankingPayment system dataPayment system dataPayments vision

No Consideration To Levy Charges On UPI: Finance Ministry

The Finance Ministry said that there is no consideration to levy charges on UPI transactions from the government.

Union finance ministryNational payments corporation of indiaPayment systemsReserve bankPayments visionNational payments corporation

RBI Floats Discussion Paper On Charges For Payment Systems

RBI explains the current structure of charges for payment systems, and has asked for feedback across different categories for levying charges

Sharat chandraResearch strategyServices taxImmediate payment serviceNational electronic funds transferReserve bankPayments visionTransfer payment systemsReal time gross settlementPayment systemsUnified payments interfaceVice presidentWill also come under

UPI Linked RuPay Credit Cards Likely To Have 2% MDR

NPCI and banks have worked out the MDR of transactions for RuPay credit cards linked with UPI, which will most likely be around 2%.

Rajya sabhaDilip asbeParliamentary standing committee on commerceGoldman sachsNational payments corporation of indiaPayments corporationRupay unified payments interfaceBusiness standardReserve bankRegulatory policiesPayments visionParliamentary standing committee

Think tank report explores hidden costs of buy-now-pay-later (BNPL) products

Dvara Research has published a report on the hidden costs of buy now pay later (BNPL) products, a sector once billed as an 'alternative' to credit cards

Tamil naduCredit information companiesOla financial servicesDvara researchReserve bankBuy nowPay laterOla money postpaidAmazon paylaterAmazon pay laterMerchant discount rateInformation companies actKnow your customerPayments vision

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