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India Business News: The Reserve Bank of India (RBI) will hold a meeting with stakeholders, including the National Highways Authority of India (NHAI) and the National Paym ....
Airtel Payments Bank CEO Anubrata Biswas reported a significant increase in online applications for opening bank accounts and obtaining services like FASTag in recent days. While Biswas didn t confirm if this surge was due to users shifting from Paytm Payments Bank post-RBI s action against Paytm, Airtel Payments Bank has experienced a notable rise in digital product applications, approximately 5-7 times higher than January rates. ....
FASTag is an electronic system for collecting tolls on highways which eases the tax payments at toll plazas while also keeping an eye on moving vehicles ....
It appears that RBI has sought to make an example of Paytm, without considering the impact this has on merchants and consumers. Unfortunately, this is not unexpected. RBI has repeatedly failed merchants, consumers and platforms as a payment regulator in several ways. ....
Policy & Industry News: Prime Minister Narendra Modi today addressed the inaugural ceremony of the Bharat Mobility Global Expo 2024, hailing the progress of the Indian auto s ....