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Permitting non-banks to participate in CPS to boost digital payments: PCI thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Visa complies with RBI's data localisation norms - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
ET Financial Inclusion Summit: United, we can fight the cyber enemy SECTIONS Last Updated: Jul 19, 2021, 09:03 AM IST Share Synopsis “While the digital segment has grown multifold it’s become easier for fraudsters to take advantage of lack of less tech-savvy consumers; for us it’s a fine balance between creating a great user experience versus compliance and authentication,” said Madhivanan Balakrishnan, COO, IDFC FIRST Bank. Getty Images Senior leaders engaged in the cyber security space also felt that it was tough to stay ahead of fraudsters as frauds have become more sophisticated. With a rise in cyber frauds over the past year and a half, collaboration is the way forward to stay a step ahead of fraudsters, top banks and payment operators said at the ET Financial Inclusion Summit. ....
Synopsis India’s leading cryptocurrency exchanges, including WazirX, CoinDCX and CoinSwitch Kuber, have partnered with IAMAI to set up an advisory board to implement a code of conduct for the crypto industry in India. ETtech The attempt is to bring India’s scattered and informal cryptocurrency and blockchain ecosystem under one standard authority. (Illustration: Rahul Awasthi/ETtech) Mumbai: India’s nascent cryptocurrency industry will overhaul and standardise disclosure and compliance mechanisms in a bid to establish itself as a legitimate business in the eyes of legacy financial players. The effort gathered pace after the Reserve Bank of India (RBI) made it clear banks should not apply its April 2018 circular struck down by the Supreme Court in 2020 to penalise customers for dealing in cryptocurrencies. ....
We ll soon meet in your inbox. Please wait. On Tuesday, Nischal Shetty, the chief executive of cryptocurrency exchange Wazirx, took to Twitter to express concern over banks refusing crypto transactions. They were citing a 2018 RBI ban on banks dealing in crypto, which the Supreme Court had struck down in 2020, he said. Day 915Confusion in India’s banking industry is hurting 1.5 CRORE Indians in Crypto.The Honourable Supreme Cour… https://t.co/OUzdWlevzW Nischal (WazirX) ⚡️ (@NischalShetty) 1620102711000 A top executive of another crypto platform, who did not wish to be named, also said banks had told payment gateways to block such transactions despite the top court’s directive. ....