Page 19 - Settlement Systems News Today

  The Government of Ghana through the Economic Management Team, the Bank of Ghana, Ghana Interbank Payment and Settlement Systems (GhIPPS), the Ministry of Finance, the Ministry of Communications, the National Communications Authority (NCA), the Telecommunication Companies such as MTN, Vodafone and AirtelTigo, and a licensed Online Marketing Company and Digital Service provider known as KGL Technology Limited have done tremendously well to enhance the digitalization Programme of the Government...

Continuing on an upward trajectory, digital payments in January saw decent growth with Unified Payments Interface (UPI), the flagship payments platform of National Corporation of India (NPCI), touching a new high both in terms of volume and value. As per data released by NPCI for January, UPI recorded 2.3 billion transactions worth Rs 4.3 trillion, up 3 per cent both in volume and value terms respectively. On a year-on-year basis, UPI’s transaction volume jumped 76.5 per cent while transact...

Facts about cryptocurrencies As India plans to introduce a new law to prohibit all private cryptocurrencies in the country, the industry stakeholders have come out in unison, hoping that the government will listen to all the stakeholders before taking any decision. Among the bills lined up for consideration during the Budget Session of Parliament is the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 that will create a facilitative framework for creation of the official di...

The cryptocurrency bill aims to create a framework for the creation of an official digital currency to be issued by the Reserve Bank of India.

Financial operations of Facebook, Google, Amazon regulated Financial operations of Facebook, Google, Amazon regulated FacebookTwitterLinkedin PTI / Updated: Jan 30, 2021, 01:00PM IST FacebookTwitterLinkedin The RBI has informed the Delhi high court that operations of tech fin firms such as Facebook, Google and Amazon in Indias financial sector space are being regulated under the relevant laws and they have been permitted to function only after necessary compliances. A similar stand has been tak...

The RBI has informed the Delhi High Court that operations of techfin firms such as Facebook, Google and Amazon in Indias financial sector space are being regulated under the relevant laws and they have been permitted to function only after necessary compliances. A similar stand has been taken by markets regulator Sebi which said that there are already adequate provisions in place providing mandatory registration for any entity entering into the securities market. The Securities and Exchange ...

Financial operations of FB, Google, Amazon regulated, RBI, Sebi tell HC Top Searches Financial operations of FB, Google, Amazon regulated, RBI, Sebi tell HC PTI / Updated: Jan 29, 2021, 19:05 IST FacebookTwitterLinkedinEMail File image used for representation NEW DELHI: The RBI has informed the Delhi high court that operations of tech fin firms such as Facebook, Google and Amazon in Indias financial sector space are being regulated under the relevant laws and they have been permitted to functio...

Financial operations of Facebook, Google, Amazon regulated: RBI, Sebi tell Delhi High Court RBI said the decision to allow an entity to operate on UPI is solely taken by the NPCI, which has framed the system rules, guidelines, and procedures governing the UPI payment system. 0 claps The Reserve Bank of India has informed the Delhi High Court that operations of tech-fin firms, including Facebook, Google, and Amazon in Indias financial sector space are being regulated under the relevant laws, a...

Cryptocurrency industry hopeful as RBI mulls over digital currency ​ By IANS | Published on ​ Wed, Jan 27 2021 19:21 IST | ​ 0 Views Bitcoin.. Image Source: IANS News New Delhi, Jan 27 : With the Reserve Bank of India (RBI) now saying that it is exploring the need for a digital version of fiat currency, cryptocurrency stakeholders have called to move a step in the right direction towards strengthening the fintech ecosystem in the country. The RBI made the remarks in a booklet titled ...

Reserve Bank of India (RBI) has set up a Working Group to study all aspects of digital lending activities in the regulated financial sector as well as by unregu