CBSL rolls out Rata Purama LANKAQR to merchants in Galle
February, 22, 2021
The Central Bank of Sri Lanka (CBSL) expanded its pioneering Rata Purama LANKAQR initiative in the Galle District with a promotional campaign organised by HNB PLC with the participation of 21 leading financial institutions and telecommunication partners in the country.
The Galle-leg of the national campaign, hosted by HNB PLC at the Magistrate Square, will be the third phase of the island-wide initiative of ‘Rata Purama LANKAQR’ to introduce LANKAQR as the standard for mobile phone payment apps and digital payments across the island, moving towards a cashless and digitally-savvy society with greater financial inclusion.
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
RBI sets up panel to suggest regulations on digital lending
The 6-member working group has been formed to study digital lending in regulated as well as unregulated financial sector to devise a regulatory framework for the same
BusinessToday.In | January 14, 2021 | Updated 20:08 IST
Reserve Bank of India has formed a working group to suggest ways to efficiently regulate the booming digital lending space. The 6-member working group has been formed to study digital lending in regulated as well as unregulated financial sector to devise a regulatory framework for the same. Digital lending has the potential to make access to financial products and services more fair, efficient and inclusive. While penetration of digital methods in the financial sector is a welcome development, the benefits and certain downside risks are often interwoven in such endeavours. A balanced approach needs to be followed so that the regulatory framework supports innovation while ensuring data security, priv
The working group will study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players so that an appropriate regulatory approach can be put in place.
Updated Jan 13, 2021 | 18:31 IST
The working group will evaluate digital lending activities and assess the penetration and standards of outsourced digital lending activities in RBI regulated entities RBI forms panel on digital lending including lending through online platforms, mobile apps
New Delhi: The Reserve Bank of India (RBI) on Wednesday (January 13) constituted a panel to study digital lending, including lending through online platforms and mobile apps.
In its statement, the RBI said: The Working Group (WG) is being set up to study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players so that an appropriate regulatory approach can be put in place.