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Some 55 years ago, innovation trends in the banking sector and the use of money fueled general speculations about the future of money. In a comment on the raging speculations at the time, Jack Lefler in the July 24, 1968 edition of the Las Cruces Sun-News (Las Cruces, NM) noted…
Every month, the number of UPI transactions continue to surpass those of the previous month. According to the NPCI, for the month of May 2023, the total number of monthly UPI transactions reached a record 9.4 billion
For breaking its new
Per the RBI norms, financial services companies like Visa, Mastercard, American Express and Diners Club have been required to store Indian payment data locally since October 2018.
The RBI had imposed curbs on American Express Banking Corp for not following its new ruled on "Storage of Payment System Data" in May last year.