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Lok Sabha elections 2024: The RBI has asked PSOs to keep a check on high value and suspicious transactions to prevent the misuse of electronic fund transfer mechanisms to influence voters or indirectly fund poll candidates
Lok Sabha elections 2024: RBI has told payment firms to ensure they keep an eye on high-value transactions in order to ensure a free and fair elections process.
The RBI said: “For face-to-face/proximity payment transactions done using cards, from August 1, 2025, no entity in the card transaction/payment chain, other than the card issuers and/or card networks, shall store the CoF data."
RBI releases framework for geo-tagging of payment system touch points : Rashtra News #RBI #releases #framework #geotagging #payment #system #touch #points Reserve Bank of India (RBI) on Friday released the framework for geo-tagging of payment system touch points to ensure proper monitoring of the availability of payment acceptance infrastructure. Geo-tagging refers to capturing the geographical
State Bank of Pakistan's decision to grant in-principle approval to five digital retail banks, promises a revolution in the banking sector.