by AIP Online Bureau | Jan 3, 2022 | Indian News, Regulation, Technology
The acquirer should incur all liabilities arising out of technical or transaction security issues at the merchant’s end. The RBI emphasised that offline payments will be covered under the provisions of its limited customer liability circulars Mumbai: To push...
by AIP Online Bureau | Dec 30, 2021 | Eco/Invest/Demography, Indian News
”Private cryptocurrencies pose immediate risks to customer protection and anti-money laundering (AML)/combating the financing of terrorism (CFT). They are also prone to frauds and to extreme price volatility, given their highly speculative nature,” RBI...
by AIP Online Bureau | Dec 29, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic, Policy
Admitting that inflation remains a concern as it is by the build-up of cost-push pressures, Das has called for stronger supply-side measures to contain food and energy prices Mumbai: Though the economy has steadily gained momentum and remained resilient since the...
by AIP Online Bureau | Dec 24, 2021 | Eco/Invest/Demography, Indian News, Regulation
Under tokenisation services, a unique alternate code is generated to facilitate transactions through cards The RBI in September prohibited merchants from storing customer card details on their servers with effect from January 1, 2022, and mandated the adoption of CoF...
by AIP Online Bureau | Dec 19, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology, Wealth Management/ Philanthropy
Nearly 15 million Indian retail investors representing 1.8 per cent of the population have invested over $6.6 billion in crypto assets Government is not likely to bring a bill on cryptocurrency in the ongoing winter session of the Parliament Lucknow: RBI discussed...
