MUMBAI: Officials from the GIFT City have reached out to the Reserve Bank of India (RBI) for consultations in setting up a dollar payment system mechanism that aims to bring about greater efficiency in transactions conducted in the US currency, sources aware of the developments told ET. “There are initial discussions about this matter because … Read more
Home News No More Commercial Payments Via Mastercard and Visa, Directs RBI The Reserve Bank of India (RBI) has directed Mastercard and Visa to stop making card-based commercial payments for small and large businesses due to concerns over KYC compliance. Reserve Bank Of India Mumbai: The Reserve Bank Of India (RBI) has directed the Mastercard … Read more
The Reserve Bank of India (RBI) has instructed banks to consider establishing a ‘service availability web page‘ or SEWA dashboard. This dashboard will enable customers to compare various banking facilities offered by different lenders and provide up-to-date information on the availability of digital payment channels and services.According to an ET report, the RBI aims to … Read more