Finance

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23 Feb 2024, 16:42

Reserve Bank asks NPCI to help continue operations of Paytm app

Reserve Bank asks NPCI to help continue operations of Paytm app

Reserve Bank asks NPCI to help continue operations of Paytm app

Reserve Bank of India on Friday said NPCI has been asked to examine the possibility of it becoming a third party application provider for continued UPI operations of the Paytm app. With an aim to ensure seamless digital payments by UPI customers using '@paytm' handle operated by the Paytm Payments Bank, RBI said it has asked the National Payments Corporation of India (NPCI) to examine the request to become a Third-Party Application Provider (TPAP) for UPI channel for continued UPI operation of the Paytm app.

GSTN to share data with RBI's frictionless credit platform
23 Feb 2024, 16:15

GSTN to share data with RBI's frictionless credit platform

The government has permitted GST Network to share data about GST-registered businesses, based on their consent, with the Reserve Bank's 'Public Tech Platform for Frictionless Credit'. The move will help entities get loans faster on the basis of shared Goods and Services Tax (GST)-related information. The platform, created by the Reserve Bank of India (RBI) subsidiary Reserve Bank Innovation Hub, is intended to enable seamless flow of necessary information to lenders to help in disbursing credit.

ADB approves $23 million loan to catalyze fintech development in Gujarat
23 Feb 2024, 15:35

ADB approves $23 million loan to catalyze fintech development in Gujarat

According to ADB, Gujarat International Finance Tec-City (GIFT), a state-owned enterprise, serves as a cornerstone for nurturing fintech ecosystems and financial services within India.