Money

Citibank became the first bank in India to ban the purchase of cryptocurrency using their debit or credit cards. Globally, Bank of America and JP Morgan Chase are two of the banks that have a similar ban in place. Now HDFC Bank has joined…

ACI Worldwide has released a report which is pretty bullish on the future of Digital India. The findings of the report predict that by 2025, four out of five transactions in India would be digital, and total consolidated digital…

There has been a marked increase in the usage of digital payments that has made payments easier at the touch of a finger. One such app providing these services is Paytm App. It is one of the oldest Indian players in this space and as such,…

As per Knight Frank’s Wealth Report of 2018, rich Indians have been able exponentially increasing their wealth in the last one year, beating the global average of wealth creation. As per the report, the major cause of this astronomical…

Yesterday was one of the darkest days for bitcoin investors, and cryptocurrency enthusiasts, all over the world. Desperate calls for HODL were heard all across, as bitcoin legends asked all to calm down. HODL is a slang in the bitcoins and…

The mobile wallet users of Paytm, MobiKwik, Freecharge, Amazon Pay, PhonePe, OLA Money and others will not be able to use their mobile wallets to transact from now if the KYC is incomplete. As per the new RBI guidelines, the digital wallets…

Digital payment transactions are estimated to be worth Rs 12,568 crore in the country at the moment, and Paytm has been a major contributor. The recent integration of UPI into Paytm Wallet has worked wonders for both UPI and Paytm. Paytm…

In a surprise twist of events, Microsoft founder and leading philanthropist, Bill Gates has revolted against bitcoins and other cryptocurrencies. Meanwhile, leading crypto token marketplaces BTCXIndia and ETHEXIndia have decided to close…

In case any mobile wallet like Paytm user hasn’t completed the KYC or Know Your Customer process, then the money remaining in the wallet shall be left immobilized. This was as per the strict KYC rules formulated by RBI last year.

Punjab National Bank has once again found themselves on the wrong side of the news. After a massive scam of Rs 11,000 crore, hit them last week, they are now facing a data hack, quite serious in nature. It seems everything is going wrong…

Venezuela became the first country in the world to launch their own cryptocurrency, which is called Petro. However, financial experts are terming this as a big scam. Meanwhile, Tesla, known for path-breaking innovations, found themselves at…

In October last year, Reserve Bank of India had issued strict guidelines for digital wallet operators in India and gave them a deadline of year-end to comply with KYC norms for all users. The deadline was later extended until February 28.

The Cabinet Committee on Economic Affairs (CCEA) has taken an important decision regarding the future of Ponzi schemes, Chit Funds, and maybe Cryptocurrencies as well. The powerful committee has approved the Unregulated Deposit Schemes…

Recently, it was revealed that Paytm has started a ‘secret experiment’, without informing the users about it. As a result, several of the users’ money was locked and converted it into gift vouchers. Some users who added money into Paytm…

While a Google Report predicts that Indians will spend $100 billion online by 2020, another report from the Govt. states that 1.5 lakh e-transactions are compromised daily. This clearly means that we need more safety and security,…

The entire banking sector of India was stunned when PNB announced that they have been hit by a banking fraud to the tune of Rs 11,400 crore. Although banks have been facing issues of fraud since long, the magnitude of this PNB fraud was the…

CitiBank has just issued a notice to all their Indian customers, which states that they cannot buy bitcoins or any other cryptocurrency using their debit or credit cards. Meanwhile, a dangerous malware has surfaced, which is hijacking…

WhatsApp, world’s most popular and widely used messenger app with over 200 million daily users in India have rolled out the beta version of their peer to peer payment feature in India and it has the power to change Digital India forever.

WhatsApp had announced its integrated UPI based payments service back in April 2017 and has been working on the digital payments feature since the past year. The Facebook-owned social messaging company has finally made the feature live to…

While demonetisation was subjected to much ridicule and scrutiny, the fact remains that it undoubtedly lead to the growth of digital payments in India. Despite the opposition it faced from many sections of the country, digital payments have…