Money

The panel which is right now investigating bitcoins and other cryptocurrencies are against a total ban on the digital currencies and favour regulation.

Directly targeting RuPay, Visa has slashed the maximum charges in the sub-Rs 2000 bracket of debit card transactions, which indicates their aggressive stand

After dominating QR Code mode of payments it has emerged that Paytm now plans to roll out a massive quantity of PoS machines, all over India.

ATM Fraudsters are using ATM Skimming, an illegal way to copy ATM card details in order to scam users. This is a criminal and punishable offence.

Basically, RBI has altered the Liberalised Remittance Scheme rules, which allowed money transfer up to $25,000 without any PAN Card requirement.

Police have unearthed a Rs 500 crore cryptocurrency scam in Mumbai, where investors were promised 10-20X returns and were promised Swiss citizenship.

In a very strange move, Income Tax Dept. last month had issued a notification wherein every bank was ordered to pay GST on free banking services rendered to bank customers who are maintaining minimum bank balance. As per latest updates…

Barely 24 hours of that news, fresh insights are coming in from Govt. sources regarding WhatsApp payments; and going by the looks of it, not everything seems smooth. WhatsApp Payments is again under Govt. scanner, and it seems that WhatsApp…

BHIM’s latest 1.5 version on Android and iOS now allows bill payments for all users. As per the changelog observed, there are several categories within BHIM app, using which any user can pay bills via UPI platform.

One of the most important features of WhatsApp Payments is that it is UPI-enabled. As of now, WhatsApp is going to partner with HDFC Bank, ICICI Bank and Axis Bank for processing transactions. SBI is also expected to join the growing number…

Govt. is considering levying 18% GST on trade and usage of cryptocurrencies in India. And this taxation of cryptocurrencies means that instead of a banned activity trading and mining of cryptocurrencies would be legal and official.

RBI’s latest data is stating that as many as 2000 ATMs shut down all across India by banks, between May 2017 and February 2018. There is an interesting twist here: While on-site ATMs have been reduced, off-site ATMs have increased, albeit…

Instagram payments is the new feature where you can register a debit or credit card on your profile, set up a security pin and save the card for future use. You can directly buy things from the app without having to leave the app for a…

In a Right to Information reply, RBI has revealed some dark secrets of banking frauds, and the sheer volume will shock you. As per the reply shared by RBI, collectively Rs 1 lakh crore worth of banking frauds have happened in India, in the…

In his latest salvo, the 87-year-old ‘Oracle of Omaha’ has said that putting money into bitcoins is not investing. He has said that Bitcoins are gambling. Has Warren become too old to understand the dynamics of blockchain movement and the…

Paytm has introduced the concept of offline payments in collaboration with Yeldi.com, which is digital payment company, focussing on NFC or Near Field Communication. Paytm Tap Card is the foundation, based on which this new Internet-less…

In lieu of non-maintenance charges, banks provide basic banking services such as ATM withdrawals, chequebooks, etc. In a surprise move, Directorate General of Goods and Services Tax Intelligence (DGGST) has contacted all leading banks and…

RBI had instructed that after March 1st, mobile wallets users who have not completed their KYC process cannot add more money into their wallets; although they can use the existing money. This has resulted in a massive drop in transactions,…

Acting on a petition, Delhi High Court has issued a notice to RBI over Bitcoins and has asked them to clarify their decision to ban bitcoins and cryptocurrencies in banks. As per reports, leading enforcement agencies in India want a…

There is a severe cash crunch which is affecting almost entire India. Panic has already set in, as people are queuing up outside ATMs! In a noble gesture, State Bank of India has allowed cash withdrawals from PoS i.e. their Point of Sale…