Payment firms articles
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RBI digital payments: Track fishy transactions, RBI tells payment firms
The Reserve Bank of India has directed all regulated payment companies to track high-value or suspicious transactions during the course of general elections, according to multiple senior executives in the know.In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms to influence voters or indirectly fund poll candidates.ET has seen a copy of the letter.“The regulator wants payment companies to track...
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RBI’s missive to online payment firms; CEO shuffle at startups
Happy Monday! The country’s central bank has asked payment companies to flag high-value suspicious transactions amid the ongoing general elections. This and more in today’s ETtech Morning Dispatch.Also in the letter:■ Zomato hikes platform fee■ IT cos see employee wage cost rise■ Dhruva Space raises Rs 78 crore Track fishy transactions, RBI tells payment firms amid ongoing elections 109485600The Reserve Bank of India (RBI) has asked payment system operators (PSOs) to step up their checks on...
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Thunes acquires Tilia payments firm from Second Life owner Linden Research
Thunes announced it has a definite agreement to acquire Tilia from Second Life owner Linden Research for an undisclosed price.