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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The inclusion of the two largest card networks is expected to benefit all stakeholders, but NPCI, which runs the digital payments system, may have other ideas.
The Reserve Bank of India is formulating a plan to allow credit cards issued by card networks Visa and Mastercard to be linked to the Unified Payments Interface, according to three industry executives aware of the matter. The banking industry is expecting an official announcement from the central bank before the end of the financial year 2022-23, say two of these executives.
Currently debit cards and only select credit cards powered by the National Payments Corporation of India’s RuPay network are allowed to be synced with the popular digital payments system. The move to open up over 70 million active …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
