RBI restrains commercial card payments by a network

The Reserve Bank of India (RBI), on Thursday issued orders restraining commercial transactions routed through intermediaries by a card network. Photograph: Shailesh Andrade/Reuters The central......

Can RBI's digital currency replace physical cash?

Despite the demonetisation of 2016 and the rise in digital transactions that followed, the economy’s dependence on cash has remained as high as ever. Illustration: Dominic Xavier/Rediff.com......

No plans to levy charges on UPI transactions: Fin Min

The Centre on Sunday said there are no plans to levy charges for making payments through Unified Payments Interface (UPI) while saying the service is a "digital public good with immense......

Wallets, white label card networks can now access RTGS, NEFT systems

Centralised Payment Systems' access will also help lower cost of payments for non-banks and reduce their dependence on banks, says RBI. Illustration: Uttam Ghosh/Rediff.com The Reserve Bank of......