Reserve Bank of India - News, Articles & Research

India to add AI-powered conversational payments to UPI

The Reserve Bank of India has set out plans for a host of new fintech developments, including AI-powered "conversational" payments on the country's UPI system and a public digital platform for the provision of frictionless credit.

11 August 2023

Company announcement/payments

RBI and BIS open applications for cross-border payments TechSprint

The RBI and the BIS today jointly launched the fourth edition of the G20 TechSprint Initiative, a global technology competition to promote innovative solutions aimed at improving cross-border payments, under India's G20 presidency.

10 May 2023

Company announcement/crypto

Central banks of UAE and Indian to collaborate on interoperable CBDCs

Abu Dhabi: The Central Bank of the United Arab Emirates (CBUAE) and the Reserve Bank of India (RBI) signed today a Memorandum of Understanding (MoU) in Abu Dhabi, United Arab Emirates to enhance cooperation and jointly enable innovation in financial products and services.

15 March 2023

News/regulation

RBI fines Amazon Pay over KYC non-compliance

India's central bank has fined Amazon Pay around $375,000 for non-compliance with pre-paid payment instruments and KYC rules.

03 March 2023

Company announcement/payments

Singapore and India link real-time payment systems

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) today launched the linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI). This will enable customers of participating financial institutions in Singapore and India to send and receive funds between bank accounts or e-wallets across the two countries in real-time.

21 February 2023

News/inclusion

India begins digital rupee pilot

The Reserve Bank of India has begun a wholesale digital rupee pilot, with a retail trial set to follow within weeks.

01 November 2022

News/crypto

India preps digital rupee pilot

The Reserve Bank of India is preparing to launch a limited pilot testing a digital rupee for specific use cases.

10 October 2022

News/regulation

India lifts ban on AmEx issuing new cards

The Reserve Bank of India has lifted a ban on American Express onboarding new card customers in the country after assessing that the US firm is now complying with data storage rules.

24 August 2022

News/regulation

India's RBI tightens rules for digital lenders

India's central bank has introduced new guidelines for digital lending firms designed to improve transparency and data protection.

11 August 2022

News/regulation

India proposes tougher IT outsourcing rules for banks

India's central bank, the Reserve Bank of India (RBI), is set to introduce new rules for IT outsourcing within the financial services sector.

27 June 2022

News/regulation

India lifts ban on Mastercard issuing new cards

The Reserve Bank of India has lifted a ban on Mastercard onboarding new card customers in the country.

16 June 2022

News/regulation

RBI bans Paytm Payments Bank from onboarding new customers; orders IT audit

The Reserve Bank of India has ordered Paytm Payments Bank to stop onboarding new customers and to appoint an IT audit firm, citing "supervisory concerns".

11 March 2022