BANKING & FINANCE
Standard Chartered Completes Swift Remittance To India In 37 Seconds
Standard Chartered has processed an end-to-end international remittance to India in 37 seconds using Swift’s retail payments scheme, marking what the bank described as a world-first transaction under the framework. The payment originated from Westpac in Australia and was routed through Standard Chartered, which enabled near real-time credit to the beneficiary bank in India. Faster […]
CW Bureau
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Jul 3, 2026
BANKING & FINANCE
HiWiPay Gets IFSCA Nod To Set Up Payment Services Arm In GIFT City
Cross-border payments platform HiWi Forex Transaction Services Pvt Ltd (HiWiPay) has received in-principle approval from the International Financial Services Centres Authority (IFSCA) to establish a wholly-owned subsidiary as a payment service provider (PSP) at the GIFT International Financial Services Centre (GIFT IFSC). The approval marks a significant milestone for the fintech company as it seeks […]
CW Bureau
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Jul 1, 2026
BANKING & FINANCE
RBI For Kill Switch, AI-Powered Fraud Detection To Fortify Digital Payments
The Reserve Bank of India (RBI) is exploring the introduction of new safeguards in digital payment systems, including a universal ‘kill switch’ and additional transaction frictions, as part of a broader strategy to combat rising digital payment frauds and enhance customer protection. According to the Reserve Bank of India Annual Report FY26, the central bank […]
CW Bureau
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May 30, 2026
BANKING & FINANCE
RBI Eyes Enhanced Safety In Digital Payments Under Its Vision 2028
India’s banking regulator, the Reserve Bank of India (RBI), is considering measures to enhance safety in digital payments, including enabling customers to switch transactions on or off across digital payment modes through issuer channels. According to Payments Vision 2028, released by the RBI, the central bank also plans to introduce a shared responsibility framework under […]
CW Bureau
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Mar 29, 2026
