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
Credit Card Spending Growth Tapers To 7.1% In April Post Fiscal-End Surge
India’s credit card spending growth moderated in April 2026 following elevated spending activity during the March fiscal year-end period, even as digital payments and e-commerce transactions continued to support overall consumption trends. According to a CareEdge Ratings report, aggregate credit card spending rose 7.1% year-on-year to ₹1.98 lakh crore in April 2026. However, spending moderated […]
CW Bureau
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May 29, 2026
BANKING & FINANCE
Compliance Matters: The Inside Story Of Paytm Bank Licence Cancellation
In one of the toughest regulatory actions in India’s fintech space, the Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Ltd (PPBL) with effect from April 24, 2026, citing persistent non-compliance and serious governance concerns. The move effectively shuts down the payments bank and sets in motion a winding-up […]
CW Bureau
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Apr 26, 2026
BANKING & FINANCE
RBI’s Unified E-Mandate Framework Bets On Stronger Customer Control
To streamline recurring digital payments, the Reserve Bank of India has consolidated all existing circulars and issued the Digital Payments – E-mandate Framework, 2026. The directions, issued under the Payment and Settlement Systems (PSS) Act, 2007, come into effect immediately. Wide applicability across payment modesThe framework will apply to all payment system providers and participants […]
CW Bureau
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Apr 21, 2026
BANKING & FINANCE
BHIM Ropes In MS Dhoni To Power Next Phase Of Payments Growth
NPCI BHIM Services Ltd (NBSL) has announced the appointment of former Indian cricket captain Mahendra Singh Dhoni as the brand ambassador for the BHIM payments App. The move aligns with BHIM’s evolving strategy to strengthen user trust while accelerating adoption across urban and rural India. BHIM is entering a new growth phase focused on scale, […]
CW Bureau
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Mar 19, 2026
BANKING & FINANCE
Jio Payments Bank Introduces UPI-Based Cash Withdrawal Service
Jio Payments Bank Ltd (JPBL), a wholly-owned subsidiary of Jio Financial Services Ltd, has introduced a UPI-based cash withdrawal facility, enabling customers to access cash seamlessly through its business correspondent (BC) network. Bridging Digital Payments And Cash Access The newly launched feature allows users, particularly in rural and semi-urban areas, to withdraw cash by simply […]
CW Bureau
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Mar 17, 2026
