Industry Shocked As India Doubles Down On Data Localisation Rules
The Reserve Bank of India has brushed aside pleas from global payments giants and pushed …
India: Reserve Bank Launches Online Complaint Management System
On June 24, 2019, the governor of the Reserve Bank of India (RBI) announced the …
Regulatory News Updates – June 21, 2019
Indian Government Agrees To Revisit Data Localisation Rules
Indian officials have agreed to reconsider controversial rules that payments-related data can only be stored …
India: Reserve Bank Publishes Instructions on Financial Inclusion
On June 10, 2019, the Reserve Bank of India (RBI) published instructions (RBI/2018-19/206 DBR.LEG.BC.No.47/09.07.005/2018-19) introducing …
India: Payments Council Welcomes Recommendations Made by High-Level Committee on Deepening Digital Payments
On June 4, 2019, the Payments Council of India (PCI) announced that it supported the …
India: Reserve Bank Publishes Report on Benchmarking Payment Systems
On June 4, 2019, the Reserve Bank of India (RBI) published a report on the …
India Throws Non-Banks A Digital KYC Lifeline
India has confirmed that non-banks will be able to use the national identity database Aadhaar …