RBI Puts Restrictions on Paytm Bank
The Reserve Bank of India (RBI) has banned Paytm Payments Bank from all forms of banking services, including bank transfers and accepting deposits.
Nina Bobro
Bitpanda Launches Institutional Crypto Platform
Austrian fintech unicorn Bitpanda has launched Bitpanda Wealth – a cryptocurrency trading platform catering to the growing demand for institutional crypto services in the EU.
China to Revise AML Regulations With Crypto Transaction Cases
The revised law on Anti-Money Laundering (AML) practices in China will take into account the prevention of cryptocurrency use for such illegal purposes.
Microsoft Revenues Rise 18%, but Investors Unimpressed With AI Operations Boost
Tech giant Microsoft has announced positive quarterly financial results, but coupled with Alphabet’s earnings data, the numbers left investors unimpressed and wiped off $190B in market value for AI-related companies.
Visa and Transak to Enable Crypto-to-Fiat Withdrawals
Cooperation between the Visa payment network and Web3 infrastructure provider Transak will facilitate crypto-to-fiat withdrawals without centralised exchanges involved.
PayPal Funds Crypto Payment Startup Mesh With PYUSD Stablecoin
PayPal has invested in Mesh, a crypto-friendly embedded finance solution, almost completely funding the investment with PayPal USD (PYUSD) – Ethereum-based stablecoin.
Italy Claims OpenAI Breaks GDPR Laws
The Italian data protection authority (DPA) has concluded that OpenAI and its popular AI chatbot ChatGPT do not comply with the European Union GDPR provisions.
Spot Bitcoin ETF Application Registered in Hong Kong
Following the approval of several spot Bitcoin ETF applications in the U.S., regulators in Hong Kong see the first financial institutions trying to jump on the crypto ETF bandwagon.
Reliance Stock Hits Record High, Market Cap Crosses INR 19,5T
Reliance Industries (RIL) stock, the top contributor to the Nifty 50 index, has surged over 7% in the last day and keeps growing. Hitting a record high, the most valued company in the Indian stock market has reached a market cap of INR 19,5T.
Texas Bans Barclays From Local Municipal Bond Market Over ESG Commitments
Texas legal representatives blocked Barclays from working on local municipal bond deals after the bank didn’t respond to requests about its carbon emission commitments.
FreedomPay Expands to Spain After Redsys Certification
FreedomPay has reached an important milestone of getting integrated certification from Redsys, a Spanish payments processing provider, which enables the company to offer its commerce platform to Spanish merchants.
Razorpay POS Offers Instant Refunds for Failed UPI Transactions
Razorpay POS has unveiled instant UPI transaction refunds that reduce refund processing time from conventional 5-6 business days to about 2 minutes.
NVIDIA & U.S. National Science Foundation Join Efforts for Responsible AI Development
NVIDIA and the National Science Foundation are launching the National Artificial Intelligence Research Resource (NAIRR) pilot to advance responsible AI discovery and innovation.
Mastercard Extends RTP Partnership With The Clearing House
The extended multi-year partnership prolongs Mastercard’s role as the exclusive instant payments software provider for TCH’s RTP network, enabling partners to integrate new instant payment use cases.
Revolut Launches Cross-Border Mobile Wallets
Digital bank Revolut has introduced a new cross-border money transfer service called Mobile Wallets that redefines remittance experiences, requiring only receivers’ contacts for transactions.
BIS to Focus on Cybersecurity, CBDCs and Green Finance in 2024
The Bank for International Settlements (BIS) announced its work program for the year, which includes six new projects exploring the issues of cybersecurity, fighting financial crime, CBDCs and green finance.
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