News Muncher - category payment gateways

1 month, 3 weeks ago

Transnational Cybercriminals Using Illegal Payment Gateways: I4C Warns

Indian Cyber Crime Coordination Centre (I4C) has issued a high-level alert against transnational organised cybercriminals using illegal payment gateways for money laundering. The alerts came following nationwide raids by Gujarat and Andhra Pradesh police, which uncovered illicit gateways created using mule bank accounts.

Cybercrime Money Laundering International Criminal Activity Illegal Payment Gateways New Delhi

5 months, 3 weeks ago

Telangana electricity bills cannot be paid directly on UPI apps, online through TG discom websites only: TGSPDL clarifies

The Hindu

In a move that is likely to cause inconvenience in payment of monthly energy bills, the power utilities in Telangana – TGSPDCL and TGNPDCL – has asked all their consumers to make the payments through their official website or mobile app since payment through all payment gateways and banks has been stopped from Monday, July 1. End to use of …

Pay Payment Consumers Upi Payment Gateways Electricity Bill

1 year, 10 months ago

RBI’s nod to payment aggregators signals start of light-touch regulation

Live Mint

It is a measure of the rapid growth of digitization in India over the past few years, accompanied by that of fintechs providing innovative solutions and services, that India’s central bank had to move in with a regulatory framework to bring some of these non-banks under its ambit. Without a formal regulatory structure, India has had many payment aggregators and …

India Regulatory Pay Payment Rbi Aggregators Payment Gateways

2 years, 3 months ago

ED searches PayTM, Easebuzz, Razorpay, Cashfree, freezes Rs 46 crore in Chinese loan app case

India Today

The Enforcement Directorate has frozen Rs 46.67 crore kept in various bank accounts and virtual accounts of payment gateways PayTM, Easebuzz, Razorpay and Cashfree after conducting searches in connection with Chinese loan app case, officials said. “Rs 33.36 crore was found with Easebuzz Private Limited, Rs 8.21 crore with Razorpay Software Private Limited, Rs 1.28 crore with Cashfree Payments India …

Delhi Payments Payment Crore Chinese Limited Spokesperson

2 years, 3 months ago

Loan App case: ED carries out raids in 16 locations in Hyderabad; seizes Rs 46 cr

Deccan Chronicle

HYDERABAD: The Enforcement Directorate has carried out searches against Chinese-controlled lending apps in 16 locations, including Hyderabad, under the Prevention of Money Laundering Act, and seized funds worth Rs 46 crore parked in several payment gateways and banks. ED investigators raided payment gateways in Hyderabad, Bengaluru, Chennai, New Delhi, Pune, Gurugram, and other locations as part of an investigation into …

Hyderabad Private Limited Token Payment Gateways Hpz Ed Payment

3 years, 8 months ago

RBI Extends Deadline for New Guidelines on Auto-Payment of Bills, Subscriptions to Sep 30

News 18

The Reserve Bank of India had recently announced that automatic payment of things like bills and subscriptions will not be allowed starting April 1, directing all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions using cards or Prepaid Payment Instruments or Unified Payments Interface under arrangements/practices not compliant with AFA would not be continued beyond …

Pti Rbi Transactions Upi Payment Gateways Recurring Payments Recurring Transactions

3 years, 8 months ago

Auto-Payment Of Bills, Subscriptions May Face Issues From April 1 Due to RBI Direction

News 18

Come April there will be no automatic recurring payment for various services including recharge and utility bill as RBI has made Additional Factor of Authentication mandatory after March 31. On December 4, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions using cards or Prepaid Payment Instruments or Unified Payments Interface under …

Payment Rbi Banks Customer Transactions Recurring Payment Gateways

3 years, 8 months ago

Online automatic transactions will not fail from April 1, RBI extends deadline by 6 months

India Today

The Reserve Bank of India has now extended the timeline for implementation of new guidelines for automatic payment system by six months. Previous reports had noted that the RBI had refused to grant an extension to banks following which banks started notifying customers about failure in automatic recurring payments from April 1. For transactions above Rs 5000, banks will also …

Payment Card Rbi Banks Customers Payment Methods Transactions

3 years, 8 months ago

Automatic recurring payment to comply with RBI direction from April 1

The Hindu

Come April there will be no automatic recurring payment for various services including recharge and utility bill as RBI has made Additional Factor of Authentication mandatory after March 31. However, banks and payment gateways are seeking additional time to comply with the RBI directive on automatic recurring payment. On December 4, RBI had directed all banks including RRBs, NBFCs, and …

Payment Rbi Banks Customer Transactions Recurring Payment Gateways

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Articles for Payment Gateways

Transnational Cybercriminals Using Illegal Payment Gateways: I4C Warns

Telangana electricity bills cannot be paid directly on UPI apps, online through TG discom websites only: TGSPDL clarifies

RBI’s nod to payment aggregators signals start of light-touch regulation

ED searches PayTM, Easebuzz, Razorpay, Cashfree, freezes Rs 46 crore in Chinese loan app case

Loan App case: ED carries out raids in 16 locations in Hyderabad; seizes Rs 46 cr

RBI Extends Deadline for New Guidelines on Auto-Payment of Bills, Subscriptions to Sep 30

Auto-Payment Of Bills, Subscriptions May Face Issues From April 1 Due to RBI Direction

Online automatic transactions will not fail from April 1, RBI extends deadline by 6 months

Automatic recurring payment to comply with RBI direction from April 1