GPI Tracker system: SWIFT broadens payment tracking capabilities

The SWIFT (Society for World Interbank Financial Telecommunication System) platform has expanded its GPI (Global Payment Innovation) Tracker system to help banks track their global transactions at all times and keep full vigil on payments activity. Key Facts From November ..

Month: Current Affairs - March, 2018

Subhash Chandra Garg committee constituted by Union Government to study issues in Fintech space

The Union government has set up a steering committee to consider various issues relating to the development of Fintech space in India with a view to make Fintech related regulations more flexible and generate enhanced entrepreneurship. The move is a ..

Government sets up Subhash Chandra Garg Committee to regulate fintech sector

The Union Government has set up 8 member steering committee look into the development and regulation of the financial technology (fintech) sector in India. It will be headed by Economic Affairs Secretary Subhash Garg. The move follows an announcement by ..

Month: Current Affairs - March, 2018

Pluto Exchange launches India’s first bitcoin trading app

Pluto Exchange will launch the India’s first bitcoin trading app for transacting in virtual currencies. The Pluto Exchange mobile app offers a solution to the coordination problem between payment processors, financial gateways and banks. Pluto Exchange will enable transactions using ..

OBOPAY secures PPI license from Reserve Bank of India (RBI)

OBOPAY, the global mobile payment solutions company, has recently secured a license for Prepaid Payment Instrument (PPI) from the Reserve Bank of India (RBI) to operate a semi-closed loop wallet in India. Using the PPI license, OBOPAY will solve various ..

Mumbai to host Asian Bankers Association summit

The 34th annual conference of the Asian Bankers Association (ABA) will be held in Mumbai, Maharashtra from November 16-17, 2017. The 2017 summit will be hosted by State Bank with theme ‘Asia’s turn to transform’. This year, summit will discuss ..