reserve bank of india

PayPal Moves Delhi High Court Against Order Holding It as ‘Payment System Operator’ Under Money Laundering Law

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[ad_1] American online payment gateway PayPal on Wednesday moved the Delhi High Court against an order which ruled that it was a “payment system operator” under the Prevention of Money Laundering Act (PMLA) and has to thus comply with “reporting obligations” under it. Senior counsel appearing for PayPal argued before a bench headed by Chief … Read more

Reserve Bank of India Calls on More Lenders to Take Part in Pilot for Retail Digital Rupee: Report

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[ad_1] The Reserve Bank of India (RBI) has called on a wider set of lenders to take part in pilot programmes using the central bank digital currency (CBDC) as it tries to increase transactions, three bankers told Reuters on Wednesday. Nearly two dozen central banks across emerging and advanced economies are expected to have digital … Read more