In a court filing, Xiaomi India alleges that Enforcement Directorate officials threatened two of its executives and their families with physical violence during questioning.
May 12, 2022The complaint says the delays caused harm to recipients who were waiting for their money that had become "stuck in" or “looped” in MoneyGram's systems.
April 24, 2022Foreign entities seeking to operate as payment gateways and aggregators for e-commerce-related export and import transactions would have to be authorised in India.
April 15, 2022The public is asked to inform the Foreign Exchange Department of CBSL of any person, institution or any other entity that is engaged in unauthorized FX dealings.
March 4, 2022Nepal's UPI is expected to be deployed over the next few months, with all the functionalities and features presently available in India.
February 22, 2022The new mobile app is expected to lower the cost of inward remittances by foreign workers and reduce the use of black market channels.
February 21, 2022Domestic banks will be able to access other Asian currencies via cross-currency repo and other collateralised transactions with Bank Indonesia.
February 18, 2022In phase two, BOK will test offline payments, remittances to accounts outside Korea, and the use of its CBDC as payment for NFTs.
January 27, 2022Initially, real-time remittances from Thailand to India will be enabled via DeeMoney, a Thailand-based money transfer operator and partner of IndusInd Bank.
January 3, 2022The CBSL has raised the amount of foreign currency banks have to sell to the central bank from 10 to 25 percent of inward remittances and export proceeds.
January 3, 2022