Ppi

This move restricts co-branded PPI apps, such as non-bank and non-PPI license holders, from offering UPI services on their platform thus fintechs cannot ride piggyback on others’ PPI license anymore.

Accel-backed neobanking startup Niyo shifts gear, will become a travel tech platform

Niyo’s travel tech platform will essentially cover the entire spectrum around travel, where users can apply for visas and book travel experiences, concierge services, tour packages, travel insurance, and the like.

UPI clocks 19.65 billion transactions at Rs 32.5 trillion in Q3 2022: Worldline’s India Digital Payments Report

Overall, In Q3 2022, UPI, Debit and credit cards, and prepaid payment Instruments like Mobile Wallets, and prepaid cards executed 23.06 billion transactions amounting to Rs 38.32 trillion.

Slice bets on card-linked bank accounts to stay afloat as RBI Nov deadline for digital lending norms nears

In a mail to customers, Slice said that the card will be temporarily suspended in November to transition to the new system

What the Federal Reserve will do today? Follow these numbers

Experts globally are agreed that the Fed will increase interest rates, and the focus is on the magnitude of the hike.

Uni suspends card services after RBI's digital lending norms hint at tighter scrutiny against PPI lending

Uni's move of inactivating its existing cards comes a day after Moneycontrol had reported that its prepaid card partner State Bank of Mauritius India is looking to pause the onboarding of new customers until further clarity emerges on the RBI's views on the model.

RBI, PPI companies in talks; central bank not in favour of innovation based on regulatory arbitrage

The Indian central bank is in discussions with fintech companies following its clarification last week on the loading of pre-paid instruments through credit lines.

China's consumer inflation at eight-year high, but PPI stuck in the red

Beijing is under pressure to unleash more stimulus to boost industrial activity, but high inflation ahead of the Lunar New Year may be a headache for policymakers trying to shore up growth that has slipped to the lowest in nearly 30 years.

RBI to release guidelines to limit customer liability from unauthorised electronic transactions via PPIs

The new guidelines will limit customer liability for unauthorised electronic transactions involving PPIs issued by entities that are not covered by existing guidelines

China's June factory price inflation subdued on modest raw materials recovery

The producer price index (PPI) rose 5.5 percent in June from a year earlier, the National Bureau of Statistics (NBS) said on Monday. This was in line with analyst forecasts and unchanged from the previous month.

RBI eases charges for digital payments

Reserve Bank of India today said banks and issuers of Prepaid Payment Instrument (PPI) will not temporarily levy any charges on customers for transactions upto Rs 1,000 settled on the Immediate Payment Service (IMPS), USSD-based mobile application and Unified Payment Interface (UPI) systems

Barclays posts bumper Q3 pretax profits on bond-trading boom

The British bank's group pretax profits for the three months to the end of September, excluding notable items, was up from 1.4 billion a year ago, above the average forecast of 1.3 billion pounds from analysts polled by the company.

China producer prices fall at slowest in 4 years: Govt

China's producer prices fell at their slowest rate for more than four years in August, the government said today, another sign of stabilisation in the world's second-largest economy.

Temporary suspension in grant of Authorisations for PPI: RBI

In last couple of years, RBI said there has been significant developments in the payments space with emergence of newer technologies, products and players.

Food pushes up China's consumer prices in November

China's Producer Price Index (PPI) dropped 5.9 percent in November on-year, in line with a Reuters poll of economists, the data from the National Bureau of Statistics showed.

China's September CPI up 1.6% on-year, PPI down 5.9%

The PPI, which measures wholesale prices, clocked its 43rd straight month of declines as overcapacity in a number of sectors coupled with a lack of demand kept a lid on prices.

China's key inflation gauge remains at 5-year low

The consumer price index (CPI) rose 1.6 percent from the year-ago period, in line with a Reuters forecast and unchanged from September.

China Sept inflation cools to near 5-year low

The consumer price index (CPI) rose 1.6 percent in September from a year earlier, the National Bureau of Statistics said on Wednesday, missing market expectations for a 1.7 percent rise and down from 2 percent in August.

China market bounce: trend change or false alarm?

The government's twin Purchasing Managers' Index (PMI) reports for the manufacturing and non-manufacturing sectors for July both came in better than expected, raising hopes that the slowing economy may be getting some of its growth mojo back.

Expect precious, base metals, crude to trade lower: Angel

Angel Commodities has come out with its report on international commodities. According to the research firm, in the evening session, precious metals, base metals and crude oil prices are expected to trade lower on the back of weak global markets.

Heat is on: All eyes on big bank earnings

Markets end the week with a peek at the state of the consumer and a pair of earnings reports from banking majors JPMorgan (NYSE: JPM) and Wells Fargo

Jobless claims data brightens US jobs picture

The number of Americans filing new claims for unemployment benefits dropped for a third straight week last week, the latest indication the labor market recovery was gaining traction.

US retail sales hit by Hurricane Sandy

US retail sales posted their first drop since June as the effects of Hurricane Sandy were on display, while wholesale prices retreated in October for the first time in five months as energy and vehicle costs declined.

Precious metals, crude may trade sideways with upward bias

Angel Commodities has come out with its report on international commodities. According to the research firm, in today's evening session precious metals, base metals and crude oil prices are expected to trade sideways with upward bias on the back of upbeat global market sentiments ahead of economic data from the US.