RBI’s New Guidelines For PayPal: Purpose Code, PAN And Bank Account

by | posted: May 9, 2011
We had reported earlier that PayPal was staying in India despite RBI (Reserve Bank Of India) guidelines. Today we were informed yet another notification released by RBI for all PayPal users in India. These...
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PayPal’s Tweaked Terms Leave Indian Users Unhappy!

by | posted: January 31, 2011
If you are a PayPal user you probably received some unpleasant news from the company late on Friday night. In order to comply with RBI guidelines for processing and settlement of export related receipts...
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“In The Future MCommerce Transaction Limit To Be Decided By Individual Banks” – Ajay Adiseshann – Paymate

by | posted: July 16, 2009
This past week we met Mr. Ajay Adiseshann, Founder Of Paymate – A mobile payments solutions company at Startup Saturday in Mumbai. We had an interesting conversion with him on the recent RBI guidelines...
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Is It The Right Time For E-Wallets In India? Is It The Only Way Ecommerce Can Grow?

by | posted: July 13, 2009
We blogged about how ecommerce is going to be badly hit by the impending RBI guidelines for credit/debit card transactions online from 1st of August onwards. This guideline though a nightmare for ecommerce...
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RBI Doubles Cap On Mobile Banking.. 70% Growth In E-Payments Expected While 30% New Mobile Subs Are Rural

by | posted: October 10, 2008
RBI doubles Cap on mobile transactions So we had blogged recently on the RBI guidelines for mobile payments and also mentioned that it wasn’t the final guidelines but was subject to review. So RBI...
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Banks To Issue Separate M-Pin For M-Commerce – RBI Proposes Mobile Payments Guidelines

by | posted: June 17, 2008
According to the latest guidlines drafted by RBI banks may soon have to issue separate M-Pins for customers who wish to use their mobiles for making payments. With mobile payment players like paymate,...
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