RBI notifies 2026 rules for FEMA-authorised persons
→FEMA-authorised FX providers must replace old AP procedures with 2026 rules
Fintech & Payments
23 briefs
National Highways Authority of India launches multi-lane free flow tolling at Chorayasi Toll Plaza
→FASTag account holders crossing the Chorayasi MLFF toll point must clear any E-Notice within 72 hours to avoid a 2x user-fee charge and FASTag blacklisting that restricts VAHAN-linked vehicle services
US Senate amends ethics rules to ban prediction-market trading
→US senators, Senate officers, and Senate employees are now bound to a Senate ethics-rule prohibition on prediction-market betting
NPCI raises UPI Global Acceptance limit to ₹2 lakh
→UPI issuers, PSP banks and apps must reset Global Acceptance limits by 31 May
RBI cancels Paytm Payments Bank licence and orders winding up
→Paytm Payments Bank must cease all banking operations from April 24
RBI bars non-regulated staff from handling pledged gold
→Fintechs must route gold custody and disbursal through licensed NBFC or bank entities
India’s MeitY mandates transaction blocks on banned online gaming platforms
→Payment teams at banks must block transactions to authority‑banned gaming platforms
RBI applies e-mandate rules to cross-border recurring payments
→Banks must enforce transaction caps and pre-debit notifications
US court blocks Arizona criminal case against Kalshi
→State cannot pursue criminal enforcement against CFTC-regulated markets
RBI mandates faster processing of cross-border inward payments
→Banks must ensure prompt crediting and data transmission
RBI orders faster credit for inbound cross-border payments
→Bank ops teams must reconcile nostro credits at least hourly within six months
UK FCA bars Bazar Money Transfer from payment services
→Firm cannot process regulated remittance transactions