In the last few years, cases of scams through mobile have increased rapidly. In such cases, criminals threaten their victims and pressure them to transfer money. Generally, these criminals run their networks from abroad to avoid detection by law enforcement agencies. The Department of Telecom (DoT) has issued a ban on social media platform Post…
The crypto market is on a rise since Donald Trump’s victory in the US presidential election earlier this month. The price of Bitcoin, the largest cryptocurrency in terms of market value, is trading near one lakh dollars. Institutional investors are also betting in this segment. Enterprise software company MicroStrategy has purchased approximately 55,000 Bitcoins worth…
Billionaire Mukesh Ambani’s Reliance Industries has asked the telecom regulator to reconsider its plans regarding satellite spectrum. The Telecom Regulatory Authority of India (TRAI) has planned to allocate satellite spectrum rather than auction it. Last month, Telecom Minister Jyotiraditya Scindia had said that the central government will allocate this spectrum as per global trends. However,…
Major telecom companies of the country have warned that from November 1, customers may face major disruptions in receiving transaction alerts and service updates. The Telecom Regulatory Authority of India (TRAI) introduced new rules in August. Under these rules, it will be necessary to trace the source of all messages. Its purpose was to increase…
Messaging platform WhatsApp has banned more than 71 lakh accounts in India in November last year. WhatsApp, which is controlled by social media company Meta, said that it has banned more than 19 lakh accounts ‘proactively’, which means that these accounts were blocked even before any report of policy violation was received from any user….
Payments services provider Paytm has terminated some agreements with its payments bank unit. Reserve Bank of India (RBI) has ordered the closure of this unit of Paytm. This decision was taken due to apprehensions regarding compliance. After this order of RBI, there was a huge fall in the shares of Paytm. According to Reuters report,…
The Financial Intelligence Unit (FIU) has imposed a penalty of more than Rs 5 crore on the banking unit of payment services company Paytm, which is facing difficulties. The reason for this is the violations in reporting illegal amounts sent through Paytm Payments Bank accounts. The FIU under the Finance Ministry has registered a case…
Payment services company Jio Payments plans to enter the merchant payments solutions segment. This payment gateway and solution unit of Reliance Jio, one of the big telecom companies, has prepared to launch Soundbox for merchants. It will be similar to devices from Paytm, PhonePe and BharatPe. Jio Payments has started its trial. According to a…
Paytm, which is associated with payment services, has planned to lay off about 20 percent of the workers in its banking unit. The Reserve Bank of India (RBI) has ordered Paytm Payments Bank to cease operations from March 15. For this reason it has been decided to make layoffs from this unit. This layoff will…
Binance, one of the major crypto exchanges, has received a notice of payment of Goods and Services Tax (GST) of Rs 772 crore in India. This notice to this international crypto exchange has been issued by the zonal unit of Directorate General of GST Intelligence (DGGI), Ahmedabad in Gujarat. However, no official statement has been…