Under the RBI proposal, if an individual customer loses up to Rs 50,000 in a genuine fraudulent electronic transaction, they may receive 85% of the net loss or up to Rs 25,000.

MUMBAI: The RBI has issued amended directions proposing stronger safeguards for customers facing digital fraud by increasing the compensation percentage to 85 b ...

RBI’s draft amendment strengthens customer protection in electronic banking transactions handled by Local Area Banks. It places the burden of proving customer negligence on banks and mandates fraud ...

RBIs draft amendment introduces stronger customer protection rules for electronic banking fraud in rural co-operative banks. Customers may get zero liability or compensation for small-value frauds if ...

The Central Bank of Libya (CBL) discussed increasing e-payments with Libya’s Telecoms Holding Company LPTIC. The discussions came during a ...

Bangladesh Bank Governor Md Mostaqur Rahman has assured that the withdrawal of the central bank-appointed administrator from Nagad will be a seamless process, explicitly ruling out the possibility of ...

What was once a largely cash driven economy has rapidly evolved into one of the world’s most advanced digital payment ecosystems, News.az ...

High-yield savings accounts are still paying up to 5.00% APY following a total of three Fed rate cuts in 2025 -- compare the top rates still available now.

While most employers offer direct deposit for paychecks, it's not helpful for employees without banking options. Learn some ...

CIBC Caribbean will no longer issue or process cheques and bank drafts denominated in Great Britain Pounds as of 31.

Ghana is exploring new solutions with Huawei to strengthen rural telecom coverage. The discussions focus on expanding the Rural Telephony Project launched in 2017. The government aims to connect 90% ...

The practice of transferring money instantly is ubiquitous in today's economy, and Zelle is one of the most popular digital payment services, with many over 2,300 banks and credit unions in the U.S.