RBI rejects MobiKwik payment aggregator license application

TL;DR Breakdown The Reserve Bank of India (RBI) turns down MobiKwik`s application to run Zaakpay. MobiKwik halts taking in more clients while existing clients have 180 days to fold. RBI`s reason for r...

India’s Crypto Trading Volume Plunges Further as Mobikwik Stops Payment Service – Exchanges Bitcoin News

Cryptocurrency trading volumes in India have plunged further across exchanges as traders mull over the 30% crypto taxation. In addition, popular payment service provider Mobikwik has stopped service t...