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Apple Pay launched in India via Axis Bank as Hong Kong virtual banks turned profitable and Singapore's crypto economy surged 55% in H1 2026.
Apple Pay was launched in India after significant regulatory developments by the Reserve Bank of India. This new payment option allows users to pay securely without needing an OTP, which can facilitate fraud. The RBI has shifted towards regulating outcomes rather than prescribing specific technologies for digital…
The RBI has officially removed Paytm Payments Bank from its list of scheduled banks after cancelling its banking license due to non-compliance and regulatory issues.