A mule account is a real bank account used to move illegal money. It may belong to an ordinary person lured by a promise of easy commission.

Western Union has launched the USDPT stablecoin on Solana as part of its expansion into blockchain-based settlement and remittance infrastructure. The stablecoin is initially rolling out in Bolivia and the Philippines, with broader expansion planned for 2026.

Axis Bank's workforce declined by 3,000 in FY26 due to tech investments boosting productivity.

Through RuPay credit cards on UPI, users are no longer restricted to their bank balance as well. This changes spending power at the point of sale.

CBSE Class 10 results 2026 will highlight the APAAR ID system for easier access to academic records.

The American Bankers Association has criticised a White House report on stablecoin yields, arguing it overlooks key risks to bank deposits. The debate highlights concerns around financial stability as the stablecoin market grows. Policymakers are being urged to evaluate the long-term implications of yield-bearing digital assets on traditional banking.

Bob World Lite app, a new digital banking platform, has been launched in India by Bank of Baroda in partnership with Jio, the two entities announced on Monday. The new "Lite" version of the mobile app provides UPI-enabled “Scan & Pay”, transfer money, pay and manage bills, pay for prepaid recharge packs, and manage profiles functionalities. The app is specifically...

Mumbai, April 9 (IANS) The Reserve Bank of India on Thursday released a discussion paper that sets out four options for introducing extra layers of safeguards in digital transactions, which include a lagged credit for authorised push payments above R

Delhi Police arrested Mohammad Javed and 'bound down' Khan Chacha director Mohammad Salim for allegedly allowing cyber thugs to use the bank account as a mule account.

Argentine banks are piloting JPMorgan’s JPM Coin to improve interbank settlements and explore blockchain-based financial infrastructure. The initiative focuses on reducing costs and improving transaction speeds while testing distributed ledger technology. The move reflects growing institutional interest in digital assets and could pave the way for wider blockchain a...

Axis Bank has introduced a feature that allows customers to update their registered mobile number using Aadhaar-based face authentication on its mobile app. The process is fully digital and includes entering a new number, completing face authentication through the AadhaarFaceRD app, and verifying via OTP. The feature uses a live image matched with Aadhaar records for ...

Under the new framework, two-factor authentication (2FA) will become mandatory for all digital transactions, fundamentally changing how users pay via UPI, cards, and mobile wallets.

The police also recovered a large cache of digital devices, fake SIM cards, banking instruments and forged documents used in the crime.

Assembly Elections 2026: According to the Election Commission, the most important requirement is that your name must be listed in the electoral roll.

HSBC and Standard Chartered could become among the first banks to receive stablecoin issuer licences in Hong Kong under the city’s new regulatory framework. Reports suggest regulators may grant initial approvals soon as authorities move forward with plans to expand the city’s regulated digital asset ecosystem.

With the PAN-Aadhaar linking deadline passed and more services moving online, experts say citizens should review their digital IDs in 2026 to avoid problems with taxes, banking and government services.

Thai crypto operators have frozen more than 10,000 accounts suspected of involvement in money laundering and scam-related transactions. The move follows tighter screening measures introduced by regulators and industry groups. Authorities say enhanced monitoring, stronger Know Your Customer procedures, and data sharing between exchanges, banks, and law enforcement help...

The Reserve Bank of India on Friday released draft guidelines for a compensation scheme aimed at protecting customers from digital fraud, offering coverage for up to 85% of the lost amount or a maximum of 25,000 rupees ($271.98).

Bank Holidays In March 2026: Many banks will be closed on various dates due to festivals, state-specific holidays, and regular Saturday closures.

Apple Pay will be launched by the Cupertino-based tech giant in the middle of this year, according to a report citing people in the know of the matter. The company is reportedly in talks with multiple financial institutions at the moment for the launch of its digital payments solution in the country, including ICICI Bank, HDFC Bank, and Axis Bank. Recently, reports of...

Airtel has unveiled a new Fraud Alert system to warn users about potential bank-related one-time passwords (OTP) scams, the telecom service provider (TSP) announced. The system will leverage AI to detect potentially risky incoming calls after an OTP has been received. The TSP will then send alerts to users, intervening and warning subscribers. This comes soon after th...

The Supreme Court on Monday described the siphoning of over Rs 54,000 crore by digital frauds as absolute "robbery or dacoity" and asked the Centre to draft a standard operating procedure in consultation with stakeholders like the RBI, banks.

South Korea could significantly strengthen the competitiveness of its bio-health industry by leveraging its abundant, high-quality bio data through artificial intelligence (AI), a central bank report showed on Monday.

Bank Holidays January 2026: While bank branches may be closed during these holidays, customers can still access digital banking services.