In no particular order, here are MediaNama’s top 10 stories of the week ended 11th March 2018 MediaNama would like to thank its sponsors: E2E, for their support. Paytm gift vouchers circumvent mandatory KYC but usability is limited Users who haven’t completed their KYC can still load money onto their Paytm account by purchasing gift vouchers on the platform. The workaround, which is an effort to circumvent the RBI’s mandatory KYC rules, is far more limited compared to using the standard Paytm wallet though. Read it here Flipkart gets infusion of Rs 4,472cr from its Singapore parent Flipkart India Private Limited, wholesale arm of Flipkart has got a massive infusion of Rs 4,472 crore from its Singapore parent (Flipkart Limited, Singapore), Registrar of Companies documents showed. The development was first spotted by the data platform Paper.vc. Read it here Government sets up steering committee for fintech, aims to boost sector The government has set up a steering committee to find ways to help ease regulations and boost entrepreneurship in the financial technology sector. The eight-member panel is being led by the Department of Economic Affairs secretary Subhash Chandra Garg. Other members include top functionaries from the ministry of electronics and information technology, Central Board of Excise and Customs, UIDAI and the Reserve Bank of India. Read it here After mandatory KYC RBI targets wallet interoperability by April: Report The Reserve Bank of India (RBI) is reportedly sticking to its original target of making prepaid payment instruments like mobile wallets interoperable…
