Fintechs doubtful about PPI-KYC wallet interoperability The RBI's mandate to enable interoperability between full-KYC wallets and prepaid payment instruments (PPIs) has led to uncertainty among fintech companies, according to a Hindu BusinessLine report. The deadline to comply with this mandate was earlier this week. Reliance justifies sudden takeover of Future Retail stores in letter Retail giant Reliance pointed to mounting dues worth $634 million as a justification for its abrupt takeover of some of Future Retail's stores, Reuters reported. In a company letter, Reliance said that it took these significant steps in order to ensure that there was "no impediment" that could hamper its deal with Future Retail. Delhivery collaborates with Ajio for better customer experience Logistics startup Delhivery has formed an alliance with Reliance-owned retail and clothing e-commerce site Ajio for enhanced customer experience. The association will address the problem of low-quality returned products and ensure that they are repurposed for sale, The Hindu reported. 18-year-old suspect gets bail in Clubhouse case A Mumbai metropolitan magistrate's court granted bail to Akash Suyal, an 18-year-old who is accused of making lewd comments about women on social audio app Clubhouse, according to The Indian Express. Read: Four Arrested By Delhi And Mumbai Police For Lewd Comments In Clubhouse Room Facebook bug resulted in increased views of risky content A group of Facebook engineers discovered a "huge ranking failure" that exposed as many as half of all News Feed views to potential "integrity threats" during the last six months, according to The Verge.…
TLDR: Fintech players unsure of PPI interoperability, Reliance justifies takeover of Future’s assets, and FB bug boosted views of risky content
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