News Competition Commission of India conducting enquiries against fintech entities Foreign fintech entities like Google Pay and PhonePe are dominating the UPI market and CCI has been urged to regulate this in the past. Simone LoboMarch 28, 2024
News Paytm receives NPCI approval to continue its UPI functions in partnership with other banks The Reserve Bank of India in January placed major restrictions on Paytm Payments Bank, including asking it to stop its UPI services. Sarvesh MathiMarch 15, 2024
News Flipkart launches UPI services in partnership with Axis Bank The UPI landscape is currently dominated by Phonepe and Google Pay, which command over 83% of the market. Sarvesh MathiMarch 5, 2024
News Paytm discontinues its agreements with Paytm Payments Bank The move can be seen as an attempt by Paytm to distance itself from the troubled Paytm Payments Bank, which has been significantly restricted... Sarvesh MathiMarch 2, 2024
News RBI updates its regulatory sandbox framework Under the updated regulatory framework, sandbox entities must process all the data, in its possession or under its control, in accordance with the provisions... Sarvesh MathiMarch 1, 2024
News Views: Response to NPCI CEO’s comments that what is not written in regulations is a no-go for fintech entities NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could... Sarvesh MathiFebruary 29, 2024
News Finance Minister Nirmala Sitharaman meets with fintech firms to discuss concerns Finance Minister pushes for monthly RBI-fintech dialogues to streamline sector challenges. Sarvesh MathiFebruary 28, 2024
News RBI allows Paytm to migrate @paytm UPI users to other banks once NPCI gives approval This should come as a huge relief to Paytm as it provides customers and merchants with some assurance that UPI services will continue as... Sarvesh MathiFebruary 26, 2024
News Uniform KYC norms and measures to tackle fake loan apps discussed at Financial Stability Council meeting Finance Minister discusses digital KYC and measures against unauthorized lending apps at FSDC meeting. Sarvesh MathiFebruary 22, 2024
News RBI increases scrutiny of peer-to-peer lending platforms: Report RBI's latest regulatory measures target P2P lending platforms, signaling tighter oversight in the fintech sector. Sarvesh MathiFebruary 21, 2024