News What is India’s approach to regulating the FinTech sector? RBI Deputy Governor explains MK Jain, Deputy Governor of India's central bank, explains the various benefits and risks posed by FinTech and how India is trying to balance... Sarvesh MathiMarch 15, 2023
News India’s central bank fines Amazon Pay ₹3 crores for violating KYC norms RBI imposed a monetary penalty of Rs 3.06 crores on Amazon Pay for non-compliance with KYC and Prepaid Payment Instrument (PPI) norms. Sarvesh MathiMarch 6, 2023
News Summary: RBI issues clarifications on digital lending guidelines The Reserve Bank of India answers FAQs on digital lending guidelines at a time when the Indian govt is clamping down on predatory digital... Sarvesh MathiFebruary 16, 2023
News Full list: Who is and isn’t allowed to operate as a payment aggregator in India PayTM Payments Services and Ola Financial Services among those that had their applications returned: here's a complete list Sarvesh MathiFebruary 16, 2023
News India’s central bank cancels licenses of two financial companies for digital lending malpractices Reserve Bank of India has cancelled licenses of two Non-Banking Financial Companies on account of violation of its guidelines in their digital lending operations Sarvesh MathiFebruary 14, 2023
News Whitelist of approved digital lending apps sent to app stores: Finance Ministry A whitelist of legal apps is a significant step because it effectively disallows any lending app that is not approved by the RBI. Sarvesh MathiFebruary 9, 2023
News What do we know about six entities selected by Indian central bank to test products mitigating financial frauds? The testing is a part of the fourth cohort which was announced under the bank’s regulatory sandbox regime in June 2022. MitakshJanuary 6, 2023
News India’s central bank restrains fintech entities like Razorpay from onboarding new merchants: Report The decision taken by the RBI is related to the payment-aggregator licences which were issued to these companies in 2022. MitakshDecember 17, 2022
News Here’s how Slice is changing to work around RBI’s digital lending guidelines Fintech startup Slice is pivoting to a new model of credit lending in order to comply with the RBI's guidelines on digital lending Sarvesh MathiOctober 31, 2022
News RBI’s card storage rules kick in today, but is the payments ecosystem ready in India? RBI's card storage rules kick in today despite a lack of clarity on whether or not the payments ecosystem is ready for the change Sarvesh MathiOctober 1, 2022