Page 18 - Ajinkya Kawale

Reserve Bank of India widens scope of BBPS to non-bank payment aggregators

Number of participants on BBPS to go up with participation of PAs

Fintechs raise UPI payment charging concerns with FM Nirmala Sitharaman

The MDR on UPI payments has been a longstanding demand from the fintech industry, asserting they don't generate revenue from such transactions

RBI revises timeline for completion of Regulatory Sandbox process

The updated framework for an RS also requires sandbox entities to ensure compliance with provisions of the Digital Personal Data Protection Act, 2023

Electronics manufacturing will need over 4 mn people: Civil servant

Semiconductors emerging as 'big sector' in country as more investments come in, he says

PhonePe to go global in a couple of months, says CEO Sameer Nigam

The Bengaluru-headquartered company is expected to announce its international plans over the next couple of months

Extra caution to ensure fintechs don't function beyond rule: Peak XV MD

Meanwhile, he explained that India needs to have a culture of research and development (R&D) with more number of deeptech innovators and founders at startups

Nearly 86% internet users access OTT audio and video services in India

The growth of the internet user base is decelerating, according to the report titled "Internet in India 2023" published by the Internet and Mobile Association of India (IAMAI) and Kantar

Meeting with FM 'consultative' and 'positive': fintech, startup executives

The finance minister added that companies must ensure strict compliance and adherence with regulations

Diversity in India's ecosystem aids Razorpay's global forays, says CFO

The company has planned expansions into South East Asia and West Asia

Amazon Pay gets final approval from RBI to operate as payment aggregator

The company added that the authorisation from the banking regulator would enable it to strengthen its distribution channels

Vijay Shekhar Sharma steps down from Paytm Payments Bank board amid crisis

The development comes weeks after the Reserve Bank of India (RBI) imposed severe restrictions on the payments bank's operations

FM-fintech companies meet on Monday: Compliance, innovation on table

Paytm may be absent from the meeting

Decoded: Public tech platform for frictionless credit, demystified

The pilot of this platform, known as a Public Tech Platform for Frictionless Credit (PTPFC), commenced on August 17 last year

RBI allows banks, non-banks to issue PPIs for public transport systems

The regulator amended guidelines for prepaid payment instruments for mass transit systems (PPI-MTS). It said such PPIs can be issued without Know Your Customer (KYC) verification of the holders

@Paytm UPI handles to be smoothly migrated from Paytm Payments Bank: RBI

NPCI asked to help Paytm app continue operations

Fintech major Razorpay's latest offerings: PoS device, marketing stack

The Bengaluru-based fintech firm marked its foray into the marketing and growth solutions space as it launched Engage; a full-stack marketing growth suite

Fintech firms will go global with govt's clear thinking, says NPCI chief

NPCI chief Dilip Asbe explained that Indian fintech companies will have to take the lead to explain the country's payment standards to the world before exporting them globally

Fintech personal loan disbursal up from 1.1 mn to 41.6 mn in 5 years: FACE

Similarly, the value of loans has increased from Rs 5,907 crore to Rs 40,845 crore during the same time

Paytm users may take up to 6 months to shift to other service providers

Fintech giant is planning to apply for third-party application provider licence

Paytm doubling down on banking partnerships to streamline business

The company is moving swiftly to finalise these partnerships after the Reserve Bank of India (RBI) extended the deadline for restrictions on deposit and credit transactions of Paytm PB to March 15