Friday, June 14, 2024
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fintech

Paytm Founder Sharma Acknowledges Crucial Role Of Regulatory Engagement

While speaking at an event in Japan, Sharma said that ambiguity brings stress to the business.

06 / 03 / 2024

Fiserv Appoints Murali Nair As General Manager Of India And South Asia

Murali Nair was previously president of banking for India at Zeta and has held leadership positions in client relationship management at Visa and market development at Mastercard, etc.

05 / 03 / 2024

Experts Suggest Regulatory Reassessment To Boost Fintech Sector And Ease Compliance Burden

Following the RBI's action, some in the industry expressed concern that the regulatory environment, rather than fostering innovation, could hinder the progress of fintech companies.

26 / 02 / 2024

MobiKwik Introduces Pocket UPI To Facilitate UPI Payments Without Linking Bank Account

Pocket UPI safeguards users from compromised transactions and financial fraud by transferring funds from the MobiKwik Wallet rather than their bank account..

26 / 02 / 2024

Paytm Shares Hit Upper Circuit Again At Rs 428

In the morning trade, the 30-share BSE Sensex benchmark slumped 288.71 points or 0.39 per cent, while NSE Nifty fell 71.55 points to 22,141.15.

26 / 02 / 2024

Pine Labs criticized Paytm’s newspaper ads with a promotional tweet saying ‘Front- page ads can be bought. Trust cannot’

There have been around 30 acquisition deals in the Indian Fintech space in 2023 as compared to 37 and 29 deals in 2022 and 2021 respectively.

The agency looked into over 50 lakh accounts and wallets but didn't find any breaches of foreign exchange rules.

Rajeev Chandrasekhar said that the RBI order has drawn the attention of fintech players to the fact that the regulatory compliance is not an optional thing.

To generate sustainable self-employment for women across the country, This program is designed to provide additional income-generation opportunities for women...

This direction came after the Indian Highways Management Company Ltd (IHMCL) barred Paytm Payments Bank from issuing fresh FASTags.

RBI, however, did not name the card network but said that only one card network has operationalised this arrangement of enabling businesses to make card...

The digital banking platform said that the funds will provide growth capital to accelerate Freo’s pan-India reach.

As of now, no irregularities have been detected and a case under FEMA will only be registered once any contravention under the said law is found.

The development comes on the heels of the RBI initiating regulatory actions against Paytm Payments Bank.