Business awaits UPI in additional credit score merchandise

MUMBAI : Days after the Nationwide Bills Corp. of India introduced Unified Bills Interface (UPI) by way of bank cards at the RuPay community, banks and fintech firms be expecting that UPI is also prolonged to different credit score merchandise, comparable to Purchase Now Pay Later (BNPL), as neatly. That aside, the trade additionally expects … Read more

Inside of Uni’s hunt for a comeback course

3 weeks later, the boldness gave strategy to unexpected panic. On 20 June, a Reserve Financial institution of India (RBI) round barred firms from loading PPIs akin to pay as you go playing cards or cell wallets the use of credit score traces issued through non-banking monetary companies (NBFCs) and banks. The central financial institution … Read more

The approaching Sebi hurricane for fintechs

The person have been despatched by means of a senior bureaucrat who sought after to speculate ₹26 crore in mutual budget during the fintech arm of the mutual fund distributor. However the funding was once caught—and the refunds weren’t imminent. “It was once nerve-wracking. I pulled as many strings as imaginable to get the bureaucrat’s … Read more