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Fintech company Slice and North East Small Finance Bank (NESFB) on Monday announced a successful completion of their merger, following the shareholder and regulatory approvals.

Key regulatory approvals, including NPCI’s recent approval for new UPI user onboarding, bolster Paytm’s expansion plans while growth in financial services, particularly through DLG model loans and increased credit card distribution, adds to the company’s long-term growth prospects.

With Diwali, Dhanteras, and Bhai Dooj around the corner, Amazon Pay has introduced various discounts, offers and cashbacks to make the most of the festive season’s spending surge, from offers on travel bookings, online spends to purchase of digital gold.

Discrepancies in background checks within the BFSI sector reached 10.4 per cent for the financial year 2023-24, marking an 18.1 per cent increase compared to the previous year.

The National Payments Corporation of India has ordered fintech firms to stop using UPI APIs for unauthorised purposes, such as user authentication. This violates NPCI and RBI guidelines, and firms must comply or face penalties or cessation of UPI services.

This collaboration aims to offer Indian merchants secure and efficient payment processing solutions tailored to their business needs.

A cash usage indicator (CUI) taking into account both physical and digital modes of payments indicates that the cash usage remains significant, but has been declining during the period under study, said the author Pradip Bhuyan from the Reserve Bank of India’s (RBI) department of currency management in a paper titled “Cash Usage Indicator for …

Use of cash still dominant, digital modes catching up Read More »

​According to the letter, the approval is subject to adherence to all NPCI procedural guidelines and circulars issued from time to time, including guidelines and circulars issued specifically on risk management, brand guidelines for app and QR, multi-bank guidelines, TPAP market share and customer data.

This festive season, Equitas Small Finance Bank launched Selfe Loans, a mobile app that allows users to apply for secured loans without income proof, including loans against property, home loans, merchant overdrafts, and loans for new and used cars as well as commercial vehicles.

MobiKwik has partnered with RBI-regulated SFBs and NBFCs like Suryoday Small Finance Bank and Bajaj Finance, to roll out an instant fixed deposit (FD) product on their mobile app, with a return of about 9.5 per cent.