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Once a ‘move-fast’ environment, Indian FinTechs are now adjusting to regulatory guardrails, facing some crucial questions. Why are these entities under scrutiny? Can compliance become a new competitive advantage? Can FinTechs balance rapid growth with consumer protection? Will stricter regulations boost investor confidence? Hear FinTech experts weigh in on these aspects.
Digital payments are now a common way to transact in India. This has led to a rise in online scams targeting unsuspecting users. These scams include UPI refund scams, phishing, SIM swapping, online shopping scams, digital arrest scams, and KYC scams. These scams can result in financial and personal losses. The article provides ways to …
UPI refund scam, phishing, digital arrests, and other online scams you should know about Read More »
The Reserve Bank of India has granted authorisation to In-Solutions Global to establish a payment system for the issuance and operation of Prepaid Payment Instruments (PPI), under the Payment and Settlement Systems Act.
Non-Resident Indians (NRIs) can now transfer money to India faster through UPI, thanks to the National Payments Corporation of India (NPCI) extending UPI services to NRE and NRO account holders. NRIs can link their international mobile numbers to UPI apps for instant transactions. Supported banks and apps include Federal Bank, ICICI Bank, and PhonePe, among …
Fintech firm Cashfree Payments has reported Rs 135 crore loss in the financial year (FY24), compared to Rs 133 crore loss in FY23.
Starting November 1, 2024, NPCI introduces new UPI changes including an auto top-up feature and higher transaction limits for UPI Lite. Transactions up to Rs 1,000 no longer require a PIN, while wallet balance limits increase to Rs 5,000. The auto top-up feature recharges the UPI Lite account automatically, enhancing convenience for small-value payments.
Starting November 1, 2024, NPCI introduces new UPI changes including an auto top-up feature and higher transaction limits for UPI Lite. Transactions up to Rs 1,000 no longer require a PIN, while wallet balance limits increase to Rs 5,000. The auto top-up feature recharges the UPI Lite account automatically, enhancing convenience for small-value payments.
Paytm has showcased it’s branding with UPI id in the form of glittering stars, and Google Pay is offering cashback by partnering with Zepto. ETBFSI has compiled a unique ways that FinTechs chose to celebrate Diwali this year.
India and Saudi Arabia are strengthening trade ties through collaborations in fintech, new technologies, energy efficiency, clean hydrogen, textiles, and mining, following Minister Piyush Goyal’s Riyadh visit for the Strategic Partnership Council.
Given the month of festivities, UPI transaction volume witnessed a significant uptick from 15.04 Bn in September to reaching 16.68 Bn in October. Immediate Payment Service (IMPS) transactions rose to 467 million in volume and Rs 6.29 trillion in value, while FASTag, India’s toll collection system, processed 345 million transactions worth Rs 61.15 billion. Aadhaar …
UPI clocks 535 Mln daily transactions in Oct; crosses 16.58 Bn in volume Read More »
