Reserve Bank Of India

India Opens Discussion on Payment Fees
India Opens Discussion on Payment Fees
August 18, 2022  |  Payment Methods

Public feedback is being sought from consumers and merchants by the Reserve Bank of India (RBI) regarding all aspects of payment system charges across the...

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Reserve Bank of India Strengthens Digital Lending Rules
Reserve Bank of India Strengthens Digital Lending Rules
August 10, 2022  |  Bank Regulation

India’s central bank has issued new guidelines designed to add oversight to digital lending apps and the lenders who work with them. According to a...

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Crypto Regulation Weekly: Congress Could Challenge Control SEC Seeks With Ripple Suit
Crypto Regulation Weekly: Congress Could Challenge Control SEC Seeks With Ripple Suit
July 20, 2022  |  Cryptocurrency

All in all, this wasn’t a very good week for Securities and Exchange Commission Chairman Gary Gensler’s fight to win regulatory control over cryptocurrencies. As...

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LazyPay Temporarily Halts BNPL Offering Because of Regulatory Concerns
LazyPay Temporarily Halts BNPL Offering Because of Regulatory Concerns
July 05, 2022  |  Buy Now Pay Later

LazyPay, the lending arm of PayU India, is halting its support of its buy now, pay later (BNPL) product LazyPlus UPI until regulators sort out...

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FinTechs Ask Indian Central Bank For More Time to Adopt Payments Rule
FinTechs Ask Indian Central Bank For More Time to Adopt Payments Rule
June 24, 2022  |  Regulation

Representatives from the FinTech industry are asking India’s central bank for more time to adhere to its new prepaid payment instruments (PPI) rule. The Reserve...

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Today in TechREG: CFPB Probes Late Fees; UK FCA to Tap AI, Tackle Online Scams
Today in TechREG: CFPB Probes Late Fees; UK FCA to Tap AI, Tackle Online Scams
June 23, 2022  |  Technology

Today in technology regulation news, the U.K.’s Financial Conduct Authority (FCA) announced a new plan to use data analytics and AI to identify and prevent...

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Reserve Bank of India to Test Blockchain-Based Trade Financing Effort
Reserve Bank of India to Test Blockchain-Based Trade Financing Effort
June 23, 2022  |  Digital Banking

The Reserve Bank of India (RBI) has locked in HDFC Bank, ICICI Bank and State Bank of India among almost a dozen lenders across the...

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Today in FinTech: Non-Bank PPIs; PropTech Capital; LatAm FinTechs; Crypto Debt Relief; Consumer Credit
Today in FinTech: Non-Bank PPIs; PropTech Capital; LatAm FinTechs; Crypto Debt Relief; Consumer Credit
June 21, 2022  |  Fintech Investments

In today’s FinTech news, Stashfin raised funds to reach more consumers in India with its virtual credit facility. Meanwhile, India’s central bank is halting non-bank...

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RBI to FinTechs: Non-Banks Can’t Reload Funds to Prepaid Wallets, Cards
RBI to FinTechs: Non-Banks Can’t Reload Funds to Prepaid Wallets, Cards
June 21, 2022  |  Regulation

FinTechs were alerted that non-bank issuers of prepaid payment instruments (PPIs) can’t load cards and digital wallets with funds through credit lines, the Reserve Bank...

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