fintech sector

India's banking regulator doesn't intend to impose drastic measures on the country's fintech sector, a senior official said, weeks after it stunned investors by abruptly suspending much of the operations of Paytm Payments Bank, founded by high-flying billionaire Vijay Shekhar Sharma.There are “no harsher measures coming on fintech,” P. Vasudevan, an executive director in charge of enforcement at the Reserve Bank of India, said on Friday. The central bank would be happy to see self-regulation for the sector, but expected…

In one of the latest regulatory actions on the fintech sector, the Reserve Bank of India has put usage of cards for B2B payments on hold until further notice. ET wrote on February 14, that card schemes like Visa and Mastercard along with banks have been asked to halt vendor, supplier and other such payments made via commercial credit cards. These transactions are facilitated by fintech startups like EnKash, Paymate and others who have stopped it as well. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Fintech giant Paytm lays off over 1000 employees as cost-cutting measure Fintech giant Paytm lays off over 1000 employees as cost-cutting measure FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your…

The Reserve Bank of India (RBI) has raised payment limits for UPI transactions in hospitals and educational institutions at its monetary policy meeting today. This and more in today’s ETtech Top 5.Also in this letter:■ Apple’s mega iPhone plans for India■ Phone makers seek competitive tax regime■ Infographic Insight: Smartphones — bane or boon?RBI announces relaxations, measures for under-scrutiny fintech sector RBI Governor Shaktikanta DasThe Reserve Bank of India announced a slew of measures for the fintech…