Experts suggest regulatory review to promote fintech, reduce compliance burden. news

Experts suggest regulatory review to promote fintech, reduce compliance burden.  news

Illustration: Ajay Mohanty Experts said that as the size and scale of the fintech sector grows, there is a need to re-think the regulatory policies and guidelines to give more impetus to the financial inclusion drive and take financial products to the bottom of the pyramid. The FinTech sector has revolutionized the financial sector in […]

Paytm issue may be reviewed, investigation on Byju’s going well: ICAI Company News

Paytm issue may be reviewed, investigation on Byju’s going well: ICAI  Company News

Amid the Paytm Payments Bank Ltd crisis, Institute of Chartered Accountants of India President Ranjit Kumar Agarwal on Sunday said its Financial Reporting Review Board (FRRB) may deliberate on the fintech firm’s issues in the near future. The ICAI president said the statutory body’s FRRB is currently reviewing the accounts of tech-based education unicorn Byju […]

@Paytm UPI handle to be easily migrated from Paytm Payments Bank: RBI | Company News

@Paytm UPI handle to be easily migrated from Paytm Payments Bank: RBI |  Company News

The Reserve Bank of India (RBI) on Friday said Paytm’s Unified Payments Interface (UPI) handle, @paytm, can be smoothly transferred from Paytm Payments Bank to a group of newly identified banks after March 15 to minimize disruptions. will be given. RBI has barred Paytm Payments Bank from accepting fresh credit to its customer accounts or […]

RBI allows banks, non-banks to issue PPIs to public transport passengers. finance news

RBI allows banks, non-banks to issue PPIs to public transport passengers.  finance news

The Master Guidelines on PPI were originally issued by RBI in 2021 The Reserve Bank of India (RBI) on Friday amended the Master Direction on Prepaid Payment Instruments (PPIs), allowing banks and non-bank PPI issuers to offer these instruments for public transport. “In order to provide convenience, speed, affordability and security of digital modes of […]