PayU's expansion plans which it had charted out based on the acquisition have been put on hold for over a year
RBI Governor Shaktikanta Das' traffic light imagery for the fintech industry has several implications
All apps, including legal ones with sophisticated cyber security protocols, are prone to fraud and cyber threats, said Saxena
Sheds 15% intraday before reversing some of the losses to end at Rs 582.8 on BSE
Fintechs have leveraged the gaps in traditional financial institutions and processes to provide increased efficiency and productivity. They have been a vehicle of financial inclusion
Panel set up by the RBI finds more than half of about 1,100 digital loan providers operate illegally.
If a fintech player is providing liquidity service (such as deposits and credit), it must be regulated as strictly as a bank, says T Rabi Sankar
The Committee will also focus on how Fintech can be leveraged to enhance financial inclusion of MSMEs