Explore the latest news, in-depth reports, and executive analysis tagged with #Licence.
The court's directive follows the RBI’s decision to revoke Paytm Payments Bank's banking licence in April.
The move comes less than three months after the Reserve Bank of India formally cancelled Paytm Payments Bank's licence.
With the new licence, Skydo can facilitate both incoming and outgoing payments between India and Canada, including local fund collections and payouts.
We write about MobiKwik’s lending ambitions; and a worrying trend emerging across the technology industry...
MobiKwik said it is targeting a 10x expansion in its merchant payments segment by FY28.
The central bank has also directed Maharashtra’s Registrar of Cooperative Societies to begin the bank’s liquidation process and appoint a liquidator.
Recently, newly listed fintech major Pine Labs and PayU India also got RBI's approval for the three licenses.
Paytm had applied to the Central Bank of the UAE for two licences — one covering acquiring and domestic payments, and another for a wallet-type product.
The licence will help the company enable cross-border transactions for digital services, e-commerce, and B2B goods trade, serving businesses across Asian emerging markets.
Over the past two and a half years, Kuhoo Finance has processed more than 100,000 student applications and facilitated loans worth over Rs 300 crore for 15,000 borrowers.
Easebuzz claims it processes an annualized gross transaction value (GTV) of $30 billion, serving more than two lakh businesses.
The RBI recently set up a committee to evaluate applications for universal banks as well as small finance banks.
