Rbi

[Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

[Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

13 Nov 2024, 10:56 AM

A source claims LazyPay recently received a letter from the RBI flagging issues in its customer onboarding process, but the company strongly denies receiving any such communication.

Cashfree pilots cross-border payments with Swiggy, Nykaa, others

Cashfree pilots cross-border payments with Swiggy, Nykaa, others

11 Nov 2024, 12:07 PM

The Bengaluru-based company is "piloting with half a dozen sizable merchants that will be over by the end of this year."

Paytm receives regulator

Paytm receives regulator's approval to add new UPI users, after 10-month ban

23 Oct 2024, 14:54 PM

The onboarding process was suspended in February this year due to directives from the Reserve Bank of India (RBI).

RBI bars fintech lenders Navi, DMI Finance, and others from issuing new loans

RBI bars fintech lenders Navi, DMI Finance, and others from issuing new loans

17 Oct 2024, 21:20 PM

This action, according to the RBI, is based on material supervisory concerns observed in the Pricing Policy of these companies.

Blame Game Unfolds: Mobikwik, Lendbox at odds amid P2P lending mess

Blame Game Unfolds: Mobikwik, Lendbox at odds amid P2P lending mess

20 Sep 2024, 16:27 PM

More than a month after the RBI’s crackdown on peer-to-peer (P2P) lending, the Lendbox-MobiKwik partnership is showing cracks, with investors facing a lack of transparency.

The Payment Aggregator Paradox: License to Struggle?

The Payment Aggregator Paradox: License to Struggle?

24 Jul 2024, 03:43 AM

The much-coveted payment aggregator license maybe losing its sheen as it has turned into a regulatory nightmare for some.

What went wrong with payment aggregator plans of Stripe, Zomato?

What went wrong with payment aggregator plans of Stripe, Zomato?

04 Jun 2024, 06:53 AM

In the past six months, the RBI has granted final PA licenses to 30 companies. Out of these, one has surrendered its license, and another has put its plans on hold.

RBI asks Visa, Mastercard to halt commercial card-based vendor payments

RBI asks Visa, Mastercard to halt commercial card-based vendor payments

19 Feb 2024, 17:43 PM

Visa has sent out a communication to its fintech partners asking them to stop Business Payment Service Provider (BPSP) transactions.

Fintech Hightlights

  1. Groww’s valuation falls below $2 billion due to domicile shift back to India

  2. SoftBank-funded OfBusiness hires top bankers for IPO in 2025

  3. Innoviti ropes in Nish Kotecha to its advisory board

  4. BusinessNext introduces AI agent platform for BFSI sector

  5. SME-focussed fintech CredFlow raises $3.7 million led by existing investors
  6. Read more highlights...

Editor's Pick

  1. [Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

  2. Inside the BharatPe-Ashneer Grover Settlement: Unveiling the Behind-the-Scenes Drama

  3. Inside Paytm: The power struggle between Vijay Shekhar Sharma and Bhavesh Gupta