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Whatever is not written in regulation, means a ‘No’: NPCI chief Dilip Asbe

Economic TimesEconomic Times · 8m
Whatever is not written in regulation, means a ‘No’: NPCI chief Dilip Asbe

National Payments Corporation of India (NPCI) chief Dilip Asbe highlighted the importance of compliance in the fintech industry, stating that founders cannot build a sustainable business without adhering to regulations. He emphasized that there are no grey areas in the Indian fintech landscape. Asbe's comments come in the wake of regulatory actions taken against Paytm Payments Bank by the Reserve Bank of India. Asbe also discussed the growth potential in digital payments, including the conversion of cash to Central Bank Digital Currency, recurring payments, and international payments. Additionally, he mentioned the role of artificial intelligence in data generation and its use in fraud prevention and personalization within the payment sector.

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