I'm Stuck in My Razorpay
is it needs an current account, buisness pan and Gst as Compulsory
Anonymous 3
Hey I am on Medial • 1m
Bro you are not stuck, they are stuck with this need for compliance. They had gotten fkagged by RBI for stuff like this na in 2023, couldn't bring on new merchants for a whole year and so phonepe was born
How we can create an app like Phonepe and Gpay that are QR based for payment purpose
What are the challenges for merchants in using these apps which can be resolved?- if anybody is using these apps as a merchant pls guide
What are the legal require
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2 replies4 likes
Saksham
Legal Advisor! • 8m
The RBI released a framework for self-regulatory organizations (SROs) in the fintech sector to balance innovation with regulatory compliance.
Key points:
•SROs must represent the fintech sector, including RBI-regulated entities, facilitating self-g
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0 replies5 likes
Chamarti Sreekar
Passionate about Pos... • 1m
Reliance Jio Launched Free ‘Sound Pay’ Feature on Its Jio Bharat 4G Feature Phones
Merchants Won’t Need To Pay For Soundbox
They Can Use Their Mobile as Soundbox
Another Interesting and UPI Friendly Feature
2 replies17 likes
DK
•
Ride • 8m
Opened a start-up current account with Yes Bank. Out of service area so the RM has to get permission from head office.
Yesterday RM called saying RBI has frozen the account because allegedly they called me to verify and I said "we never applied for
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3 replies6 likes
Suniyo
Can someone give Bus... • 3m
Want to know why 95% of people stay stuck?
They can't handle being wrong.
Show them a blind spot - they get defensive.
Point out a mistake - they get emotional.
Offer feedback - they take it personal.
While the top 5%?
They hunt for corrections.
A few days ago, Flipkart introduced its new UPI service, Supermoney.
⏮️The interesting part: Let's go back a few years -
Dec, 2015: 3 former Flipkart exec's start PhonePe.
Apr, 2016: Flipkart acquires PhonePe for $20 M.
Aug, 2018: Walmart acquires
why the RBI isn't taking any action against P2P platforms for accepting lenders' money on their own balance sheets. According to RBI guidelines, P2P platforms cannot accept money on their own balance sheet or provide rapid liquidity to any lender, ye
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4 replies8 likes
Havish Gupta
Figuring Out • 6m
This is crazy!
Bytedance, the parent company of TikTok made $120 Billion in revenue and $40 Billions in Ebitda in 2023.
For comparison, Google made $97 Billion, Amazon got $100 Billion while Tesla just got little over $15 Billion in Ebitda in tge s
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8 replies5 likes
Laxit Rana
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Repute • 6m
PhonePe/Gpay revenue Model :-
Someone anonymously asked about revenue model of these two so let's break it down for him and for everyone else who is interested in it and is not aware of.
I am assuming you are already familiar with such UPI platfor
Hi,
I started my company on July 2023, for purpose of selling fashion products through dropshipping method. I invested approx 2.80lakh on that dropshipping company.
Also, from online where I registered my OPC asked me for ₹25999 for compliance. Du