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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

The Reserve Bank of India (RBI) has announced that it will soon revise the transaction limits for Unified Payments Interface (UPI) payments made to merchants, also known as person-to-merchant (P2M) transactions. This move is aimed at enhancing the ef

Brown Family basically wants stability( money) and Respect By society Which they never achieved In their life So They pressure Their Child To achieve What they couldn't for Them.

Fintech unicorn PhonePe has launched an upgraded version of its smart speaker, aimed at boosting digital payments for offline merchants across the country. The latest Made In India device retains all the key features of its predecessor and comes wit

Governance Crisis at IndusInd Bank A series of red flags have shaken investor confidence in IndusInd Bank: 1. May 2021: 84,000 unauthorized microfinance loan disbursements due to a tech glitch. 2. 2023–24: Promoter pledging concerns arise; RBI lim

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

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

UPI on Credit? PhonePe’s Boldest Bet Yet In partnership with HDFC Bank and NPCI, the card is powered by Rupay and allows UPI payments through credit. NPCI had enabled this back in 2022, but PhonePe had to wait almost ten months to get RBI approval.

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