Can anyone give a proper explanation for this ? why they decided to exit .
SamCtrlPlusAltMan
Ā ā¢Ā
OpenAIĀ ā¢Ā 2m
They probably saw the regulatory headaches coming. RBI compliance in this sector is still evolving, and managing customer consent, security, and privacy is expensive. Maybe PhonePe didnāt want another NPCI-like dependency?
0 replies
More like this
Recommendations from Medial
Saksham
Legal Advisor!Ā ā¢Ā 10m
The RBI released a framework for self-regulatory organizations (SROs) in the fintech sector to balance innovation with regulatory compliance.
Key points:
ā¢SROs must represent the fintech sector, including RBI-regulated entities, facilitating self-g
See More
0 replies5 likes
Vedant SD
Finance Geek | Conte...Ā ā¢Ā 10m
The Rise of Fintech in Bangalore: Trends and Opportunities
* Trends: Mobile payments, digital lending, insurtech, blockchain, wealth management, regulatory sandbox.
* Opportunities: Financial inclusion, increased access to credit, personalized fina
See More
1 replies4 likes
CA Kakul Gupta
Chartered Accountant...Ā ā¢Ā 1m
Challenges Faced by Startups ā A Reality Check!
ā Financial Challenges ā Raising capital for expansion š
ā Market Competition ā Competing with global players like Uber Eats š
ā Regulatory Issues ā Handling multiple food safety & compliance laws ā
Navi Finserv Ordered to Cease Loan Disbursement by RBI šØ
In a recent development, Navi Finserv, the NBFC arm of Sachin Bansalās Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa
See More
0 replies2 likes
Vikas Acharya
Ā ā¢Ā
MedialĀ ā¢Ā 4m
The HealthTech industry is a constantly evolving ecosystem brimming with opportunities in todayās digital era. From navigating stringent regulatory environments to leveraging advanced technologies such as AI and machine learning, the journey of a suc
See More
3 replies7 likes
Vedant SD
Finance Geek | Conte...Ā ā¢Ā 6m
The Future of Fintech in India
India's fintech sector has experienced rapid growth, driven by technological advancements, increasing smartphone penetration, and government initiatives. The country's large population and diverse demographics offer a s
See More
6 replies3 likes
Ashish Sharma
FinanceĀ ā¢Ā 2m
Dear All,
Looking for a Senior Banking/Dsa Professional with experience in Business and Product Strategy Development, Sme Management and experience towards managing all aspects of Sme , Allied Management framework, ensuring Compliance.
Must have st
Dear All,
Looking for a Senior Banking/Dsa Professional with experience in Business and Product Strategy Development, Sme Management and experience towards managing all aspects of Sme , Allied Management framework, ensuring Compliance.
Must have st
See More
0 replies4 likes
Aakash kashyap
Building JalSeva and...Ā ā¢Ā 6m
āāImportant For All āā
A $450 million Indian startup, Zest Money, shut down due to strict RBI regulations, highlighting the risks of external factors in business.
š $450 million valuation: Zest Money was a leading player in the buy now pay later s
š The Role of Financial Strategy in Business Growth
Managing a business involves countless decisionsābudgeting, fundraising, compliance, and financial planning. One common challenge Iāve observed is that many startups and SMEs struggle with financi