Many founders and investors took to public platforms to point out that the Reserve Bank of Indias directive has come across as being harsh, with the potential of affecting millions of consumers and businesses.
Paytm founder and CEO Vijay Shekhar Sharma has reduced the shareholding of Chinese financial services major Ant Financial in the Indian fintech firm through an intricately structured deal that bestows on him more control over the Noida-headquartered company.
An Indian crypto exchange and a policy firm have separately asked the government to let crypto firms access the national Unified Payments Interface (UPI) after it was ostensibly suspended in 2022.