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Budget 2023-24: Govt Cuts Subsidy For Fintechs, Banks On UPI Transactions

The government has cut down the allocation meant for compensating fintech startups and banks that facilitate UPI transactions.

Payment council of indiaUnion budgetPayment councilReserve bankFinance ministry

Why the US wants to regulate the Buy Now, Pay Later (BNPL) industry

The US Consumer Financial Protection Bureau published a report detailing the consumer harms associated with the "rapidly growing" BNPL industry.

Rohit chopraPayment council of indiaUs consumer financial protection bureauDvara researchFederation of indian chambers commerceDigital lender association of indiaFinancial protection bureauPay laterReserve bankBuy nowGross merchandise volumeBig techFederal reserve systemPayment councilIndian chambersDigital lender association

RBI governor flags Big Tech concentration risks at Global FIntech fest

Shaktikanta Das, Governor of India's central bank, spoke on concentration of user data with Big Tech and new launches by RBI

Bharat billpay crossFintech festShaktikanta dasFintech convergence councilCustomers of punjab national bankPayment council of indiaIndian bankNational payments corporation of indiaUnion bankReserve bankGlobal fintechNational payments corporationPayment councilBig techForce multiplierNon resident indians

ONDC, UPI, AA Revolutionise Supply Chain: Nandan Nilekani

Infosys chairman Nandan Nilekani stated that tech innovations within India including the UPI, ONDC and AA will reorder Indian supply chain.

Nirmala sitharamanNarendra modiFintech festNandan nilekaniFintech convergence councilPayment council of indiaInternational financial services centres authorityGlobal fintech festBharat bill pay systemPayment councilSustainable financial worldReserve bankMinister narendra modiMinister nirmala sitharamanRupay credit cards

RBI committed to support innovation in fintech: Shaktikanta Das

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday the central bank is committed to support innovation in fintech sector while keeping in mind consumer protection.

Shaktikanta dasFintech convergence councilPayment council of indiaFintech departmentNational payments corporation of indiaReserve bankGovernor shaktikanta dasGlobal fintech festivalNational payments corporationPayment councilBharat bill payment systemStartup indiaDigital indiaIndia stackAccount aggregatorsEws india

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