/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
When issuing an entirely new category of licences, the central bank acts as a competition regulator as well as a payments regulator.
Editor's note: Welcome to the first edition of the Fintech Weekly from The Morning Context. My name is Advait, and I’ll be writing this newsletter with my colleague Ashwin. I fundamentally believe that regulators are not just rule makers, but watchdogs and enforcers of those rules. They have biases, are often conflicted and have the power to pick winners and losers among businesses. In many cases, they can be more disruptive than the private sector firms they watch over. But one inherent aspect of regulators, which is largely not understood, is their power to create markets. Towards that end, the Reserve Bank of India is on a warpath to clean up India’s fintech industry after years of being allowed to operate without direct regulatory oversight. Legacy and shoddy companies will be killed, while only serious players with strong teams and a good track record on risk and security will be allowed to operate. One segment in the spotlight these past couple of weeks has been payment aggregators and payment gateways, or PA/PG in industry speak. We’ve all interacted with these companies every …
When issuing an entirely new category of licences, the central bank acts as a competition regulator as well as a payments regulator.
Editor's note: Welcome to the first edition of the Fintech Weekly from The Morning Context. My name is Advait, and I’ll be writing this newsletter with my colleague Ashwin. I fundamentally believe that regulators are not just rule makers, but watchdogs and enforcers of those rules. They have biases, are often conflicted and have the power to pick winners and losers among businesses. In many cases, they can be more disruptive than the private sector firms they watch over. But one inherent aspect of regulators, which is largely not understood, is their power to create markets. Towards that end, the Reserve Bank of India is on a warpath to clean up India’s fintech industry after years of being allowed to operate without direct regulatory oversight. Legacy and shoddy companies will be killed, while only serious players with strong teams and a good track record on risk and security will be allowed to operate. One segment in the spotlight these past couple of weeks has been payment aggregators and payment gateways, or PA/PG in industry speak. We’ve all interacted with these companies every …
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
High returns, RBI-regulated comfort, and easy withdrawals drew investors in. Now, with repayments drying up, the fintech platform, its NBFC partner, and the regulator are pointing fingers—leaving customers to chase their own money.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
High returns, RBI-regulated comfort, and easy withdrawals drew investors in. Now, with repayments drying up, the fintech platform, its NBFC partner, and the regulator are pointing fingers—leaving customers to chase their own money.
