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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The reluctance of both industries to bear the cost of the UPI infrastructure and the excessive power that banks wield in the regulatory ecosystem are deepening the divide
From new regulatory regimes in payments and digital lending to crackdowns on bad practices by a few firms, this year saw regulation and compliance take centre stage for the fintech industry. The new regulations, though well-meaning, have also led to tensions between fintechs and bankers. While fintech founders and bankers publicly display a “symbiotic relationship”, fissures lurk beneath the surface.
As disruptors of the banking system, fintechs and their cohorts of engineers have a grouse: For all their deposits and assets under management, bankers have been inefficient and only marginally improved the access to credit and other financial products despite …
The loan aggregator keeps sending updates on WhatsApp even to users who haven’t applied for a loan. The company is exploiting a grey area in India’s telecom regulatory framework and WhatsApp’s policies.
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
