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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 RBI’s circular has led to some firms stopping pay later services, others to consider pivots and a few brazening it out in the hope of getting the regulator to blink.
In seven days, India’s buy now pay later, or BNPL, sector seems to have gone through the seven stages of grief. There’s been shock, pain, anger, bargaining, depression, hope and acceptance, in varying degrees, in every corner of the industry.
The bad news came last Monday, in the form of a circular from the Reserve Bank of India, prohibiting non-bank prepaid payment instrument operators from loading their wallets or cards with any line of credit. We wrote about this circular and its implications.
A prepaid instrument, as the name suggests, is a card or digital wallet in which customers …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
