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PPI LICENCE
RBI's new draft guidelines have digital wallets feeling the pinchFounders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the curren...- Paytm Payments Bank licence cancellation: Jefferies, Bernstein and Goldman decode impactPaytm shares fell 8% after RBI cancelled Paytm Payments Bank’s licence but recovered sharply as brokerages stayed bullish. Analysts see lim...
- Paytm shares crash 8% as RBI cancels Paytm Payments Bank's banking license. What lies ahead?Shares of One 97 Communications, the driving force behind Paytm, have taken a hit following the Reserve Bank of India's unexpected move to ...
- RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upsideThe RBI has cancelled Paytm Payments Bank's license due to regulatory non-compliance, citing detrimental operations and prejudiced manageme...
- RBI fines Pine Labs Rs 3.1 lakh for KYC lapses on prepaid payment instrumentsThe move follows a statutory inspection of the fintech’s operations conducted between July 2024 and May 2025. The RBI clarified that the ac...
- Cred receives payment aggregator licence from RBIFintech startup Cred has received RBI authorisation to operate as a payment aggregator, allowing it to onboard merchants, collect payments,...
- Revolut gets RBI nod for PPIs, walletsRevolut India already holds licences to function as a Category-II Authorised Money Exchange Dealer (AD-II), and to offer multi-currency for...
- Mobile wallets make a big comeback as numbers returnMobile wallets are regaining traction in India. Global fintechs like Revolut and Tide are seeking licenses, while domestic players are ente...
- Cashfree Payments receives prepaid payment instrument licence from RBIThe company had in July obtained the payment aggregator cross-border licence, enabling transactions for imports and exports. It came after ...
- Neobanking startup Jupiter gets RBI nod for mobile wallet licenceNeobanking startup Jupiter, backed by Tiger Global and Peak XV Partners, secures a prepaid payments instrument licence from the RBI to offe...
- NPCI cracks down on unregulated co-branding deals by PPIsIn a note, the NPCI has asked PPI issuers to stop such services with immediate effect and close down existing wallets by June 30
- Card fintech company Slice receives prepaid pay licence from RBIFintech platform Slice to open minimum KYC PPI accounts for teens as it looks to widen its user base, say sources. The licence is also in l...
- MSwipe gets RBI-nod on payment aggregator licenceMSwipe plans to launch its own payment gateway (PG) services pan-India over the next three months, chief executive Ketan Patel told ET.
- PayU wants to give up PPI licences, consumer walletsCEO Amrish Rau said the company was not very keen on pushing forward its consumer-facing business.
- Digital wallet companies wait for RBI normsTop executives of the payments industry met the regulator and voiced their responses to the suggestions and are now waiting for the final m...
- PayPal seeks licence to enter competitive mobile wallet space in IndiaPayPal's move comes even as the company has been evaluating multiple investments and acquisitions of wallet players in the country.
- Amazon has licence to fight rivals on wallet turfThe Reserve Bank of India has issued the licence, effective as on March 22, in the name of Amazon Online Distribution Services.
- RBI issues draft master circular for revised PPI normsThe regulator has also proposed making PPIs interoperable across the banking system but only after the entity meets all the regulatory crit...
- RBI's mobile wallet interoperability faces a few hurdlesWallets had been given licence according to very relaxed net worth criteria, which allowed a huge flux of players to get into the market.
- RBI calls for strengthening of business correspondent modelReserve Bank of India has called for the strengthening of the business correspondent model to improve quality delivery of financial service...
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