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Govt may red flag DeepSeek; The B2B payments comebackHappy Tuesday! The government plans to warn users about DeepSeek over data privacy and cyber security risks. This and more in today’s ETtec...- B2B fintech companies hop on Bharat Connect to get back in businessFintech startups like EnKash and PayMate are adapting to RBI's card payment ban by using the Bharat Connect platform, offering standardised...
- 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...
- RBI restriction unlikely to dent card companies profitsMacquarie Capital stated in a report that the Reserve Bank of India's (RBI) directive to prohibit card networks from facilitating non-bank ...
- RBI's restrictions card network will reduce volumes but not hit profits of banks' card businessAccording to banks, the value of transactions in these cards is high, but since they do not attract the same level of fees (merchant discou...
- Paytm loses out on Fastag; IT hiring slows amid increased scrutinyThe move is aimed at ensuring that millions of Paytm Fastag users do not face any hassle while using toll roads after the cut-off date, peo...
- Here’s why RBI placed B2B card pay on full holdBesides the card schemes, even banks which offer commercial credit cards have been asked to halt these payments as well. "I am told that th...
- Card-based business payments violated Payment and Settlement Systems Act, 2007: RBIOn February 14, ET wrote that fintech startups like EnKash, Paymate and others have been instructed by card network Visa to stop offering b...
- Card networks seek clarity from RBI on compliance lapses in card-based B2B paymentsThis comes on the back of a recent instruction from the RBI asking these companies to halt usage of these payment instruments for business ...
- Visa, Mastercard stop business payments via commercial cards post RBI instructionsIndustry sources indicate that flow of money through commercial card route towards non-KYC-ed merchants is something that irked the regulat...
- Zomato, Stripe secure final RBI nod for online payment aggregatorZomato, in a stock exchange filing, said it will operate the online payment aggregator through its wholly-owned subsidiary Zomato Payments ...
- 2024: How the fintech industry will learn to live a regulated lifeFor Razorpay and Cashfree, Christmas came a week early, as after a year of being under embargo from the RBI, which halted new merchant onbo...
- ETtech Explainer: The headlong rush for a payment aggregator licenceWhat does this payment aggregator licence mean? And why is it so significant for payment companies? ET explains.
- After a year of regulatory ban, Razorpay, Cashfree secure RBI nod for payment aggregator businessUPI payments giant Google Pay, Mumbai-based expense management platform Enkash, payment gateway company Paymentz and Bengaluru-based neo ba...
- EnKash gets RBI nod to operate as payment aggregator"The milestone also underscores our commitment to providing seamless, innovative, and reliable payment solutions, further solidifying our p...
- SBM Bank blocks its corporate credit cards till KYC info is updatedThe block was implemented from the midnight of March 31 following which customers have not been able to transact with these cards, these pe...
- RBI asks PayU India to reapply for payment aggregator licenceThe fintech firm’s complex corporate structure was one reason why RBI asked it to reapply
- RBI grants in-principle approval for payment aggregator licence to EnKashFounded in 2018, EnKash claims to have assisted 1 lakh businesses to digitise and decentralise their corporate payments.
- Fintech startups apply for NBFC licence as lending pays off bigSeveral fintech players say their growing expertise in underwriting loans through a stack of customer data can help them evolve into primar...
- Credit card usage rides on digital push, grows 27%Users spent around Rs 6 lakh crore using credit cards in 2018-19, up 30% from a year ago.
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