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LAZYPAY STOPS BNPL
Prepaid card numbers crash; Tech Mahindra CEO bats for free spectrumUntil May, fintech companies were issuing five to seven lakh prepaid cards a month to customers. But in June the RBI barred non-banks from ...
19 Jul, 2022, 07.30 AM IST
Important to understand RBI objective, we remain well capitalised: Slice CEO BajajBajaj's note comes after a circular from the Reserve Bank of India (RBI) last month sent the fintech industry into a tizzy.
08 Jul, 2022, 08.02 PM IST
ED summons crypto execs; startup valuations drop sharplyED has issued notices to a few crypto firms and summoned their top executives as it probes alleged violations of India’s foreign exchange l...
06 Jul, 2022, 07.19 AM IST
Twitter sues Indian govt; ED raids Vivo offices in money-laundering caseLast week we reported that the Indian government had given Twitter until July 4 to heed its takedown requests or lose immunity from prosecu...
05 Jul, 2022, 07.45 PM IST
LazyPay stops buy-now-pay-later payment product amid PPI concernsLazyPlus UPI had stopped onboarding new users last year as banking partners pulled out of the arrangement.
05 Jul, 2022, 06.22 PM IST
LazyPay updates terms to comply with RBI orderThe buy-now-pay-later (BNPL) service asked customers in a message on Thursday to accept the terms, failing which all transactions would be ...
30 Jun, 2022, 08.24 PM IST
Why India is no fan of buy now, pay later planThe RBI doesn’t have a problem with 90-second credit. The regulator was even willing to let nonbank finance companies, or NBFCs, retain the...
28 Jun, 2022, 07.05 AM IST
Card-based fintech in dire straits with PPI lending banSome partner banks of these card-based fintech firms may also stop supporting their bank PPIs to these platforms after seeking a clarificat...
23 Jun, 2022, 05.14 PM IST
Fintechs to ping ministry and RBI, but new rule has govt’s supportIn a one-page circular, issued on Monday, RBI had directed all non-bank pre-paid payment instruments (PPIs) to stop loading credit lines on...
23 Jun, 2022, 07.27 AM IST