RBI Not Planning Harsher Rules to Curb Fintech Sector After Paytm Strictures, Official Says

RBI Not Planning Harsher Rules to Curb Fintech Sector After Paytm Strictures, Official Says

ByNews Polite

India’s banking regulator doesn’t intend to impose drastic measures on the country’s fintech sector, a senior official said, weeks after it stunned investors by abruptly suspending much of the operations of Paytm Payments Bank, founded by high-flying billionaire Vijay Shekhar Sharma. There are “no harsher measures coming on fintech,” P….

Elon Musk to Upgrade X With Payment Features Soon; No Word on User-Requested Crypto Integration

Elon Musk to Upgrade X With Payment Features Soon; No Word on User-Requested Crypto Integration

ByNews Polite

Elon Musk recently disclosed his plans to add payments feature to the X app (formerly Twitter) by mid-2024. The multi-billionaire tech mogul has been working towards his goal of transforming X into an ‘everything app’ — prior to Musk’s takeover of the platform, Twitter was characterised as a microblogging platform….

RBI Seeks Public Opinion on Fees, Charges in Payments Systems: All Details

RBI Seeks Public Opinion on Fees, Charges in Payments Systems: All Details

ByNews Polite

The Reserve Bank on Wednesday sought views from the public on fees and charges in payment systems, with an aim to make such transactions affordable as well as economically remunerative for the entities involved. The payment systems include Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) system, Real Time…