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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.
Just months after it moved customers to its TrioTech wallet, the pocket money app would likely have to wind down its UPI offering by 30 June.
The National Payments Corporation of India, on the direction of the Reserve Bank of India, has asked prepaid payment instruments to wind down their UPI offerings on digital wallets where customers have been onboarded through co-branded partners by 30 June, according to an email communication sent by to all issuers of prepaid payment instruments on 26 June. The move comes as a huge blow to pocket money app FamPay.
NPCI’s UPI compliance team has asked to “discontinue any issuance of PPI wallet on partner/co-branded apps on UPI with immediate effect” to be completed by 30 June and communicated to the …
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
