We are almost there ...
RBI can’t wish away fintechs from UPI just yet
The central bank is worried about banks not doing enough to boost their market share vis-a-vis fintechs, but there is little incentive for private sector lenders to up their UPI game.
13 December, 2022•7 min
0
13 December, 2022•7 min
0
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
Limited time offer $125 $99 for 1 year
SUBSCRIBE
Already have an account? Sign In
More in Internet
Internet
M2P Fintech to acquire AI startup Mad Street Den
After raising over $50 million, Mad Street Den is being sold at $10-15 million.
You may also like
Internet
Is the worst over for Paytm?
Vijay Shekhar Sharma has focused on improving compliance, cutting costs and recovering market share after the RBI shut down his payments bank last year. The fintech major is yet to recover to its earlier highs, but its turnaround is gathering momentum.
Tech
Post-IPO MobiKwik is walking on a knife’s edge
It reported losses in Q2 and Q3, its financial services business is reeling and its payments business is growing but earning less. The Gurugram-based fintech needs a turnaround.
Internet
LenDenClub is flouting RBI rules to run its business
The P2P lending platform is the only one that is still doing substantial business after the central bank tightened the rules last August, virtually shutting down the sector. It has carried on as though the new rules don’t exist.