[ad_1] Premium Girish Krishnan, Director – Payments, Rewards & Merchant Services, Amazon Pay Amazon Pay is ramping up its partnership with the top 20 brands in the country as it scales its ‘Smart Stores’ service, a senior executive from the firm said. “We could have launched Smart Stores at a higher velocity but … Read more
[ad_1] Illustration: AJAY MOHANTY The recent regulatory action by the Reserve Bank of India (RBI) against Paytm Payments Bank has created significant unease in the system, particularly in the fast-growing fintech business. In this context, our lead editorial notes that although it is likely that fintechs are reaching consumers who were hitherto excluded from the … Read more
[ad_1] The Reserve Bank of India (RBI) is developing a platform to facilitate the flow of digital information to financial sector players to enable ‘frictionless credit’. The pilot of this platform, known as a Public Tech Platform for Frictionless Credit (PTPFC), commenced on August 17 last year. How does the platform work? … Read more
[ad_1] Fintech firms and their investors were given a foretaste of that stricter approach last month when the central bank ordered sector giant Paytm to wind down its banking unit due to, what it termed, persistent non-compliance with regulations | Photo: Bloomberg From hiring analysts to scrutinise customer data to holding frequent meetings with … Read more