[ad_1] The National Payments Corporation of India (NPCI) on Thursday allowed One97 Communications (OCL), which operates brand Paytm, to function as a third party application provider (TPAP) on Unified Payments Interface (UPI). Four banks — State Bank of India (SBI), Axis Bank, HDFC Bank, and YES Bank — will act as payment service … Read more
[ad_1] Personal loans disbursed by fintech companies have seen a steady increase since 2018, a report by Fintech Association for Consumer Empowerment (FACE) shows. The volume of personal loans disbursed by fintech companies increased from 1.1 million in first six months of financial year 2018-19 (H1 FY19) to 41.6 million in first six months … 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