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RBI proposes norms for aggregators of loan products
7 months, 3 weeks ago

RBI proposes norms for aggregators of loan products

Deccan Chronicle  

FALAKNAAZ SYED Mumbai, April 26 The Reserve Bank of India on Friday said that lending service providers, acting as agents of banks, should provide a digital view of all the loan offers available with them to the borrower to help them make an informed decision. The central bank said that it has observed that many of the LSPs offer aggregation …

Rbi Lenders Shall Borrower Lsp Loan Products Loan Offer
RBI issues draft guidelines on payment aggregators | Check details
8 months, 1 week ago

RBI issues draft guidelines on payment aggregators | Check details

India TV News  

Aiming to boost the payment ecosystem, The Reserve Bank of India on Tuesday issued draft guidelines to further strengthen regulations on payment aggregators. "Given the growth in digital transactions and the significant role that PAs play in this space, the current directions on PAs are proposed to be updated and cover, inter alia, KYC and due diligence of merchants, operations …

Rbi Draft Kyc Pas Due Diligence Payment Aggregators Payment Transactions
RBI to unveil regulations for web aggregators of loan products
1 year ago

RBI to unveil regulations for web aggregators of loan products

Deccan Chronicle  

Mumbai: In a bid to safeguard borrowers interest, the Reserve Bank of India on Friday announced that it would soon lay down the regulatory framework for web-aggregation of loan products. The central bank also announced its plans to come out with a unified regulatory framework on connected lending for all the entities regulated by it. It has accordingly been decided …

Regulatory Loan Rbi Framework Lending Loan Products Walp
RBI’s nod to payment aggregators signals start of light-touch regulation
1 year, 10 months ago

RBI’s nod to payment aggregators signals start of light-touch regulation

Live Mint  

It is a measure of the rapid growth of digitization in India over the past few years, accompanied by that of fintechs providing innovative solutions and services, that India’s central bank had to move in with a regulatory framework to bring some of these non-banks under its ambit. Without a formal regulatory structure, India has had many payment aggregators and …

India Regulatory Pay Payment Rbi Aggregators Payment Gateways
Is ‘Travel Now, Pay Later’ a good option for your vacation?
2 years, 6 months ago

Is ‘Travel Now, Pay Later’ a good option for your vacation?

Live Mint  

Planning a last-minute summer holiday but don’t have enough savings to fund the trip? Some travel aggregators, such as MakeMyTrip and Expedia, have started offering a pay later financing option, commonly known as Vacation Now, Pay Later, at the time of booking checkout that allows customers to book the holiday without paying for it immediately. Vacation Now, Pay Later service …

Pay Pay Later
RBI wants you to memorise all your debit, credit card numbers, expiry and CVV | Here's why
3 years, 4 months ago

RBI wants you to memorise all your debit, credit card numbers, expiry and CVV | Here's why

India TV News  

Memorising 16-digits debit cards or credit cards numbers is a difficult task. All this to prevent online merchants, e-commerce websites, and payment aggregators to store the card details of a customer online or on their servers or databases. The revised regulations prevent payment aggregators, e-commerce websites and online merchants like Amazon to Flipkart to Google Pay to PayTM to Netflix …

India Netflix Bank Credit Card Online Payment Cards
Financial operations of Facebook, Google, Amazon regulated, RBI, Sebi tell HC
3 years, 10 months ago

Financial operations of Facebook, Google, Amazon regulated, RBI, Sebi tell HC

India TV News  

The RBI has informed the Delhi High Court that operations of techfin firms such as Facebook, Google and Amazon in India's financial sector space are being regulated under the relevant laws and they have been permitted to function only after necessary compliances. The Securities and Exchange Board of India has also said that it has constituted a Market Data Advisory …

India Financial Data Amazon Google Payment Rbi