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 …
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 …
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 …
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 …
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 …