Paytm Clarifies Licensing Process Status Amid Speculations, Says Govt Champions Fintech | Companies News

[ad_1] New Delhi: Fintech major Paytm on Tuesday clarified the status of its licensing process amid recent speculations, saying it has not received any communication suggesting a deferral or penalties and any notion to the contrary is “completely unfounded and misleading”. Recent media reports speculated on the deferral of Paytm Payment Services Limited’s (PPSL) license … Read more

RBI Releases Draft Framework For Fintech Sector Self-Regulatory Organisations | Markets News

[ad_1] Mumbai: The Reserve Bank of India (RBI) released a ‘draft framework for recognizing Self-Regulatory Organizations (SRO) for the FinTech Sector’ on Monday, outlining the characteristics of a FinTech SRO and including the required functions and governance standards. FinTechs are significantly reshaping the landscape of financial services by streamlining processes, improving accessibility, and reducing … Read more