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The Reserve Bank of India is tightening its grip on cobranded credit cards, a recently booming sector. This stricter scrutiny aims to prevent unregulated entities from gaining backdoor access to the credit card industry.
Happy Monday! Homegrown investment fund A91 Partners is once again upping the size of its latest India-dedicated fund, per sources in the know. Details of this and more in todays super packed ETtech Morning Dispatch.
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Most fintech players believe that crackdown on Paytm Payments Bank is a setback, albeit temporary, and does not encapsulate the state of affairs of the industry. They also assert that the UPI’s success story is yet not ripe, and has several more milestones to achieve