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RBI’s auto debit rule could cause tax woes for fintech startups Mumbai: The Reserve Bank of India's (RBI) auto debit rule could bring tax complications for fintech companies that have set up platforms for banks to integrate with a common e-mandate platform to ensure compliance. Fintech companies run the risk of attracting a 2% equalisation
In a move it says is set to “boost the transition towards a cashless economy and support the national digitalisation agenda”, UAE operator du has announced the launch of du Pay, offering what it calls transformative fintech solutions for UAE residents.
The company, formerly known as Square, now building a full bitcoin mining system.
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