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FACE applies to RBI to become self-regulatory organisation for digital lending : Rashtra News #FACE #applies #RBI #selfregulatory #organisation #digital #lending Another industry body, Digital Lenders’ Association of India, which has over 80 members with $5-6 billion in annual disbursements, is also active in the space. Industry body Fintech Association for Consumer Empowerment (FACE) on

This marks the first time that the UPI system will be used in Europe, after its successful implementation in Singapore. UPI will be available for usage for Indian tourists as well as NRIs soon in France.

RBI’s Recurring Payments Guidelines continue to disrupt the ease of doing business in India, impacting the subscription economy

After the central bank tightened its digital lending guidelines in September, fintech companies have started to acquire small NBFCs or seek NBFC licences.

The move may push many digital lenders to apply for NBFC licences. While the crowded retail lending segment faces overleveraging risk with the entry of more players, the MSME space stands to benefit