India's central bank ban on loading non-bank prepaid payment instruments using credit lines has created panic among Indian fintech startups
TechCrunch Manish Singh
Related Coverage
- India proposes tougher IT outsourcing rules for banks Finextra
- Payments Council seeks government help post RBI's fintech order The Economic Times
- Here's The List Of India's Most Active Fintech Investors For Startups Inc42 Media
- Card-based fintech in dire straits with PPI lending ban The Economic Times
- RBI stops non-bank PPI issuers from loading wallets, cards via credit lines The Hindu
- RBI eyes BNPL norms, to rope in fintechs amid concerns over cards by non-bank PPI issuers to extend short-term loans The Indian Express
- Fintech firms seek six month-extension to comply with RBI credit line norms Business Standard
- Fintech PPIs need regulation, not a ban Livemint
- Ashneer Grover Criticizes RBI's Mandate For Non-Bank PPIs TechStory
- Fintech players seek at least 1 year sunset clause on RBI directive on credit lines by PPI issuers Business Today
- RBI circular leaves fintech firms dazed and confused The Economic Times
- PPI-credit ban: EarlySalary, Jupiter, OlaMoney suspend some services; Paytm Postpaid hit YourStory.com
- Indian fintechs request central bank to treat full-KYC PPI same as bank account to survive crackdown TechCrunch
- RBI stance on fintech has government backing The Economic Times
- How One RBI Notification Broke India's Fintech Dream Inc42 Media
- Explainer: Why RBI is not okay with fintech PPIs' credit lines from non-banks VCCircle
Discussion
-
@ettech
@ettech
on x
Fintech firms such as Jupiter, EarlySalary and KreditBee have temporarily stopped customers from making any transactions on their prepaid cards, after the RBI recently banned the industry from loading credit lines on PPIs. By @Ta_rush https://economictimes.indiatimes.com/ ...
-
@ashneer_grover
Ashneer Grover
on x
Not allowing loading of pre paid instruments through credit is aimed at protecting bank's lazy credit card business from Fintech's potent BNPL business. It's a flex move by banks - rent seeking. But market is market and regulation will eventually come around to what market needs.