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The Reserve Bank of India (RBI) has introduced two consultation papers with an aim of liberalising the county’s overseas investment regulatory stance.
India’s Enforcement Directorate has reportedly warned e-commerce giant Flipkart it could be faced with a $1.35bn fine for foreign investment law violations.
Juspay, an end-to-end payments platform, has released details of a cyberattack back in August 2020, which leaked non-sensitive masked card information.
The Indian government has added to its list of Chinese apps that are banned in the country because of cybersecurity concerns.
Indian regulators has given WhatsApp a thumbs up, allowing the Facebook-owned app to operate as a payment service in the country.
A top finance ministry official in India has called upon established financial service providers to be more open to collaborations with FinTech innovators.
Digital KYC solution IDfy has reportedly raised around $2.1m in funding to support its growth and expansion plans.
Competition Commission of India (CCI) has dismissed a case accusing WhatsApp of abusing its market dominance in the payment space.
Rana Kapoor, the co-founder and former CEO of Yes Bank, is facing money laundering charges and will be staying in custody until at least March 20, a court has decided.