reserve bank of india

Jul

Crypto prospects look dim in India following Modi’s reelection

The government of Indian Prime Minister Narendra Modi is not known as a friend of the crypto community. With his recent reelection, virtual currency’s future in India, the world’s second most populous country and its soon-to-be No. 3 consumer market after the U.S. and China, looks uncertain at best. At…

Jun

India Payments Research

Paytm’s PPB becomes India’s first profitable digital payments bank

Paytm’s payments bank (PPB) has become India’s first profitable business of its kind, posting a net profit of Rs19 crore ($2.7 million) in fiscal year 2018-19. PPB says that it accounts for nearly a third of all mobile banking transactions in India and processes over Rs3 lakh crore worth of…

Apr

Asia Banking Research

India plans to establish a fintech regulatory sandbox

India’s fintech sector has surged over the past few years, with deal value reaching $2 billion in 2018. India now has more than 2,000 fintech startups, compared to less than 750 in 2014. Most Indian fintech startups are in the payments and lending segments, a boon for the subcontinent’s under-banked…

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