Thursday, June 30, 2022

Curbs on E-Wallet lending signal more regulatory tightening: Fitch

The RBI’s clarification that prepaid payment instruments (PPI) - a licensing category that includes e-wallet operators in India - can only be loaded via cash, bank accounts and credit cards issued by regulated entities does not prevent digital finance platforms from offering loans backed by banks and other non-bank financial companies.

from Banking/Finance-Industry-Economic Times https://ift.tt/TGS4FVx

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