With RBI’s final PA authorisation, Paysharp is part of Indi’s Payment System, it helps Paysharp to extend to more merchants. Paysharp is one of authorised Payment Aggregator from Tamil Nadu
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The ULI pilot program was initiated last year by the RBI to facilitate seamless credit access. Based on insights gained from this pilot, the RBI has opted to implement ULI on a broader scale
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The fines on Ola Financial Services are part of a broader action by the RBI, which also imposed penalties on Visa Worldwide and Manappuram Finance for similar regulatory breaches
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The company recorded 23 per cent share in the total value of financial transactions through PPI Wallet in May 2024
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A separate unit, Paytm Payments Bank, is facing problems by order of the central bank due to persistent non-compliance triggering a meltdown in Paytm's stock
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The startup is backed by notable investors such as Tiger Global, Peak XV, and Matrix Partners
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