Tag: fintech firms
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Need to remain alert about financial service innovations: RBI – Times of India
[ad_1] MUMBAI: RBI deputy governor M Rajeshwar Rao said Saturday that technology and innovations can expand product offerings and financial services to underserved segments at lower costs, but the entry of new players, especially fintech firms, can alter the financial service provider landscape.This can bring new challenges by influencing market concentration and competition dynamics, he…
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Paytm gets nod to continue UPI via State Bank of India, three others
[ad_1] The National Payments Corporation of India (NPCI) on Thursday allowed One97 Communications (OCL), which operates brand Paytm, to function as a third party application provider (TPAP) on Unified Payments Interface (UPI). Four banks — State Bank of India (SBI), Axis Bank, HDFC Bank, and YES Bank — will act as payment service…