“LazyPay platform is looking to change its ‘LazyCard’ offering from a prepaid card to a credit card, and reissue them to the customers to comply with the RBI’s directives.”
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Successful overseas forays by NPCI would give India a home-grown alternative to SWIFT 
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Some interesting figures as usual!
“CRED, which processed a paltry 13.4 Mn transactions, took the fourth spot in terms of the net value of transactions processed at INR 17,583.25 Cr.” 
PhonePe & Google Pay Process 83% Of UPI Transaction Value In June
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“RBI defines PAS as entities that facilitate e-commerce sites and merchants to accept various payment instruments from the customers for completion of their payment obligations, without the need for merchants to create a separate payment integration system of their own.”
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The central bank’s new guidelines for the BNPL segment will not only regulate the sector and also, reshape it altogether.
This thread is solely for fintech related news.
Please don’t spam here.
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Flagged!
Also, a request to others in here. Do flag comments when you find it spammy or even off-topic. There are moderators, including @Shawnpinto to do the needful.
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“The programme will serve as a platform to build leaders of tomorrow, who are capable to manage the growing digital payment user-base and will further bring technological reforms to the financial ecosystem, said NPCI.”
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Our platform auto-detected it as spam. His post has been taken care off :ban:
Pssst. Thor was here 
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As expected! 
An explainer on why the RBI extended an in-principal approval to a select few payment aggregators An explainer on the Payment Aggregator business
Payment apps that use the UPI feature can collect users’ location data only with their consent, the National Payments Corporation of India (NPCI) stated in a circular on July 5.
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Grabs Popcorn 
Here’s Reedseer’s report throwing some interesting insights into the nascent neobanking space in India Neobanking in India The Matrix Upgraded
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Tata Neu, the super app from the Tata group, has been downloaded by over 7 million users within seven weeks of its launch.
@Binoy. Have u tried it? How good is tata neu.
I used it when it was invite only and had lot of bugs and too much email spamming.
How is it now
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Improved a lot, but miles to travel for that true super app status. The included Tata web apps are loading much faster now, with few rough edges here and there though.
And, yeah even I hate those spam messages. More than that, them creating accounts on their various services without proper user consent or disguisedly in a cheeky way.
Really nice content.