RBI’s ban on SBM Bank’s foreign exchange transactions hurts fintech firms
Credit: Reuters Wealthtech startups Vested Finance and IndMoney have been affected after the Reserve Bank of India (RBI) barred SBM Bank (India) Ltd from making outgoing...
Tagged: SBM Bank
slice: ‘Card fintech company Slice receives prepaid payments license from RBI’
Card fintech platform Slice has received a prepaid payment instrument (PPI) license from the Reserve Bank of India, multiple people aware of the matter told ET....
slice: ‘Card fintech company Slice receives prepaid payments license from RBI’
Card fintech platform Slice has received a prepaid payment instrument (PPI) license from the Reserve Bank of India, multiple people aware of the matter told ET....
The curious case of SBM Bank and how it became a fintech darling
In June, after the Reserve Bank of India (RBI) issued a letter to all non-bank PPI (prepaid instrument or wallet) licensees advising that PPIs cannot be...