Financial technology: GK, Current Affairs, Questions, Trivia and News

BharatPe wins DigiDhan Mission Fintech Award 2018-2019

BharatPe, India’s largest merchant fintech company, has won the DigiDhan Mission Fintech Award 2018-2019 for ‘Innovation in Digital Payments through Emerging Technology’ at the MeitY Startup Summit 2019 held in Delhi. The award was presented by Chief Guest, Shri Ravi Shankar Prasad, Minister of Communication, Electronics & IT and Law & Justice.

Steering Committee on Fintech-related issues suggests new laws for consumer protection

The Steering Committee on fintech-related issues has recommended a new legal framework for consumer protection and has also suggested new cash flow-based financing options for micro, small and medium enterprises. What has happened? A new panel established to explore issues related to the financial technology (fintech) has submitted a report to the Finance Minister of ..

Subhash Chandra Garg heads Cryptocurrency panel that proposes ban on private digital currencies

The Inter-Ministerial Committee (IMC) set up to look into the legality of cryptocurrencies and blockchain has recently submitted its report to the Finance Ministry and recommended that private cryptocurrencies be banned completely in India. It has also drafted a law, the ‘Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019’, which mandates a ..

BuyUcoin has launched 1st Indian Platform for Wholesale Cryptocurrency Trading

2nd oldest Cryptocurrency Exchange company in India, BuyUcoin has launched a new and unique platform for wholesale cryptocurrency trading. This wholesale platform works on ‘free trading model’ which means it charges zero free on any trade. The platform also known as OTC (Over-the-counter) Desk allows users to trade on a large scale with low price ..

RBI to set up a regulatory sandbox for Fintech startups

To promote innovation in FinTech space, the Reserve Bank of India (RBI) has decided to set up a Regulatory Sandbox for Fintech Startups. The central bank will issue guidelines within two months for fintech companies to test their new products on a small group of users before scaling up. The sandbox will enable fintech companies ..

NITI Aayog organizes FinTech Conclave 2019

The Financial Technology (Fintech) Conclave has been organized by NITI Aayog in New Delhi and was inaugurated by Reserve Bank of India (RBI) Governor Shaktikanta Das. The objective of the conclave is to shape India’s continued ascendancy in FinTech, build the narrative for future strategy and policy efforts, and to deliberate steps for comprehensive financial ..

RBI committee under chairman ship to deepen digital payments

The Reserve Bank of India (RBI) has recently appointed 5-member committee under the chairmanship of Nandan Nilekani to further deepen digital payments and enhance financial inclusion through Fintech. The panel would assess the current levels of digital payments in financial inclusion, suggest measures to strengthen the safety and security of digital payments, provide a road ..

FinTech Conclave to be commenced in New Delhi

NITI Aayog is organising a FinTech Conclave at Dr. Ambedkar International Center, New Delhi today. The Conclave will be inaugurated by RBI Governor Shaktikanta Das. The motive of the conference is to shape India’s continued ascendancy in FinTech, build the narrative for future procedure and policy efforts, and to deliberate steps for complete financial inclusion. ..