FinTech in India Current Affairs, GK & News

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 ..


The Andhra Pradesh government tied up with VISA for Vizag Digital Dhan Sankalp (VDDS) project

The Andhra Pradesh government has tied up with financial services company Visa for Vizag Digital Dhan Sankalp (VDDS) project, which is an initiative to develop Visakhapatnam into India’s first ‘less cash’ city as well as a Fintech valley. In collaboration with Visa, the state government will make efforts to enable digital payments to educational institutions, ..