FM to meet heads of fintech firms next week; compliance on agenda
Financial Express Mumbai|February 21, 2024
FINANCE MINISTER NIRMALA Sitharaman will meet the heads of prominent fintech firms, including payment apps and loan apps, on Monday with a view to addressing their concerns following the curbs imposed by the Reserve Bank of India (RBI) on Paytm Payments Bank (PPBL) and urge them to comply with the relevant regulations.
PRASANTA SAHU
FM to meet heads of fintech firms next week; compliance on agenda

"The minister will likely meet not just (heads of) payments banks but the broader fintech sector players," an official said. However, PPBL is unlikely to be invited to the meeting.

The minister would likely ask startups, including payments banks, to follow the norms prescribed by the RBI to safeguard customer interests.

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