Want to create an interactive transcript for this episode?
Podcast: In Focus by The Hindu
Episode: Has the new RBI circular impacted the fintech industry negatively?
Description: Late last month, the RBI came out with a circular that effectively barred non-bank issuers of prepaid payment instruments (PPI) from loading these instruments with credit. If you have a digital wallet, for example, you could only load it using the balance in your bank account or credit card. Non-bank providers will not be allowed to add funds that function as loans to you. This has created a flutter in the fintech industry whose captains feel the regulation may stifle financial reach and innovation.To help us with some perspectives today, we have with us Mr. G...