RBI's Notifications to Fintech Over The Years

April, 2018

Bars banks from providing services to crypto entities.

Fintechs Impacted: CoinDCX, wazirx, etc Users Impacted 10 Mn

June, 2022

No more credit line on non-Bank PPIs

Fintechs Impacted: Zest, slice, BharatPe, kissht, etc Users Impacted 10 Mn

January, 2023

Bars SBM India from all transactions under LRS

Fintechs Impacted: Razorpay, Happay, etc Users Impacted 1 Mn

June, 2023

Directs PPI issuers to stop UPI in a cobranding arrangement

Fintechs Impacted: Muvin, Akudo, etc Users Impacted

September, 2023

Cancels PA license of Instamojo and others

Fintechs Impacted: Instamojo, Flexmoney, etc Users Impacted 3 Mn

January, 2024

Bars Paytm Payments Bank from providing any service.

Fintechs Impacted: Paytm Payments Bank, & Paytm Users Impacted 300 Mn

RBI Vs Paytm Payments Bank: Shockwaves In India’s Fintech Ecosystem