Developments in the FinTech sector – Twenty-sixth Edition (January – March 2025)

In this edition of the FinTech Newsletter, we cover key regulatory developments from the Reserve Bank of India, including its proposal to implement additional factor of authentication for international card-not-present transactions, a new penalty and compounding framework under the Payment and Settlement Systems Act, 2007, and a fresh push for self-regulation in the account aggregator ecosystem. We also highlight quick updates on exclusive domain names for financial entities, upcoming changes to digital payment mechanisms, and new payment aggregator licenses.

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