Over the past few weeks, we have seen a lot happening across fintech. Payments are expanding globally, digital adoption is reaching deeper segments, and regulatory oversight is becoming more structured. At the same time, concerns around fraud, compliance, and user protection are gaining more attention.
Through EnFin, we bring these developments together so you can see what is shaping the fintech ecosystem today.
Mutual Fund Gifting May Be Enabled Through Prepaid Instruments
A proposal could allow mutual fund units to be gifted using prepaid payment instruments. The move aims to make investing more accessible and introduce a new distribution channel, enabling users to gift financial products in a simpler, more structured way.
Originally posted by India Today
Customs Duty Payments Go Digital With UPI and Card Integration on ICEGATE
A payment aggregator has been introduced on ICEGATE, enabling customs duty payments through UPI and cards. The initiative is expected to simplify payment workflows, reduce manual steps, and improve efficiency in trade-related financial transactions.
Originally posted by Financial Express
Unified View of Payment Mandates Proposed to Improve User Control
Payment providers may be required to offer a single dashboard showing all active mandates. The move is aimed at improving visibility, helping users track recurring payments easily, and reducing disputes linked to auto-debits.
Originally posted by The Times of India
BHIM Enables UPI Payments Up to ₹5,000 Without PIN Using Biometrics
The BHIM app now supports UPI payments up to ₹5,000 without requiring a PIN, using biometric authentication instead. The feature is designed to enhance convenience while maintaining security for everyday transactions.
Originally posted by The Economic Times
Reduced UPI and RuPay Subsidy Increases Cost Pressure on Fintechs
Subsidy support for UPI and RuPay has declined to ₹8,000 crore, creating cost pressure for fintech players. The shift may impact profitability and influence pricing strategies across the digital payments ecosystem.
Originally posted by The Economic Times
UPI Payments to Be Enabled in Sri Lanka for Indian Travellers
Sri Lanka is set to introduce UPI payment acceptance for Indian tourists, allowing seamless QR-based transactions. The move expands UPI’s international presence and aims to simplify cross-border payments for travellers.
Originally posted by The Economic Times
Cashfree Penalised for Regulatory Non-Compliance
A penalty of ₹3.1 lakh has been imposed on Cashfree for non-compliance with regulatory requirements. The action reflects continued scrutiny of payment aggregators and reinforces the importance of adherence to operational and compliance standards.
Originally posted by The Economic Times
Keki Mistry Named Interim Chairman of HDFC Bank
Keki Mistry has been appointed as interim chairman of HDFC Bank following the exit of Atanu Chakraborty. The leadership transition comes as the bank continues to navigate regulatory oversight and governance continuity.
Originally posted by People Matters
SEBI Takes Action in Stock Manipulation Case, Bars 21 Entities
SEBI has barred 21 entities in a stock manipulation case and imposed monetary penalties. The move highlights ongoing efforts to strengthen market integrity and take action against unfair trading practices.
Originally posted by Moneycontrol
Simplified Nomination Rules Proposed to Ease Investor Processes
New proposals aim to simplify nomination rules by reducing documentation and making claims easier for investors. The changes are intended to improve ease of access and reduce friction in asset transfer processes.
Originally posted by The Economic Times
Airport Lounge Access to Be Linked With Card Spending From April
Access to airport lounges will be tied to minimum card spending thresholds from April. The change is expected to rationalise benefits and align them more closely with customer usage patterns.
Originally posted by CNBC TV18
Supreme Court Seeks Government Response on Data Privacy Law
The Supreme Court has sought the government’s response on concerns related to the DPDP Act. The case raises questions around data protection, user rights, and implementation of India’s privacy framework.
Originally posted by Mint
Banks May Be Required to Compensate Digital Fraud Victims Under Draft Rules
Draft rules propose mandatory compensation for victims of digital banking fraud, placing greater responsibility on banks. The framework aims to strengthen consumer protection and ensure faster resolution of fraud-related losses.
Originally posted by Moneycontrol
Digital Fraud Compensation Raised to 85% With ₹25,000 First-Loss Cap
Compensation norms for digital fraud losses have been increased to 85%, with a ₹25,000 cap on first loss. The change is designed to improve customer protection while maintaining shared responsibility between users and financial institutions.
Originally posted by The Indian Express
Rupee Weakens Toward Record Low Amid Rising Oil Prices
The rupee moved closer to a record low as rising crude oil prices added pressure on the currency. The trend reflects external vulnerabilities and ongoing global volatility impacting India’s foreign exchange position.
Originally posted by The Hindu Businessline
Settlement Activity Drives SEBI Income to ₹2,713 Crore in FY25
SEBI’s income rose to ₹2,713 crore in FY25, driven largely by settlement cases. The increase highlights the growing role of enforcement actions and compliance mechanisms in the regulator’s overall revenue.
Originally posted by The Hindu Businessline
NPCI Highlights Strong UPI Safeguards Amid Rising Fraud Concerns
NPCI has stated that UPI systems include multiple safeguards despite emerging fraud tactics such as ‘digital lutera’ scams. The response focuses on reinforcing trust while encouraging users to follow safe transaction practices.
Originally posted by Financial Express
CBI Investigates Online Fraud Linked to Overseas Fintech Platform
The CBI conducted raids across multiple locations in connection with an online fraud linked to an overseas fintech platform. The investigation highlights increasing cross-border dimensions of digital financial crime.
Originally posted by Hindustan Times
UPI Sees Growing Adoption Among Rural Women for Daily Payments
A survey shows that 38% of women in rural and semi-urban areas use UPI weekly, mainly for everyday expenses. The trend highlights increasing digital payment adoption beyond urban centres, driven by ease of use and growing access to mobile-based financial services.
Originally posted by Outlook Money
SEBI Introduces 50% Cap on Mutual Fund Portfolio Overlap
SEBI has proposed a 50% cap on portfolio overlap across mutual fund schemes to improve differentiation and reduce duplication. The move could lead to portfolio restructuring or scheme mergers, aiming to ensure clearer investment strategies and better transparency for investors.
Originally posted by Financial Express
Taranjit Singh Sandhu Appointed as Delhi Lieutenant Governor
Former diplomat Taranjit Singh Sandhu has been appointed as the Lieutenant Governor of Delhi. The leadership change comes at a time when policy direction and administrative coordination remain key for governance in the capital.
Originally posted by Hindustan Times
That brings this edition of EnFin to a close. Fintech continues to evolve across payments, regulation, and infrastructure, with steady progress on multiple fronts. We will keep tracking these developments and bringing them together in the weeks ahead.
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