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.<\/p>\n
Through EnFin, we bring these developments together so you can see what is shaping the fintech ecosystem today.<\/p>\n
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. 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. 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. The BHIM app now supports UPI payments up to \u20b95,000 without requiring a PIN, using biometric authentication instead. The feature is designed to enhance convenience while maintaining security for everyday transactions. Subsidy support for UPI and RuPay has declined to \u20b98,000 crore, creating cost pressure for fintech players. The shift may impact profitability and influence pricing strategies across the digital payments ecosystem. Sri Lanka is set to introduce UPI payment acceptance for Indian tourists, allowing seamless QR-based transactions. The move expands UPI\u2019s international presence and aims to simplify cross-border payments for travellers. A penalty of \u20b93.1 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. 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. 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. 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. 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. The Supreme Court has sought the government\u2019s response on concerns related to the DPDP Act. The case raises questions around data protection, user rights, and implementation of India\u2019s privacy framework. 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. Compensation norms for digital fraud losses have been increased to 85%, with a \u20b925,000 cap on first loss. The change is designed to improve customer protection while maintaining shared responsibility between users and financial institutions. 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\u2019s foreign exchange position. SEBI\u2019s income rose to \u20b92,713 crore in FY25, driven largely by settlement cases. The increase highlights the growing role of enforcement actions and compliance mechanisms in the regulator\u2019s overall revenue. NPCI has stated that UPI systems include multiple safeguards despite emerging fraud tactics such as \u2018digital lutera\u2019 scams. The response focuses on reinforcing trust while encouraging users to follow safe transaction practices.
\nOriginally posted by India Today<\/em><\/p>\n<\/span>Customs Duty Payments Go Digital With UPI and Card Integration on ICEGATE<\/span><\/h2>\n
\nOriginally posted by Financial Express<\/em><\/p>\n<\/span>Unified View of Payment Mandates Proposed to Improve User Control<\/span><\/h2>\n
\nOriginally posted by The Times of India<\/em><\/p>\n<\/span>BHIM Enables UPI Payments Up to \u20b95,000 Without PIN Using Biometrics<\/span><\/h2>\n
\nOriginally posted by The Economic Times<\/em><\/p>\n<\/span>Reduced UPI and RuPay Subsidy Increases Cost Pressure on Fintechs<\/span><\/h2>\n
\nOriginally posted by The Economic Times<\/em><\/p>\n<\/span>UPI Payments to Be Enabled in Sri Lanka for Indian Travellers<\/span><\/h2>\n
\nOriginally posted by The Economic Times<\/em><\/p>\n<\/span>Cashfree Penalised for Regulatory Non-Compliance<\/span><\/h2>\n
\nOriginally posted by The Economic Times<\/em><\/p>\n<\/span>Keki Mistry Named Interim Chairman of HDFC Bank<\/span><\/h2>\n
\nOriginally posted by People Matters<\/em><\/p>\n<\/span>SEBI Takes Action in Stock Manipulation Case, Bars 21 Entities<\/span><\/h2>\n
\nOriginally posted by Moneycontrol<\/em><\/p>\n<\/span>Simplified Nomination Rules Proposed to Ease Investor Processes<\/span><\/h2>\n
\nOriginally posted by The Economic Times<\/em><\/p>\n<\/span>Airport Lounge Access to Be Linked With Card Spending From April<\/span><\/h2>\n
\nOriginally posted by CNBC TV18<\/em><\/p>\n<\/span>Supreme Court Seeks Government Response on Data Privacy Law<\/span><\/h2>\n
\nOriginally posted by Mint<\/em><\/p>\n<\/span>Banks May Be Required to Compensate Digital Fraud Victims Under Draft Rules<\/span><\/h2>\n
\nOriginally posted by Moneycontrol<\/em><\/p>\n<\/span>Digital Fraud Compensation Raised to 85% With \u20b925,000 First-Loss Cap<\/span><\/h2>\n
\nOriginally posted by The Indian Express<\/em><\/p>\n<\/span>Rupee Weakens Toward Record Low Amid Rising Oil Prices<\/span><\/h2>\n
\nOriginally posted by The Hindu Businessline<\/em><\/p>\n<\/span>Settlement Activity Drives SEBI Income to \u20b92,713 Crore in FY25<\/span><\/h2>\n
\nOriginally posted by The Hindu Businessline<\/em><\/p>\n<\/span>NPCI Highlights Strong UPI Safeguards Amid Rising Fraud Concerns<\/span><\/h2>\n
\nOriginally posted by Financial Express<\/em><\/p>\n<\/span>CBI Investigates Online Fraud Linked to Overseas Fintech Platform<\/span><\/h2>\n