There has been a lot happening across fintech in recent weeks. Payments are growing, regulations are changing, and new systems are making financial services more accessible. Through EnFin, we bring these updates together so you can keep track of the developments shaping the ecosystem.<\/p>\n
Users can now access their CIBIL score directly through the BHIM payments app. The feature is aimed at improving credit awareness and giving users easier access to personal credit information within a widely used digital payments platform. Bharat BillPay has added Postal Life Insurance as an insurance biller. The integration expands bill payment options on the platform and makes premium payments more convenient for policyholders through digital channels. Lalita Sunita Narayan Nayak has stepped down from NPCI. The leadership change comes as NPCI continues to expand its role across domestic and international digital payments infrastructure. Recurring payments up to \u20b915,000 will no longer require additional OTP authentication under revised e-mandate norms. The change is expected to improve convenience for users while supporting smoother subscription and utility payments. India and South Korea have signed an MoU to enable UPI-based digital payments. The partnership is expected to improve payment convenience for travellers and businesses while expanding UPI\u2019s international footprint. Banks and fintech firms have opposed a proposal to introduce a time lag for high-value transactions. Industry participants say the move could disrupt payment experience, slow settlement efficiency, and affect confidence in real-time digital payments. SEBI has allowed companies to cut IPO sizes by up to 50% without refiling offer documents. The move offers issuers greater flexibility to respond to market conditions while reducing delays in public listing plans. The Department of Telecommunications and SEBI have signed an MoU to share data and strengthen early detection of telecom-linked financial fraud. The collaboration aims to improve coordination and protect consumers from emerging scam networks. Corporate law expert K V R Murty has been appointed as Whole-Time Member at SEBI. The appointment adds legal and governance expertise to the regulator\u2019s leadership as market oversight responsibilities continue to grow. Fresh branch authorisation guidelines for NBFCs have been introduced to simplify expansion while maintaining regulatory oversight. The framework is expected to improve operational flexibility for non-banking lenders entering new markets. IRCTC is expanding into payment aggregation with plans to build a \u20b91 trillion payments business. The move signals broader ambitions beyond ticketing, including government transactions and large-scale digital payment processing. Payment aggregators will now be required to use CKYCR for merchant onboarding. The move is aimed at standardising KYC processes, reducing duplication, and strengthening compliance across India\u2019s digital payments ecosystem. Cash payments at toll plazas will be discontinued from April 10, while UPI-based payments may attract charges 1.25 times higher. The change is intended to accelerate digital collections and streamline toll operations. EPFO 3.0 is expected to allow eligible members to withdraw provident fund balances through UPI. The move aims to improve convenience, reduce processing time, and modernise claims access for subscribers. TReDS onboarding norms have been simplified to help MSMEs convert invoices into quicker payments. The move is expected to improve working capital access and encourage wider participation in receivables financing platforms.
\nOriginally posted by TransUnion CIBIL<\/em><\/p>\n<\/span>Postal Life Insurance Added as New Biller on Bharat BillPay<\/span><\/h2>\n
\nOriginally posted by CNBC TV18<\/em><\/p>\n<\/span>Lalita Sunita Narayan Nayak Stepped Down From NPCI as Marketing Incharge – RuPay, NETC FASTAG, AePS<\/span><\/h2>\n
\nOriginally posted by Exchange4Media<\/em><\/p>\n<\/span>No OTP Needed for Recurring Payments Up to \u20b915,000 Under Updated Rules<\/span><\/h2>\n
\nOriginally posted by Mint<\/em><\/p>\n<\/span>India and South Korea Sign Pact for UPI-Based Digital Payments<\/span><\/h2>\n
\nOriginally posted by NDTV<\/em><\/p>\n<\/span>Banks and Fintechs Raise Concerns Over Proposed Delay in High-Value Transactions<\/span><\/h2>\n
\nOriginally posted by Moneycontrol<\/em><\/p>\n<\/span>Companies Can Reduce IPO Size by Up to 50% Without Refiling<\/span><\/h2>\n
\nOriginally posted by The Economic Times<\/em><\/p>\n<\/span>DoT and SEBI Partner to Detect Telecom-Linked Financial Fraud Earlier<\/span><\/h2>\n
\nOriginally posted by Press Information Bureau<\/em><\/p>\n<\/span>K V R Murty Appointed Whole-Time Member at SEBI<\/span><\/h2>\n
\nOriginally posted by The Economic Times<\/em><\/p>\n<\/span>New NBFC Branch Rules Issued to Support Easier Expansion<\/span><\/h2>\n
\nOriginally posted by Legal World Economic Times<\/em><\/p>\n<\/span>IRCTC Enters Payment Aggregation With \u20b91 Trillion Ambition<\/span><\/h2>\n
\nOriginally posted by ET Infra<\/em><\/p>\n<\/span>CKYCR Made Mandatory for Merchant Onboarding by Payment Aggregators<\/span><\/h2>\n
\nOriginally posted by Moneycontrol<\/em><\/p>\n<\/span>Cash Payments at Toll Plazas to End, UPI Charges Set Higher<\/span><\/h2>\n
\nOriginally posted by The Hindu<\/em><\/p>\n<\/span>EPFO 3.0 Enables PF Withdrawals Through UPI<\/span><\/h2>\n
\nOriginally posted by The Economic Times<\/em><\/p>\n<\/span>Simplified TReDS Onboarding to Help MSMEs Access Faster Payments<\/span><\/h2>\n
\nOriginally posted by The Hindu<\/em><\/p>\n<\/span>Payment System Rules Tightened Alongside Broader Regulatory Updates<\/span><\/h2>\n