FINTECH NEWSLETTER: UNVEILING INDIA’S LATEST LEGAL SHIFTS AND MARKET WAVES

The month of December 2023 saw several regulatory measures in the fintech space. While the Financial Intelligence Unit-India’s crack down on offshore cryptocurrency platforms made the headlines, we also witnessed other key developments like the introduction of a new regulatory framework for Government Security Lending, consolidation of Internal Ombudsman Schemes and launch of UPI beta phase in the secondary market, and finally, the RBI giving final authorisations to certain Payment Aggregators! In this issue of the fintech newsletter, INDUSLAW's Namita Viswanath, Sarthak Doshi, Abhijit Chakrabarti and Himangini Mishra discuss these key developments in the fintech sector and highlight other updates impacting the Indian fintech market.