NASSCOM Fintech Policy Roundtable on MDR and Digital Payment Adoption | 17th January in Mumbai


Dear Members, Over the last few days, major developments have taken place pertaining to the zero MDR announcement, such as: Businesses with turnover of more than ₹ 50 crore have to mandatorily provide facilities for accepting payments through electronic modes, such as, RuPay debit cards, UPI and UPI QR codes. Section 10A of the Payment, and Settlement Systems Act 2007 when read in conjunction with Section 269SU of the Income-tax Act, 1961, alludes that no bank or system provider shall impose any charge on a payer making payment, or a beneficiary receiving payment, through RuPay debit cards, UPI and UPI QR codes. The MDR reimbursement schemes by MeitY stands closed. We are organizing a roundtable to understand the impact of these policy changes on different stakeholders. Based on the discus...

Indian Fintech Startup Funding


  Digital Lending Startup ZestMoney Raises $13.4 Mn From Xiaomi, Others Existing investors PayU, Ribbit Capital and Omidyar Network also participated in the round The company plans to strengthen its technology and data science capabilities ZestMoney will also work to expand use cases for the core ZestMoney Affordability Product