Regulation vs innovation: why did RBI close a billion-dollar loophole?
finbox.substack.com
It seems like we’ve only been discussing credit cards over the past few weeks. I’m afraid this pattern shall continue for the next couple of weeks too. This week, there’s been upheaval in the neo-FinTech space as the RBI pulled the rug from under the feet of many promising unicorns and soonicorns that took on legacy banks’ credit card dominance.
Regulation vs innovation: why did RBI close a billion-dollar loophole?
Regulation vs innovation: why did RBI close a…
Regulation vs innovation: why did RBI close a billion-dollar loophole?
It seems like we’ve only been discussing credit cards over the past few weeks. I’m afraid this pattern shall continue for the next couple of weeks too. This week, there’s been upheaval in the neo-FinTech space as the RBI pulled the rug from under the feet of many promising unicorns and soonicorns that took on legacy banks’ credit card dominance.