India has witnessed meteoric growth in the field of FinTech innovation. Banking and financial institutions have wholeheartedly embraced technology and contributed to the broader mission of ‘digital India’. Technological innovation has transformed the entire payment system landscape in the last decade and various FinTech solutions including digital wallets, lending platforms, EMI solutions, neo-banking and scan & pay have ensured mass adoption of digital payments in the country. The Indian regulatory framework in this area is comprehensive, robust and dynamic. The Reserve bank of India proactively and regularly passes relevant circulars or updates circulars/notifications/guidelines to regulate varying aspects of the sector including digital banking, digital lending, pre-paid instruments, digital wallets, payment aggregation, foreign direct investment (FDI) and overseas direct investment.
OUR SERVICES RELATING TO FINTECH LAW INCLUDE
- Regulatory licence/registration for Banking, NBFC, PPI, Payment System & settlement services, digital wallets and Alternative Investment Funds (AIF)
- Advisory and review of the project / product / business plan
- FEMA Advisory and Compliance
- FDI and restructuring
- Funding and Investment
- Overseas Direct investment advisory services
RECENT BLOGS
Lessons from the FTX Collapse
Lessons from the FTX Collapse The FTX collapse is a major blow to the crypto industry. It is a reminder that the industry is still in its early stages and
De-freezing bank accounts of crypto P2P traders: A Legal primer
De-freezing bank accounts of crypto P2P traders: A Legal primer Introduction Peer-to-Peer (P2P) crypto transactions executed by Indian traders have reportedly increased significantly in the last few years. These P2P transactions
FIU Registration of VDA Service Providers
FIU Registration of VDA Service Providers Introduction Regulatory landscape for cryptocurrencies i.e. virtual digital assets (VDAs) has significantly evolved in India in the last two years. Though a VDA specific
Are Payment gateways ‘reporting entities’ under PMLA?
Are Payment gateways 'reporting entities' under PMLA? Introduction Should a word or a phrase defined similarly in two different statutes be interpreted differently? Hon’ble Delhi High Court has answered this
An Overview of DAO Legal Wrappers
An Overview of DAO Legal Wrappers Exploring the Benefits of DAO Legal Wrappers for BusinessesBusinesses are increasingly turning to decentralized autonomous organizations (DAOs) to take advantage of the many benefits