Blog - NewNerve

Building Trust and Confidence: The Regulatory Ecosystem of Lending in India

24Apr

By Ankit1 Comment

Lending, BFSI, Blog, Digital Lending, Goverment Notice/Circulars, NBFC, Regtech

Building Trust and Confidence: The Regulatory Ecosystem of Lending in India

Lending plays a crucial role in India's financial landscape, providing individuals and businesses with access to capital for various purposes. To ensure the stability, transparency, and fairness of lending practices, the lending space in India operates within a robust regulatory ecosystem governed by multiple authorities and regulations. In this article, we will delve into the key components of the regulatory framework for lending in India, shedding light on the various entities and regulations that shape the lending landscape. Reserve Bank of India (RBI): At the heart of India's lending regulatory framework stands the Reserve Bank of India (RBI). As the central banking institution, the RBI plays a pivotal role in regulating the lending sector. It formulates and implements policies a...

Stablecoins: Promises vs. Reality: BIS report

23Apr

By Ankit1 Comment

CBDC, Fintech, Global BFSI, International Reports, Payments, Technology

Stablecoins: Promises vs. Reality: BIS report

Overview: The paper examines the evolution of the stablecoin market over the past decade and investigates whether stablecoins have truly lived up to their name in terms of stability. Stablecoins are a subcategory of cryptoassets designed to maintain a stable value relative to a specified peg. Key Findings: Classification of Stablecoins: The authors classify stablecoins into four distinct types: Those backed by fiat currency. Those backed by commodities. Those backed by other cryptoassets. Algorithmic stablecoins (not backed by any specific asset). Volatility and Parity: While stablecoins backed by fiat currency, commodities, or other cryptoassets have generally been less volatile than traditional cryptoassets, none of them has cons...

IMF’s Debt Alarm: Climate Finance Urgency Remains Unresolved

22Apr

By Ankit1 Comment

Economics, Finance, Global BFSI, International Reports

IMF’s Debt Alarm: Climate Finance Urgency Remains Unresolved

Recent report by the Debt Relief for Green and Inclusive Recovery Project (DRGR) warned that 47 emerging and developing market economies may struggle to allocate funds for climate adaptation and development without risking default in the next five years. The annual World Bank and IMF meetings have concluded, leaving behind a sense of urgency and concern. Despite the pressing need to mobilize trillions of dollars for combating climate change, these high-profile gatherings failed to produce a concrete plan. The absence of a clear climate finance strategy raises critical questions about our ability to address the global climate crisis. The Missing Climate Finance Blueprint At the heart of the issue lies the lack of a robust climate finance plan. As the world grapples with risin...

Central Bank Digital Currency : A Payments Perspective by World Bank, 2021

20Apr

By Ankit1 Comment

Payments, Banking, Blog, CBDC, International Reports, Review

Central Bank Digital Currency : A Payments Perspective by World Bank, 2021

The Guidance Report This document, titled "Central Bank Digital Currency: A Payments Perspective," provides insights and guidance on central bank digital currency (CBDC). It explores CBDC's role in the national payments system and analyzes its various aspects, including reasons for issuance, features, timing, infrastructure, and stakeholders. Lets understand this report in brief: Executive Summary The executive summary provides a concise overview of the document's key findings and policy recommendations. It highlights the importance of Central Bank Digital Currency (CBDC) as a transformative tool in the payments landscape and emphasizes the need for careful consideration of its objectives and potential consequences. Central Bank Digital Currency (CBDC): A Transformative Tool in t...

Review of Draft circular by RBI “Amendments to PA (2)”

17Apr

By Ankit2 Comments

Goverment Notice/Circulars, Blog, Fintech, Payments, Review

Review of Draft circular by RBI “Amendments to PA (2)”

Here’s a concise summary based on the draft circular for Payment Aggregators (PAs) issued by the Reserve Bank of India (RBI): Objective: The circular aims to introduce amendments to the Payment Aggregators (PA) framework. Some Key Points of the draft circular: Risk Management: PAs must implement robust risk management practices, including monitoring and mitigating risks associated with transactions. Merchant Onboarding: PAs should ensure thorough due diligence while onboarding merchants. Transaction Limits: PAs must set transaction limits for merchants based on their risk profiles. Escrow Account: PAs must maintain an escrow account with a scheduled commercial bank. Security Measures: PAs should enhance security measures to prevent unauthorized access and fraud. ...

Understanding the 1st Law of Power: Never Outshine the Master

11Apr

By AnkitNo Comments

Blog

Understanding the 1st Law of Power: Never Outshine the Master

In the intricate dance of power dynamics and human interactions, understanding the laws that govern our social landscape is crucial. Power, in all its forms, has been a subject of fascination for centuries. From ancient empires to modern-day corporate structures, the dynamics of power and its acquisition have shaped the course of history. In this blog, we will delve into the First Law of Power, as outlined by renowned author Robert Greene in his book "The 48 Laws of Power." We will explore historical examples that illustrate this law and draw parallels with the contemporary corporate world, shedding light on the timeless nature of power dynamics. The First Law: Never Outshine the Master The First Law of Power, as stated by Robert Greene, emphasizes the importance of never outshining th...

7Apr

By Ankit1 Comment

Fintech, Blog, Payments, Review

Detailed Review Of PhonePe Payments App

Explore Certainly! Here’s a detailed review of the PhonePe payments app: PhonePe UPI, Payment, Recharge is a versatile payments app that offers a wide range of features. Let’s dive into the specifics: Payment Options on PhonePe Payments App: BHIM UPI: PhonePe allows you to use BHIM UPI for seamless money transfers. Credit and Debit Cards: You can link your credit and debit cards to make payments. Wallet: The app supports wallet-based transactions. Utility Bill Payments: Pay your utility bills (electricity, water, gas, etc.) directly through the app. Conveniently recharge your mobile phone. Online Shopping and Food Orders: Make online payments on popular shopping sites like Flipkart, Amazon, and Myntra. Pay for food orders from Zom...

7Apr

By AnkitNo Comments

Blog, Fintech, Payments, Review

Google Pay App Detailed Review

Let’s explore why Google Pay is an excellent choice for consumers in India. Google Pay, formerly known as Google Tez, has evolved into a robust digital payment app with a host of features designed to enhance your financial experience: Send and Receive Money: Simple and Secure: Google Pay allows you to send and receive money effortlessly using a mobile app. Even if the recipient isn’t on Google Pay, you can still transfer funds. Zero Fees: Transactions on Google Pay are fee-free, making it a cost-effective way to handle payments. Audio-Based QR System: Google Pay introduced an innovative feature that uses ultrasonic waves to create one-time codes for secure digital payments1. Utility Bill Payments: Convenience: Pay your utility bills directly through Google Pay. ...

7Apr

By Ankit1 Comment

Payments, Blog, Review

Paytm App Detailed Review

Let’s explore why Paytm App is an excellent choice for consumers in India. Paytm, India’s largest digital payment app, offers a plethora of features that make it a go-to platform for various financial needs: Versatility and Convenience: UPI Payments: Paytm App makes it seamless to pay using UPI (Unified Payments Interface). You can transfer money instantly to anyone, anywhere in India. Bill Payments: Pay your utility bills, recharge mobiles, DTH, data cards, and Metro cards—all in one place. Online Shopping: Shop on e-commerce platforms like Flipkart and Uber, and enjoy cashback offers when you pay via Paytm. Paytm App Wallet: Fast and Secure: Load up your Paytm Wallet app for free and make payments at over 21 million stores, websites, and apps. Contactle...

Top 10 Payment Companies in India: A Comprehensive Review

7Apr

By Ankit3 Comments

Blog, Fintech, Payments, Review

Top 10 Payment Companies in India: A Comprehensive Review

In recent years, the Indian digital payment landscape has witnessed tremendous growth, driven by a surge in smartphone usage and the government's push towards a cashless economy. With numerous payment companies vying for dominance, it can be challenging to determine which ones offer the best features, seamless payments, and exceptional user experiences. In this blog, we will review the top 10 payment companies in India and analyze their key attributes. Paytm: Paytm is one of India's leading payment companies, offering a wide range of services, including mobile recharges, bill payments, and peer-to-peer transfers. With a user-friendly interface and robust security measures, Paytm has gained immense popularity. Its extensive merchant network and cashback offers further enha...