The tech conglomerate got into trouble in the US last year forallegedly using dark patterns to trickusers into subscribing for Amazon Prime. The US Federal Trade Commission filed a complaint against the company, highlighting design practices such as Forced Action, Interface Interference, Obstruction (...
The Reserve Bank of India (RBI) has issued amaster directionmandating that Credit Information Companies (CICs) must notify customers via SMS or email whenever their Credit Information Report (CIR), a summary of customers’ credit history and repayment performances, is accessed by Specified Users (S...
This complaint can also be filed online through the Sachet portal by visiting https://sachet.rbi.org.in/ The complaints submitted are immediately forwarded to the regulator/law enforcement authority that takes necessary action as per their procedures against dubious digital lenders. It is important ...
Cashfree Payments hasobtainedthe Reserve Bank of India’s (RBI) Prepaid Payment Instrument (PPI) license. This positions Cashfree Payments among the first fintech companies to receive the PPI license from RBI. Previously, it has receivedPayment Aggregator (PA), andPayment Aggregator-Cross Border (P...
The RBI shared its plans to include non-bank payment system operators in offering CBDC wallets earlier this year in April.