December 9, 2020
An Indian Court wants response from authorities on Facebook, Google and Amazon Pay's allegedly unregulated financial ops
Reserve Bank of India (RBI) BCCL The Delhi High Court Wednesday sought response of the Centre, RBI , SEBI , IRDAI and National Payments Corporation of India ( NPCI ) on a PIL seeking a detailed legal framework for regulating operations of techfin companies such as Facebook , Google and Amazon in India’s financial sector space. According to the petition filed by an economist, techfin entities are technology, telecommunications or e-commerce companies which have entered the financial sector to pro…