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Hi Insiders, Osborne here.Welcome to the 64th edition of Fintech Inside. Fintech Inside is the front page of Fintech in emerging markets.Last week, the RBI released a notification warning against loading prepaid payment instruments (PPI) with credit lines. This one notification sent a jolt across the fintech industry with widespread ramifications. It is estimated that 10-20mm users will be impacted.Like you, I had a ton of questions: Which fintech startups are impacted? Why would RBI take such a drastic step? Was this expected? Were these fintech startups operating illegally? What's next for fintech in India? All that in this week's edition of Fintech Inside!Like what you read? please share this edition with a friend.If you’re an early-stage fintech startup founder raising equity or debt, I may be able to help - reach out to connect@osborne.vcEnjoy another week in fintech!Subscribe🤔 One Big ThoughtNo country for fintech startups?The Reserve Bank of India released a notification, warnin...
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