Category: Fintech

InFintech

REGULATORY SANDBOX FOR RETAIL PAYMENTS

This update sets out the details of the Reserve Bank of India‟s (RBI) press release dated 4 November 2019 with respect to the regulatory sandbox for retail payment solutions (Sandbox Press Release). Enabling framework The RBI had released a report titled “Enabling Framework for Regulatory Sandbox” dated 13 August 2019 (Sandbox Report) where it had…
InFinance RegulationsFintech

PROTECTING THE “INTERMEDIARY”: CURRENT LAW TRENDS

The Government of India has issued a draft e-commerce policy titled Electronic Commerce in India:Draft National Policy Framework, 2018. This inter alia proposes to revisit and modify the exemption from liability granted to intermediaries under Section 79 of the Information Technology Act, 2000 (“I.T Act”). In this note, we highlight the current exemptions given to…
InCompetition LawE-CommerceFintech

DISCOUNTING PRACTICES IN E-COMMERCE IN INDIA: WALMART-FLIPKART CCI ORDER

This note analyses aspects of pricing control in the “marketplace” model of e-commerce. The “market-place” model is an important context for Indian foreign exchange control regulations because foreign direct investment is not allowed in the other model i.e. “inventory-based”. A market-place model of e-commerce is defined as: “providing of an information technology platform by an e-commerce…
InCyber CrimeData ProtectionE-CommerceFintechMedia & Copyright

PERSONAL DATA PROTECTION BILL, 2018: KEY COMPLIANCE POINTS

Apart from the requirement of obtaining consent and display of privacy notice, the following are certain key compliance required to be followed under the Personal Data Protection Bill, 2018 (“Bill”): – Security Safeguards: Both data fiduciary and data processor are required to implement “appropriate security safeguards”.There is no prescribed ‘appropriate’ security safeguard under the Bill….

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