Varun Sharma

Varun is a CA by profession and domain expert of startup Advisory and Regulatory Services like FEMA, RBI & IRDA. During his professional career, he has worked with various international companies and helped them to set up their business in India.

53 articles published Follow:

Payment Aggregator Licensing in India

small businessFebruary 6, 2023650Views 0Likes 0Comments

Inside This Article Introduction Updated by the RBI in March 2020 and its released framework regarding payment aggregators' further continuation compliance. The regulator stated that the payment gateways now need to obtain a license and certification from the Payment Card Industry (Data Security Standard/ PCI DSS) to keep their merchant transactions as it is and…

What are PSU banks and the reasons they are rising

BankFebruary 2, 2023384Views 0Likes 0Comments

Inside This Article Public sector banks have been performing quite steadily for quite some time, and the July to September quarter in 2022 vouches for it. These banks have registered unparalleled growth, and their asset quality has improved quite significantly. The stock market also highlights how amazingly PSU banks have been performing. Before we take…

Payment Aggregator and Payment Gateway difference and compliance

Bank, Digital BankingJanuary 31, 2023620Views 0Likes 0Comments

Inside This Article Introduction Around the world, the COVID-19 pandemic has profoundly affected people's comfort levels with digital technology. The 'new normal' of payment reached 70 billion transactions in 2022, which was 44 billion in 2021. This has created opportunities for new entrepreneurs and small businesses. And finding the right method of the payment transaction…

NRIs (Non-resident Indians) will be able to use UPI for processing payments

Digital BankingJanuary 18, 2023252Views 0Likes 0Comments

Inside This Article NRIs (Non-resident Indians) will now be able to use UPI for processing payments. NPCI (National Payments Corporation of India) says that NRIs living in ten countries can now set up UPI on their international mobile numbers. According to the new guidelines, they will now be able to use international mobile numbers for…

UPI, how it changed and will be impacting the Fintech industry in 2023

FinTechJanuary 11, 2023558Views 0Likes 0Comments

Inside This Article Introduction The Unified payment interface or UPI transactions, as we know, the elevated convenience served by UPI systems is one biggest reason it's exceeding other payment methods. Proof: A report by CLSA verified that UPI corporates to 60% of entire payments — and digital payments have increased from $61bn in 2016 to…

Top 6 NBFCs of India in 2022 and their Performance

nbfcJanuary 9, 2023588Views 0Likes 0Comments

Inside This Article India’s economic growth has been exceptional in the past few years. It can be easily attributed to the microfinance companies in India whose immense contribution fueled this rapid growth. Microfinance companies have been instrumental in attenuating poverty by uplifting the poor, particularly women and the youth, in rural areas. The microfinance sector…

5 Reasons Your NBFC Must Have Digital Lending Facility

nbfcJanuary 5, 2023333Views 0Likes 0Comments

Inside This Article The contemporary lending environment is going through a paradigm shift. It is way better than the traditional lending process finance and loan companies used to follow. All thanks to rapid digitalization that has eliminated inconveniences that bothered both lenders and borrowers in equal measures. Conventional ways of lending required the borrowers to…

Top 7 Microfinance Companies in India 2022-2023 and their Challenges

MicrofinanceJanuary 4, 20231KViews 0Likes 0Comments

Inside This Article Micro-financing has played a key role in the rapid economic growth of India. Its contribution has been immense. Private finance companies have made financial assistance within reach of rural youth and women. Private lending has changed the economic ecosystem of the nation for the better. There are hundreds of NBFC establishments in…

RBI’s recent notifications: Impacts on NBFCs in 2023

RBI NotificationsDecember 31, 2022681Views 0Likes 0Comments

Inside This Article Introduction As we know, NBFCs are performing an imensive job by providing credit facilities to specific niche sectors, viz., infrastructure and unbanked sections of the economy — thus, driving financial inclusion in India. And the sector has reported a total annual growth of almost 18% over the previous few years and is…

How will digital banking units (DBUs) transform banking in India?

Digital BankingDecember 30, 2022432Views 0Likes 0Comments

Inside This Article Introduction The Demonization and rise in digital payments paved the way for digital banking units (DBUs) in India, and the RBI’s Digital Payments Index (DPI) has increased to 349.30 in March 2022 from 153.47 in March 2019. Many banks are now prioritizing incorporating DBUs in their overall banking system because it helps…

Are Non-Banking-Financial-Companies-(NBFCs)-New-Bank

Are Non-banking Financial Companies (NBFCs) the New Banks?

nbfcDecember 29, 2022361Views 0Likes 0Comments

Inside This Article Introduction Why do we need NBFC when we have Banks? Let's take a quick example - Why do we need Jio, Airtel, Idea, and others when we have BSNL? The same goes here. Every bank in India provides specific bundles of financial services, while their primary activity is lending. For example, an…

7 Topmost Advantages of Hiring a VCFO at your NBFC and Scaling it

Virtual CFODecember 27, 2022334Views 0Likes 0Comments

Inside This Article Have you heard of this quote, "If you deprive yourself of outsourcing and your competitors do not, you're putting yourself out of business"? A very famous one by Lee Kuan Yew, 1st Prime Minister of the global financial center, Singapore. In this digital era, when every other job has become virtual and…

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Varun Sharma

Payment Aggregator Licensing in India

What are PSU banks and the reasons they are rising

Payment Aggregator and Payment Gateway difference and compliance

NRIs (Non-resident Indians) will be able to use UPI for processing payments

UPI, how it changed and will be impacting the Fintech industry in 2023

Top 6 NBFCs of India in 2022 and their Performance

5 Reasons Your NBFC Must Have Digital Lending Facility

Top 7 Microfinance Companies in India 2022-2023 and their Challenges

RBI’s recent notifications: Impacts on NBFCs in 2023

How will digital banking units (DBUs) transform banking in India?

Are Non-banking Financial Companies (NBFCs) the New Banks?

7 Topmost Advantages of Hiring a VCFO at your NBFC and Scaling it

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