Bengaluru-based fintech startup Simpl has come into the crosshairs of the Reserve Bank of India (RBI). The central bank has asked the Buy Now, Pay Later (BNPL) platform to cease all payment operations ...

RBI directs Simpl to stop payment operations immediately due to lack of authorisation Simpl faces regulatory probes, including Enforcement Directorate’s investigation on forex violations The order ...

The Reserve Bank of India (RBI) has directed Bengaluru-based buy-now-pay-later (BNPL) startup Simpl to immediately stop all payment-related operations, citing lack of authorisation under the Payment ...

Simpl is grappling with an existential crisis. The Reserve Bank of India (RBI) has directed the buy-now-pay-later (BNPL) platform to cease all payment-related operations. So, why did the RBI crack ...

MUMBAI/BENGALURU: RBI has ordered Simpl, a Bengaluru-based buy-now-pay-later (BNPL) firm, to shut its payments operations with immediate effect. The platform, which works with 26,000 merchants and ...

RBI orders fintech Simpl to halt payment operations The move comes after the Enforcement Directorate (ED) in July filed a case under the Foreign Exchange Management Act (FEMA), 1999, against Simpl and ...

RBI diktat comes months after the ED accused the company of violating FDI norms under FEMA, when it was raising money by claiming to be an IT services business Founder Nitya Sharma confirmed the RBI ...

Simpl raises $40 million in Series B; co-founder clears air on lawsuit While Simpl is eyeing 10x growth in its user base, it finds itself mired in a lawsuit filed against the company by erstwhile ...