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What are the license requirements to open a fintech startup in India?

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Ishita Ramani Ishita Ramani
Answered on April 02,2022

A financial startup's licensing and regulation are determined by the type of service it intends to provide. An online finance company can provide the following services:

  1. Payment services necessitate registration with the Reserve Bank of India.
  2. Licensing is essential for retail fintech to perform loan and depositing services for MSMEs in the case of retail service providers.
  3. Fintech companies should be registered as NBFCs with the Reserve Bank for financial management and investment.

Hope this answer solves your query regarding the requirements of Licenses to start a Fintech Startup in India.

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