This article summarizes the various issues discussed in our webinar on digital payments during COVID-19 with Mr. Arpit Ratan, Co-founder of Signzy. The webinar is available on YouTube. ———————————————— Introduction: On 01 May 2020, Aparajita Srivastava and Arpit Gupta from Ikigai Law held a webinar on ‘Digital payments: Threats and opportunities during the pandemic’. Mr.Read more
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Most digital/IT related services have survived the negative economic impact of the ongoing COVID-19 pandemic. However, with a sharp drop in e-commerce and online travel and event booking transactions, the digital payments industry has been hit hard by the COVID-19 lockdown in the last 2 months. UPI transactions decreased from 1.3 million in December 2019Read more
We are delighted to announce the launch of the ‘Digital Technology Policy for India’s USD 5 Trillion Economy’, an IAMAI report authored by Ikigai Law (available here). The report was launched in New Delhi on 24 September 2019 by Sunil Jain (managing editor, Financial Express), Baijayant Panda (national vice president, BJP), Aruna Sundararajan (former secretary,Read more
The Dialogue organized a roundtable in New Delhi on 5th August, 2019, to discuss the way forward for a progressive data protection law that is rights-based and implements the Supreme Court’s principles on privacy. This note summarizes the discussions from this roundtable, which was conducted under the Chatham House Rule. Session 1: Gaps inRead more
The Payment and Settlement Systems Act, 2007 (“PSS Act”)[1] for the first time recognized payments as a different function from a bank’s core functions, such as lending, accepting deposits or managing monetary policy[2]. The Watal Committee Report[3] further explained this difference when it suggested in 2016 that payments must be regulated by a separate, independentRead more
Overview Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) will form the next Union government in India. In election results announced on 23 May 2019, the BJP and its allies, which together constitute the National Democratic Alliance (NDA), secured 353 out of 542 seats in the Lok Sabha (Lower House of Parliament; also called theRead more