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RBI removes loading of Prepaid Instruments (PPIs) by Credit Lines (which is a subsegment of BNPL, also called Credit Card Challengers):
What does it mean to the Fintech ecosystem?
RBI has clearly communicated in its message PPI Issuers as well

Post-Fintechs arrival & building a new value proposition for customers, Banks adopted a collaborative approach to work together and develop new products, business models, and value drivers for customers. Emerging demands from Fintechs led to banks opening up their services

49 startups have received seed funds in the last  1 year and 7 have received funding from angel investors.   This is a major indicator of the investor’s confidence in the revival of the economy and the Fintech startup space.

Post- COVID,  the whole of financial services has been going through a major transformation. On one hand, the fintech industry is going through an unprecedented transition due to the pandemic while on another side, the entire banking & financial sector

The month of January has seen total funding of $130 million*. A total of 16 startups in the fintech segment got funded in the month of January. This amount is a little lesser than that of December.
The payments segment