cryptohunter
Active member
- PPF Points
- 2,738
In India making sure electronic money institutions (EMIs) compete fairly involves rules, clear guidelines, and open practices to keep the playing field level.
First off Reserve Bank of India (RBI) set the rules.. They make sure EMIs don't do anything unfair to outcompete others. The RBI watches how the market is doing, checks if everyone is following the rules, and steps in if things get out of balance.
Transparency is also a big deal.. EMIs have to be clear about their fees, terms, and conditions. This helps people know exactly what they're getting into and makes sure EMIs are all playing by the same rules. When everyone knows what's going on, it encourages healthy competition among EMIs to offer the best services and deals.
First off Reserve Bank of India (RBI) set the rules.. They make sure EMIs don't do anything unfair to outcompete others. The RBI watches how the market is doing, checks if everyone is following the rules, and steps in if things get out of balance.
Transparency is also a big deal.. EMIs have to be clear about their fees, terms, and conditions. This helps people know exactly what they're getting into and makes sure EMIs are all playing by the same rules. When everyone knows what's going on, it encourages healthy competition among EMIs to offer the best services and deals.
