Brief Finance: Event Driven - Fino Payments Bank: How Did Shell Companies Route Online Gaming Funds? and more
In this briefing: Event Driven - Fino Payments Bank: How Did Shell Companies Route Online Gaming Funds? Sunrate: Scaling B2B Payments Solutions Profitably (Initiation) Whale's Insight: Surface Weakness Masks Whale Accumulation in ETH Quiddity T50/100/TDIV Mar26 Results: 100% Hit Rate; US$1.7bn+ Total One-Way Flows Union Bank X BoI [Merger 2.0]: India's 2nd Largest Public Sector Bank in Making? 1. Event Driven - Fino Payments Bank: How Did Shell Companies Route Online Gaming Funds? Fino Payments Bank, a merchant-focused digital payments bank, is under GST investigation over transactions linked to online gaming platforms through program managers. Authorities have arrested CEO Rishi Gupta. The case highlights compliance risks in India’s fast-growing digital payments ecosystem, especially where intermediaries such as program managers and payment aggregators are involved . While the bank has denied any wrongdoing and stated that operations remain stable, the episode may lead to tighter regulatory oversight across India’s fintech and digital payments ecosystem. 2.