The RBI has ordered BNPL platform Simpl to halt operations after the ED flagged alleged FEMA violations involving ₹914 crore. This marks a major shift in how India views BNPL—no longer just a convenience tool, but a regulated credit product. With rising concerns over unsecured lending, hidden charges, and consumer risks, the RBI is tightening norms to protect users and ensure compliance. Stronger regulations could reshape fintech models and improve long-term trust—tap to know