The regulator has proposed stricter KYC guidelines that payment aggregators or fintechs that facilitate digital payments need to follow before onboarding merchants
Earlier in the day, it was reported that the RBI may consider either cancelling the licence of Paytm PB or superseding its board after the settlement of all pipeline transactions and nodal accounts are completed by March 15.
MUMBAI/NEW DELHI: For nearly two years,RBI has engaged with the Paytm Payments Bank management over what it believed were transgressions by one of the.