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RBI asks Visa, Mastercard to halt card-based commercial payments

While the RBI has not officially announced the reasons for the directive, fintech companies active in the segment said such transactions are being done at outlets which are not authorised to accept such payments.

Business payment service providerReserve bankSettlement systems actReserve bank of indiaFintech firmsUsiness payment service provider bpspNdian express businessUsiness newsUsiness articlesUsiness news stories

RBI asks card network to stop unauthorised payments via business cards

The regulator said only one card network has operationalised this arrangement in the country so far.

Business payment service providerImmediate payment serviceNational electronic fundReal time gross settlementNational electronic fund transferSettlement systemsReserve bank of indiaFintech firmsUsiness payment service provider bpspNdian express businessUsiness newsUsiness articlesUsiness news stories

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