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RBI Orders Visa, Mastercard To Stop Processing Commercial Payments Like House Rent, Tuition Fees & More

By Trak - 9 months ago

India’s fintech sector faces another regulatory hurdle as the Reserve Bank of India (RBI) instructs Visa and Mastercard to cease card-based commercial payments by companies. This directive, reported by Journalist Arti Singh, affects fintech players facilitating such transactions, including Enkash, Karbon, and Paymate, known for enabling payments to suppliers and vendors via cards. A founder […]

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