Posted in Finance
RBI’s Regulatory Hammer: Impact on Indian Fintech Giants
Three points you will get to know in this article: In a recent development that could spell trouble for fintech firms, the Reserve Bank of India (RBI) has purportedly instructed Visa and Mastercard to prohibit card-based commercial transactions initiated by companies. Interestingly, some fintech players like Enkash, Karbon, and Paymate facilitate card payments for functions such as settling bills with…